Compound interest problems Practice Question and Answer

Q: What would be the compound interest obtained on an amount of Rs.1250 at the rate of 8 percent per annum after 2 years? 2883 1

  • 1
    Rs.200
    Correct
    Wrong
  • 2
    Rs.208
    Correct
    Wrong
  • 3
    Rs.212
    Correct
    Wrong
  • 4
    Rs.220
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs.208"
Explanation :

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Q: Find the compound interest on Rs.6250 at 12% per annum rate for one year if interest is calculated on half yearly basis. 2192 0

  • 1
    Rs 772.50
    Correct
    Wrong
  • 2
    Rs 772
    Correct
    Wrong
  • 3
    Rs 662
    Correct
    Wrong
  • 4
    Rs 663
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 772.50"
Explanation :

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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______

2020 0

  • 1
    Rs.1792
    Correct
    Wrong
  • 2
    Rs.448
    Correct
    Wrong
  • 3
    Rs.3584
    Correct
    Wrong
  • 4
    Rs.896
    Correct
    Wrong
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Answer : 1. "Rs.1792 "

Q: Mr Amin borrowed a certain sum from Mr Visvas. He borrowed for first 2 year at 8% per annum, for next 3 years at 11% per annum and beyond that at 14% per annum. Mr Amin paid Rs 10,920 as Simple interest in 8 years. Find how much he had borrowed? 1997 0

  • 1
    Rs 12000
    Correct
    Wrong
  • 2
    Rs 15000
    Correct
    Wrong
  • 3
    Rs 14000
    Correct
    Wrong
  • 4
    Data insufficient
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 12000"
Explanation :

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Q: What amount of compound interest can be obtained on the principal amount of Rs. 15800 at the rate of 6 percent per annum at the end of 2 years? 1993 0

  • 1
    Rs 1,896
    Correct
    Wrong
  • 2
    Rs.2012.48
    Correct
    Wrong
  • 3
    Rs. 1952.88
    Correct
    Wrong
  • 4
    Rs.1,956
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 1952.88"

Q: The difference between C.I and S.I is Rs 200 at 5% for 2 years. Find the principal? 1803 2

  • 1
    80,000
    Correct
    Wrong
  • 2
    40,000
    Correct
    Wrong
  • 3
    20,000
    Correct
    Wrong
  • 4
    10,000
    Correct
    Wrong
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Answer : 1. "80,000"
Explanation :

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Q: The simple interest accrued on an amount of Rs 15,000 at the end of three year is Rs 2,250. What would be the compound interest accrued on the same amount at the same rate in the same period? 1772 0

  • 1
    Rs 8934.6784
    Correct
    Wrong
  • 2
    Rs 8017.5744
    Correct
    Wrong
  • 3
    Rs 7861.8754
    Correct
    Wrong
  • 4
    Cannot be determined
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 5. "None of these"

Q: A certain sum amounts to Rs 1308 in 3 years, while it becomes Rs 1380 in 5 years. Find the principal. 1645 1

  • 1
    Rs 1100
    Correct
    Wrong
  • 2
    Rs 1200
    Correct
    Wrong
  • 3
    Rs 1300
    Correct
    Wrong
  • 4
    Rs 1400
    Correct
    Wrong
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Answer : 2. "Rs 1200"
Explanation :

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