The CAT QA section requires speed and accuracy, along with a thorough understanding of the SI & CI. This article provides a set of MCQs on SI & CI to help you understand the topic and improve your problem-solving skills with the help of detailed solutions by ensuring conceptual clarity, which will help you in the CAT 2025 exam preparation
Whether you're revising the basics or testing your knowledge, these MCQs will serve as a valuable practice resource.
The CAT 2025 exam is expected to follow a similar trend to the CAT 2024, with 22 questions from the QA section out of a total of 68 questions.
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CAT MCQs on SI & CI
1. Anil invests Rs. 22000 for 6 years in a certain scheme with 4% interest per annum, compounded half-yearly. Sunil invests in the same scheme for 5 years, and then reinvests the entire amount received at the end of 5 years for one year at 10% simple interest. If the amounts received by both at the end of 6 years are same, then the initial investment made by Sunil, in rupees, is
A
40008
B
20008
C
20808
D
10808
2. Anil borrows Rs 2 lakhs at an interest rate of 8% per annum, compounded half-yearly. He repays Rs 10320 at the end of the first year and closes the loan by paying the outstanding amount at the end of the third year. Then, the total interest, in rupees, paid over the three years is nearest to
A
33130
B
40991
C
51311
D
51311
3. Veeru invested Rs 10000 at 5% simple annual interest, and exactly after two years, Joy invested Rs 8000 at 10% simple annual interest. How many years after Veeru’s investment, will their balances, i.e., principal plus accumulated interest, be equal? [This Question was asked as TITA]
A
12
B
10
C
13
D
15
4. A person invested a certain amount of money at 10% annual interest, compounded half-yearly. After one and a half years, the interest and principal together became Rs 18522. The amount, in rupees, that the person had invested is [This Question was asked as TITA]
A
15000
B
17000
C
16000
D
18000
5. Raj invested a certain sum of money in two schemes. The first scheme offers a simple interest of 10% per annum, and the second scheme offers a simple interest of 12% per annum. If the total interest earned from both schemes after 3 years is Rs. 1980, and the ratio of the amounts invested in the two schemes is 5:4, what is the amount invested in the second scheme?
A
2500
B
2300
C
2700
D
2900
6. Vrushali invested Rs. (X + 3000) on compound interest of r% p.a. compounded annually for 2 years and Tarushi invested Rs. (X - 2000) on simple interest of (r - 2)% p.a. for 3 years. The total interest received by both of them is together Rs. 12360. If Anant invested Rs. (X + 8000) on simple interest for 3 years on 15% and received an interest of Rs. 13500, find the value of ‘r’.
A
10
B
18
C
12
D
15
7. Vrushali invested Rs. (X+3000) on compound interest of r% p.a. compounded annually for 2 years and Tarushi invested Rs. (X – 2000) on simple interest of (r-2)% p.a. for 3 years. The total interest received by both of them is together Rs. 12360. If Anant invested Rs. (X + 8000) on simple interest for 3 years on 15% and received an interest of Rs. 13500, find the value of ‘r’.
A
10
B
18
C
12
D
15
8. Scheme A offers 25% interest and scheme B offers 20% interest. M invested Rs.4000 in scheme A and Rs.6000 in scheme B at compound interest. After 2 years, he invested the amount received from scheme A and B in schemes B and A respectively at simple interest for 2 more years. If another person N invested Rs.6000 in scheme A and Rs.4000 in scheme B at compound interest. After 2 years, he invested the amount received from scheme A and B in schemes B and A respectively at simple interest for 2 more years, then what is the difference between total amount received by M and N after 4 years?
A
Rs 110
B
Rs 55
C
Rs 135
D
Rs 275
9. An amount of Rs 10000 is deposited in bank A for a certain number of years at a simple interest of 5% per annum. On maturity, the total amount received is deposited in bank B for another 5 years at a simple interest of 6% per annum. If the interests received from bank A and bank B are in the ratio 10 : 13, then the investment period, in years, in bank A is
A
5
B
3
C
6
D
4
10. Anil invests Rs 22000 for 6 years in a scheme with 4% interest per annum, compounded half-yearly. Separately, Sunil invests a certain amount in the same scheme for 5 years, and then reinvests the entire amount he receives at the end of 5 years, for one year at 10% simple interest. If the amounts received by both at the end of 6 years are equal, then the initial investment, in rupees, made by Sunil is
A
20640
B
20808
C
20860
D
20480
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