Compound Interest Questions and Answers
A man invested a sum of money in Scheme A, at a rate of 15% per annum for simple interest, at the end of 2 years the amount received by him is invested in scheme B at 20% per annum for compound interest. If the interest received by him from scheme B at the end of 2 years is Rs. 2860, then find the sum invested by man in the beginning?
(A) 5000
(B) 6500
(C) 3250
(D) None of these
Correct Answer : A
The difference between the simple and the compound interest compounded every six months at the rate of 10 %.p.a. at the end of two years is Rs. 124.05. What is the sum?
(A) Rs 10,000
(B) Rs 6,000
(C) Rs 12,000
(D) Rs 8,000
Correct Answer : D
Find the difference between compound interest and simple interest on a sum of Rs.48000 at the rate of 15% per annum for three years.
(A) Rs. 3200
(B) Rs. 3204
(C) Rs. 3402
(D) Rs. 3202
(E) None of these
Correct Answer : C
On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is
(A) Rs. 8750
(B) Rs. 5780
(C) Rs. 1080
(D) Rs. 7805
Correct Answer : A
Two different amounts are invested in two schemes. In scheme A, amount X is invested at 8 % per annum and in scheme B amount (X+1400) is invested at 12% per annum. After 2 years difference between both interests is 880, then find value of X?
(A) 7200
(B) 5500
(C) 6800
(D) 7300
(E) None of these
Correct Answer : C
Sanjay invested Rs. 48000 in two different parts one at 10% CI (Compounded half yearly) and another one at 15% SI. At the end of the year he received total interest Rs. 5490, then find the amount invested in SI?
(A) 18000
(B) 12000
(C) 22000
(D) 25000
(E) None of these
Correct Answer : B
At what rate will a sum of Rs. 1000 amounts to Rs.1102.50 in 2 years at compound interest?
(A) 6.5%
(B) 6 %
(C) 5%
(D) 5.5%
(E) None of these
Correct Answer : C
Sanjana invested Rs. 15000 in SI at the rate of 2x% per annum for two years and the same amount is invested in CI at the same rate of interest if she received Rs.150 more interest than S.I, then find the rate of interest per annum?
(A) 10 %
(B) 14 %
(C) 12 %
(D) 16 %
(E) None of these
Correct Answer : A
Rs. 10,000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half yearly.
(A) 14600
(B) 12500
(C) 14642
(D) 14641
Correct Answer : D
The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is
(A) Rs. 1331
(B) Rs. 331
(C) Rs. 300
(D) Rs. 1300
Correct Answer : B