CET Simple and Compound Interest Questions with Solutions – Page 2
All 21 Simple and Compound Interest questions from MBA CET 2025 and 2026 papers. Tap Show answer, or open the detailed solution (free login). Page 2 of 5.
- Rs. 100
- Rs. 110
- Rs. 105
- Rs. 102.50
- Rs. 112.50
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Answer: D. Rs. 102.50
Ritika borrowed some money at the rate of 6% per annum for the first 3 years, 9% per annum for the next 5 years, and 13% per annum for the remaining period.
If she paid a total simple interest of ₹8,160 at the end of 11 years, how much money did she borrow?
- ₹8,000
- ₹9,000
- ₹10,000
- ₹12,000
- ₹15,000
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Answer: A. ₹8,000
The population of a town increases at a rate of 12% per annum.
If a population of a town was 7,500 at the end of 2018, what will be its population at the end of 2021?
- 10,368
- 10,537
- 10,684
- 10,752
- 10,920
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Official CET answer: B. 10,537
Cetking's answer: A. 10,368 — it differs from the official key; the detailed solution shows the working.
Find the compound interest on ₹1250 for 1½ years at 5% per annum, if interest is payable semi-annually.
- ₹96.11
- ₹91.24
- ₹95.31
- ₹100.01
- ₹120.22
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Official CET answer: A. ₹96.11
Cetking's answer: C. ₹95.31 — it differs from the official key; the detailed solution shows the working.
At what annual interest rate, compounded yearly, will $80,000 amount to $88,200 in 2 years?
- 4%
- 4.5%
- 5%
- 5.5%
- 6 %
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Answer: C. 5%