Compound interest problems Practice Question and Answer
8 Q: A sum invested at a certain rate of interest per annum, compounded annually, amounts to ₹3,600 in 2 years and to ₹6,480 in 4 years. What is the sum invested?
588 0643d1b8572ca731a99393d9c
643d1b8572ca731a99393d9c- 1₹2500false
- 2₹2000true
- 3₹2400false
- 4₹3600false
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Answer : 2. "₹2000"
Q: On a certain sum of money, the simple interest for 2 years is ₹150 at the rate of 10% per annum. What is the difference between the compound interest and the simple interest for 2 years if, in the case of compound interest, interest is compounded annually at the rate of 10% per annum.
573 06433dac01ce944a93e967b28
6433dac01ce944a93e967b28- 1₹ 5false
- 2₹ 10false
- 3₹ 7.5true
- 4₹ 12.5false
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Answer : 3. "₹ 7.5 "
Q: Umesh earns a simple interest of ₹1,600 on a certain sum in two years at the rate of 4% per annum. How much more interest would he have earned if he had invested the same sum at 4% interest per annum, compounded annually?
724 0642c09339d18d2e8ae27ac14
642c09339d18d2e8ae27ac14- 1₹48false
- 2₹64false
- 3₹32true
- 4₹20false
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Answer : 3. "₹32 "
Q: Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a payable annually.
793 0607d39b5a4edf93f6177ca21
607d39b5a4edf93f6177ca21- 145false
- 232true
- 357false
- 484false
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Answer : 2. "32"
Q: The difference between CI and SI on a sum of money for 3 years at 5% per annum is Rs.61. Find the sum.
1159 060377047cd43d04a8f4b81d8
60377047cd43d04a8f4b81d8- 1₹ 6000false
- 2₹ 8000true
- 3₹ 4000false
- 4₹ 4680false
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Answer : 2. "₹ 8000"
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______
2033 05f328262a19eae5979ff57c2
5f328262a19eae5979ff57c2- 1Rs.1792true
- 2Rs.448false
- 3Rs.3584false
- 4Rs.896false
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Answer : 1. "Rs.1792 "
Q: A sum of Rs. 12,000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years?
1015 05f1a89e98ae6514e222c47ce
5f1a89e98ae6514e222c47ce- 1Rs.1,50,000true
- 2Rs.1,92,000false
- 3Rs.1,44,000false
- 4Rs.1,20,000false
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Answer : 1. "Rs.1,50,000 "
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? 2001 05d11edcb557b295f691f651c
5d11edcb557b295f691f651c- 1Rs 1,896false
- 2Rs.2012.48false
- 3Rs. 1952.88true
- 4Rs.1,956false
- 5None of thesefalse
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