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The difference between compound interest and simple interest on a sum of ₹5,000 for 3 years at 8% per annum is:

Mathematics Class 8th

Directions : SSC 2018 question

Q. 14 of Quiz-2112 (Que-ID : 4661)

The difference between compound interest and simple interest on a sum of ₹5,000 for 3 years at 8% per annum is:

  • ₹24
  • ₹32
  • ₹40
  • ₹50

Ans → (c)₹40

Explanation → The difference is ₹40 due to compounding

This question is taken from this post → Mathematics Practice Quiz on Simple and Compound Interest - attemp/practice


More MCQs in - Mathematics Practice Quiz on Simple and Compound Interest

Directions : Calculate the simple interest for given values

Q. 3 of Quiz-2112 (Que-ID : 4652)

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

  • ₹100
  • ₹200
  • ₹300
  • ₹400

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Directions : Choose the correct number of compounding periods

Q. 8 of Quiz-2112 (Que-ID : 4653)

If the interest is compounded half-yearly, how many times per year is the interest compounded?

  • 1
  • 2
  • 3
  • 4

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Directions : SSC 2019 question

Q. 12 of Quiz-2112 (Que-ID : 4654)

The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

  • ₹2,880
  • ₹2,400
  • ₹3,000
  • ₹2,700

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Directions : Choose the correct number of compounding periods

Q. 9 of Quiz-2112 (Que-ID : 4655)

In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:

  • 1
  • 2
  • 3
  • 4

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Directions : SSC 2019 question

Q. 19 of Quiz-2112 (Que-ID : 4656)

The simple interest on ₹5,000 at 8% per annum for 3 years is:

  • ₹1,200
  • ₹1,000
  • ₹1,400
  • ₹1,600

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Directions : SSC 2022 question

Q. 17 of Quiz-2112 (Que-ID : 4657)

If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?

  • 10%
  • 12%
  • 15%
  • 20%

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Directions : Choose the correct representation of 'P' in the formula

Q. 2 of Quiz-2112 (Que-ID : 4658)

What does 'P' represent in the simple interest formula?

  • Rate of interest
  • Time period
  • Principal amount
  • Final amount

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Directions : Choose the correct formula for simple interest

Q. 1 of Quiz-2112 (Que-ID : 4659)

What is the formula for calculating simple interest?

  • SI = (P x R x T) / 100
  • SI = (P x R) / T
  • SI = (P + R + T) / 100
  • SI = (R x T) / P

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Directions : Choose the correct difference

Q. 7 of Quiz-2112 (Que-ID : 4660)

The difference between simple interest and compound interest on ₹5,000 for 2 years at a rate of 5% per annum is:

  • ₹6.25
  • ₹12.50
  • ₹25
  • ₹50

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Directions : SSC 2018 question

Q. 14 of Quiz-2112 (Que-ID : 4661)

The difference between compound interest and simple interest on a sum of ₹5,000 for 3 years at 8% per annum is:

  • ₹24
  • ₹32
  • ₹40
  • ₹50

Discuss View Answer

Directions : Choose the correct base for compound interest

Q. 4 of Quiz-2112 (Que-ID : 4662)

Compound interest is calculated on:

  • Principal only
  • Principal and accrued interest
  • Rate of interest
  • Time period only

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Directions : DSSSB 2021 question

Q. 15 of Quiz-2112 (Que-ID : 4663)

What is the compound interest on ₹10,000 at 5% per annum compounded yearly for 2 years?

  • ₹1,000
  • ₹1,025
  • ₹1,050
  • ₹1,100

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Directions : SSC 2022 question

Q. 11 of Quiz-2112 (Que-ID : 4664)

A sum of ₹8,000 amounts to ₹9,261 in 2 years at compound interest. What is the rate of interest?

  • 5%
  • 7.5%
  • 10%
  • 12.5%

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Directions : SSC 2021 question

Q. 16 of Quiz-2112 (Que-ID : 4665)

At what rate of simple interest will a sum of money double itself in 12 years?

  • 8.33%
  • 10%
  • 12%
  • 14%

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Directions : SSC 2020 question

Q. 18 of Quiz-2112 (Que-ID : 4666)

At what rate will ₹10,000 amount to ₹11,000 in 2 years at compound interest?

  • 4.88%
  • 5%
  • 9.53%
  • 10%

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Directions : Calculate the final amount after 3 years

Q. 6 of Quiz-2112 (Que-ID : 4667)

If a sum of ₹2,000 is invested at an interest rate of 6% per annum compounded annually for 3 years, what will be the amount after 3 years?

  • ₹2,120
  • ₹2,382.03
  • ₹2,000
  • ₹2,500

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Directions : DSSSB 2021 question

Q. 20 of Quiz-2112 (Que-ID : 4668)

The compound interest on ₹4,000 for 2 years at 5% per annum compounded annually is:

  • ₹410
  • ₹400
  • ₹420
  • ₹450

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Directions : DSSSB 2020 question

Q. 13 of Quiz-2112 (Que-ID : 4669)

In how many years will a sum of ₹1,000 become ₹1,210 at 10% compound interest per annum?

  • 1 year
  • 2 years
  • 3 years
  • 4 years

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Directions : Choose the correct formula for compound interest

Q. 5 of Quiz-2112 (Que-ID : 4670)

What is the formula for calculating compound interest annually?

  • A = P(1 + R/100)^T
  • A = P + (R x T) / 100
  • A = P x R x T
  • A = P x T x (R / 100)

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Directions : Calculate the rate of interest

Q. 10 of Quiz-2112 (Que-ID : 4671)

A sum of money becomes ₹6,000 in 2 years and ₹6,600 in 3 years at compound interest. What is the rate of interest?

  • 5%
  • 10%
  • 15%
  • 20%

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More MCQs In - Mathematics Class 8th

Directions : Compound interest

Q. 9 of Quiz- (Que-ID : 420)

Find the compound interest of Rs. 10,000 in 9 months at 4% per annum interest payable quarterly.

  • Rs. 300
  • Rs. 310
  • Rs 303
  • Rs 303.01

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Q. 28 of Quiz- (Que-ID : 599)

Who is regarded as the father of modern chemistry ?

  • Rutherford
  • Einstein
  • Lavoisier
  • C. V. Raman

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Directions :

Q. 10 of Quiz- (Que-ID : 560)

The density of water is maximum at-

  • 0 °C
  • 4 °C
  • 25°C
  • 100°C

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Q. 7 of Quiz- (Que-ID : 431)

Which of the river Originates in Tibetan plateau, Enters India in J&K ?

  • Ganga
  • Bramaputra
  • Indus
  • Yamuna

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Directions : (प्रश्न 11 से 15) दी गयी लोकोक्तियो के लिए नीचे दी गये चार विकल्पों में से उपयुक्त अर्थ का चयन कीजिए।

Q. 13 of Quiz- (Que-ID : 1003)

पढ़ें फ़ारसी बेचें तेल, यह देखो कुदरत का खेल -

  • बेकार रहना
  • विद्या का अपमान करना
  • फारस में पढ़े लिखे लोग तेल बेचने का व्यापार करते हैं।
  • योग्यता की तुलना में विवशता के कारण निम्न स्तर का कार्य करना

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Directions : (प्रश्न 6 से 10 ) दिए गए वाक्य के संदर्भ में उपयुक्त मुहावरा छाँटिए।

Q. 9 of Quiz- (Que-ID : 999)

श्रीराम ने रावण के वंश को समाप्त ही कर दिया -

  • इतिश्री करना
  • टाट उलट देना
  • खाट खड़ी कर देना
  • नामोनिशान मिटा देना

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Directions : Choose the correct representation of 'P' in the formula

Q. 2 of Quiz- (Que-ID : 4658)

What does 'P' represent in the simple interest formula?

  • Rate of interest
  • Time period
  • Principal amount
  • Final amount

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Directions : (प्रश्न 6 से 10 ) दिए गए वाक्य के संदर्भ में उपयुक्त मुहावरा छाँटिए।

Q. 10 of Quiz- (Que-ID : 1000)

अत्यधिक परिश्रम के फलस्वरूप वह एकदम थककर बैठ गया है -

  • निढाल हो जाना
  • चूर चूर हो जाना
  • अंग अंग ढीला होना
  • अस्त व्यस्त हो जाना

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Directions : (प्रश्न 6 से 10 ) दिए गए वाक्य के संदर्भ में उपयुक्त मुहावरा छाँटिए।

Q. 6 of Quiz- (Que-ID : 996)

कपटी लोग मित्र के धनी होने पर आंखे फेर लेते हैं -

  • पीठ दिखाना
  • अंगूठा दिखाना
  • हाल पतला होना
  • आंखें बदलना

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Q. 44 of Quiz- (Que-ID : 615)

Which organ in the human body helps to maintain balance ?

  • Heart
  • Liver
  • Ear
  • Brain

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Directions : Choose the correct formula for compound interest

Q. 5 of Quiz- (Que-ID : 4670)

What is the formula for calculating compound interest annually?

  • A = P(1 + R/100)^T
  • A = P + (R x T) / 100
  • A = P x R x T
  • A = P x T x (R / 100)

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Q. 9 of Quiz- (Que-ID : 580)

Light from the sun reaches us in nearly

  • 5 min
  • 4.30 hrs
  • 5.30 hrs
  • 8 min

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Q. 21 of Quiz- (Que-ID : 1011)

'आ बैल मुझे मार' लोकोक्ति का सही अर्थ है -

  • छेड़छाड़ करना
  • जानबूझकर मुसीबत में पड़ना
  • व्यर्थ ही किसी को गाली देना
  • बैल के सामने बैठ जाना

Discuss View Answer

Directions : Choose the correct number of compounding periods

Q. 9 of Quiz- (Que-ID : 4655)

In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:

  • 1
  • 2
  • 3
  • 4

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Q. 38 of Quiz- (Que-ID : 609)

In human body percentage of which element is highest?

  • Hydrogen
  • Nitrogen
  • Carbon
  • Oxygen

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Q. 9 of Quiz- (Que-ID : 433)

Nagarjuna Sagar 
Dam (1967) is situated on which River ?

  • Krishna
  • Kaveri
  • Mahandi
  • Ravi

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Directions : SSC 2019 question

Q. 12 of Quiz- (Que-ID : 4654)

The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

  • ₹2,880
  • ₹2,400
  • ₹3,000
  • ₹2,700

Discuss View Answer

Q. 33 of Quiz- (Que-ID : 604)

Which of the following is not a Reptile ?

  • Green-turtle
  • Crocodile
  • Salamandra
  • Garden Lizard

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Directions : SSC 2020 question

Q. 18 of Quiz- (Que-ID : 4666)

At what rate will ₹10,000 amount to ₹11,000 in 2 years at compound interest?

  • 4.88%
  • 5%
  • 9.53%
  • 10%

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Q. 42 of Quiz- (Que-ID : 613)

AIDS is caused by 

  • Helminth
  • Bacteria
  • Fungus
  • Virus

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Directions : (प्रश्न 16 से 20) प्रत्येक प्रश्न में दिए गए वाक्य को व्यक्त करने के लिए  उपयुक्त लोकोक्ति का चयन कीजिए।

Q. 19 of Quiz- (Que-ID : 1009)

चाहने वाले कि इच्छा ही सर्वोपरि होती है | इस वाक्य के लिए उपयुक्त लोकोक्ति है-

  • अपना हाथ जगन्नाथ
  • पिया चाहे सो सुहागिन
  • मीटौ सोई जो जाहि भावै
  • बिंध गया सो मोती

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Directions : (प्रश्न 11 से 15) दी गयी लोकोक्तियो के लिए नीचे दी गये चार विकल्पों में से उपयुक्त अर्थ का चयन कीजिए।

Q. 11 of Quiz- (Que-ID : 1001)

आये थे हरि भजन को ओटन लगे कपास -

  • साधुओं की संगति छोड़ देना
  • गृहस्थी के झंझटों में फंस जाना
  • वांछित कार्य छोड़कर अन्य कार्यों में लग जाना
  • भक्ति छोड़कर व्यापार करने लगना

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Directions :

Q. 11 of Quiz- (Que-ID : 561)

The air becomes heated by-

  • Conduction
  • Convection
  • Radiation
  • Expansion

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Directions : Time and distance based problem

Q. 2 of Quiz- (Que-ID : 413)

A train running at 90 km/hr crosses a pole in 10 seconds. What is the length of train?

  • 250 m
  • 150 m
  • 900 m
  • none of these

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Q. 16 of Quiz- (Que-ID : 570)

Which Color has the Longest Wavelength?

  • Violet
  • Yellow
  • Red
  • White

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Q. 22 of Quiz- (Que-ID : 576)

In a freezer ice cubes will be formed more quickly in trays made of 

  • rubber
  • plastic
  • aluminium
  • wood

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Q. 6 of Quiz- (Que-ID : 430)

Which of the river flows toward ARABIAN SEA ?

  • Ganga
  • Kaveri
  • Krishna
  • Tapti

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Q. 17 of Quiz- (Que-ID : 571)

Which liquid is the most viscous?

  • Water
  • Diesel
  • Milk
  • Oil

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Q. 3 of Quiz- (Que-ID : 563)

 Which of the following is the most viscous medium?

  • Coaltar
  • Water
  • Alcohol
  • Air

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Q. 23 of Quiz- (Que-ID : 577)

What is the full form of "RADAR" ?

  • Radio Detecting and Ranging
  • Region Device and Ranging
  • Radio Detect and Rangs
  • Radio Device and Ranging

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Q. 20 of Quiz- (Que-ID : 591)

Vinegar is also known as -

  • ethanoic acid
  • nitric acid
  • sulphuric acid
  • tartaric acid

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Directions : Calculate the final amount after 3 years

Q. 6 of Quiz- (Que-ID : 4667)

If a sum of ₹2,000 is invested at an interest rate of 6% per annum compounded annually for 3 years, what will be the amount after 3 years?

  • ₹2,120
  • ₹2,382.03
  • ₹2,000
  • ₹2,500

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Directions : SSC 2022 question

Q. 11 of Quiz- (Que-ID : 4664)

A sum of ₹8,000 amounts to ₹9,261 in 2 years at compound interest. What is the rate of interest?

  • 5%
  • 7.5%
  • 10%
  • 12.5%

Discuss View Answer

Q. 18 of Quiz- (Que-ID : 589)

Which one of the following is the largest composition in biogas ?

  • Carbon dioxide
  • Methane
  • Hydrogen
  • Hydrogen sulphide

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Directions : Choose the correct base for compound interest

Q. 4 of Quiz- (Que-ID : 4662)

Compound interest is calculated on:

  • Principal only
  • Principal and accrued interest
  • Rate of interest
  • Time period only

Discuss View Answer

Q. 41 of Quiz- (Que-ID : 612)

The exposed skin of our body starts cracking in winter season due to

  • rainy season,
  • high humidity
  • summer season
  • low humidity

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Directions : SSC 2019 question

Q. 12 of Quiz- (Que-ID : 4654)

The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

  • ₹2,880
  • ₹2,400
  • ₹3,000
  • ₹2,700

Discuss View Answer

Q. 23 of Quiz- (Que-ID : 594)

Plaster of Paris is made up of -

  • Marble
  • Cement
  • Gypsum
  • Limestone

Discuss View Answer

Directions : (प्रश्न 16 से 20) प्रत्येक प्रश्न में दिए गए वाक्य को व्यक्त करने के लिए  उपयुक्त लोकोक्ति का चयन कीजिए।

Q. 18 of Quiz- (Que-ID : 1008)

विवशतावश कोई काम करना, इस वाक्य को व्यक्त करने के लिए उपयुक्त लोकोक्ति है -

  • रपट पड़े की हर गंगा
  • दबी बिल्ली चूहे से कान कटाती है
  • वक़्त पर गधे को भी बाप कहा जाता है
  • उतर गयी लोई तो क्या करेगा कोई

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Directions : (प्रश्न 1 से 5 ) दिए गए 4 विकल्पों में से मुहावरे का सही अर्थ छाँटिए।

Q. 4 of Quiz- (Que-ID : 994)

बाल धूप में सफेद होना -

  • बुढ्ढा होना
  • रोगी होना
  • उम्र के अनुसार अनुभवी न होना
  • अत्यधिक समझदार होना

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Q. 45 of Quiz- (Que-ID : 616)

Hemoglobin is the protein inside red blood cells that carries 

  • Oxygen
  • Carbon dioxide
  • Nitrogen
  • Ozone

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Q. 7 of Quiz- (Que-ID : 997)

सच्चे न्याय के लिए कौन सा मुहावरा उपयुक्त है?

  • दूध का दूध पानी का पानी
  • गागर में सागर भरना
  • एक पंथ दो काज
  • चूल से चूल भिड़ाना

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Directions : DSSSB 2021 question

Q. 20 of Quiz- (Que-ID : 4668)

The compound interest on ₹4,000 for 2 years at 5% per annum compounded annually is:

  • ₹410
  • ₹400
  • ₹420
  • ₹450

Discuss View Answer