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Compound Interest Questions and Answers for Banks Exam and SSC

4 years ago 24.2K Views
Q :  

A sum of money placed at compound interest triples itself in 9 year. In how many years will if amount to 243 times itself?

(A) 27 years

(B) 36 years

(C) 45 years

(D) 54 years

Correct Answer : C

Q :  

What is a difference between simple interest and compound interest in 1 year at a rate of 10 percent on an amount of Rs. 1200. If interest is half yearly compounded?

(A) 5 Rupees

(B) 6 Rupees

(C) 3 Rupees

(D) 9 Rupees

Correct Answer : C

Q :  

A bank offers a 20% compound interest per half year . A customer deposits Rs. 2800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is______

(A) Rs.1792

(B) Rs.448

(C) Rs.3584

(D) Rs.896

Correct Answer : A

Q :  

If a sum of money becomes 8 times in 9 years at compound interest annually, in how much time it will become 32 times?

(A) 15 year

(B) 20 year

(C) 25 year

(D) None of these

Correct Answer : D

Q :  

There is 80% increase in amount in 5 years at simple interest. What will be the compound interest of Rs. 20,000 after 3 years at the same rate?

(A) Rs.1000

(B) Rs.11217.92

(C) Rs.11717.20

(D) Rs.13217.92

Correct Answer : B

ask me in the comment section, If you face any problem while solving compound interest questions. All the best.

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