Compound Interest Questions and Answers
Compound interest is a common topic in banking exams and all most other competitive exams. Here are the given compound interest problems which are important from the perspective of SSC and Banking exams. Also here are the problems on compound interest with solutions in different kind of ways which taking more time to solve.
Compound Interest Questions
Here, I am sharing Compound Interest Questions and Answers under the Aptitude and General Math section for those learners who are preparing for upcoming competitive exams.
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Compound Interest Questions and Answers
Q : If the present worth of a certain sum due 2 years hence at 10% per annum at a compound interest principal is Rs. 2500, find the amount.
(A) Rs. 2400
(B) Rs. 3025
(C) Rs. 2420
(D) Rs. 4220
Correct Answer : A
The compound interest on a certain sum for first two successive years are Rs. 100 and Rs. 172 respectively. Find the rate of interest.
(A) 63%
(B) 72%
(C) 55%
(D) 10%
Correct Answer : D
What will be the compound interest on Rs 10000 for 3 years when the rate of interest is 4% in the first year, 5% in the second year and 6% in the third year?
(A) 1600
(B) 1625.5
(C) 1575.2
(D) 2000
Correct Answer : C
What will be the difference between the compound interest and the simple interest on a sum of 1000 for 2 years at 5% per annum?
(A) 2
(B) 2.5
(C) 3
(D) 3.5
Correct Answer : B
What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?
(A) 34846
(B) 34481
(C) 19448
(D) 37946
Correct Answer : B
₹26100 is divided between Mohan and Shyam so that the interest that Mohan receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4% per annum then Mohan's share is :
(A) ₹8,500
(B) ₹17,400
(C) ₹8,700
(D) ₹19,000
Correct Answer : D
A sum of ₹4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is ₹352. The sum lent at 8% is
(A) ₹2900
(B) ₹2200
(C) ₹2400
(D) ₹3100
Correct Answer : C
On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
(A) Rs 1500
(B) Rs. 1200
(C) Rs. 1100
(D) Rs. 1000
Correct Answer : D
In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
(A) 3 years
(B) 5 years
(C) 2 years
(D) 4 years
Correct Answer : C
A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is –
(A) Rs 9727
(B) Rs 2432
(C) Rs 4864
(D) Rs 1216
Correct Answer : C
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Rajesh Bhatia
A Writer, Teacher and GK Expert. I am an M.A. & M.Ed. in English Literature and Political Science. I am highly keen and passionate about reading Indian History. Also, I like to mentor students about how to prepare for a competitive examination. Share your concerns with me by comment box. Also, you can ask anything at linkedin.com/in/rajesh-bhatia-7395a015b/.
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