Get Started

Compound Interest Questions and Answers for Banks Exam and SSC

4 years ago 24.2K Views

Compound interest questions and answers for competitive exams

Q :  

A principal increases by 21% over 2 years with compound interest. What will be the simple interest in 4 years at the same interest rate of Rs 1000?

(A) 320

(B) 350

(C) 400

(D) 420

Correct Answer : C

Q :  

If the compound interest rate is 20% per annum compounded half yearly, then what will be the interest for two years on the principal of Rs. 100000?

(A) 46,410

(B) 44,000

(C) 21,000

(D) 33,100

Correct Answer : A

Q :  

What will be compound interest on a sum of Rs. 1000 at the rate of interest 10% after 5 years?

(A) Rs. 610.51

(B) Rs. 559.45

(C) Rs. 665.50

(D) Rs. 665.51

Correct Answer : A

Q :  

Rs.4000 becomes Rs. 5000 in 4 years at a certain rate of compound interest. What will be the sum at the end of 12 years?

(A) Rs. 7712.50

(B) Rs. 7812.50

(C) Rs. 7612.50

(D) Rs. 7512.50

Correct Answer : B

Q :  

The simple interest on Rs. 12000 at a certain rate of interest in five years is Rs. 7200. Find the compound interest on the same amount for five years at the same rate of interest.

(A) Rs. 3502.80

(B) Rs. 3052.40

(C) Rs. 3054.80

(D) Rs. 3052.80

Correct Answer : D

Related categories

Very important related articles. Read now

The Most Comprehensive Exam Preparation Platform

Get the Examsbook Prep App Today