Compound Interest Questions 2020
The compound interest on a certain sum of money invested for 2 years at 5 % per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be
(A) Rs . 320
(B) Rs . 308
(C) Rs . 300
(D) Rs . 287
Correct Answer : A
What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?
(A) 618
(B) 612
(C) 624
(D) 606
(E) 621
Correct Answer : B
Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is –
(A) Rs. 125000
(B) Rs. 135200
(C) Rs. 152000
(D) Rs. 108200
Correct Answer : B
Find compound interest on Rs. 50000 at 12 % per annum for 6 months, compounded quarterly.
(A) Rs.3045 / ₹ 3045
(B) Rs.2875 / ₹ 2875
(C) Rs.3125 / ₹3125
(D) Rs.2965 / ₹ 2965
Correct Answer : A
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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Gajanand
B-Tech Electronic and Communication Engineering select the SSC CGL Tier-1 and Tier-2 in 2016 and Rajasthan state Govt. Exams Expert in Mathematics , Reasoning Gk and English.
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