Compound interest problems Practice Question and Answer
8 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?
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642c09339d18d2e8ae27ac14- 1₹48false
- 2₹64false
- 3₹32true
- 4₹20false
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Answer : 3. "₹32 "
Q: The interest compounded annually on a sum of Rs. 56000 at a rate of 7% p.a. after 3 years is what percentage of the simple interest on a sum of Rs. 72000 at a rate of 9% p.a. after 5 years?
707 064f843d36e0e55b91d9be7c3
64f843d36e0e55b91d9be7c3- 132.22%false
- 234.44%false
- 335.55%false
- 437.77%false
- 538.88%true
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Answer : 5. " 38.88%"
Explanation :
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.
705 06433dac01ce944a93e967b28
6433dac01ce944a93e967b28- 1₹ 5false
- 2₹ 10false
- 3₹ 7.5true
- 4₹ 12.5false
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Answer : 3. "₹ 7.5 "
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?
690 0643d1b8572ca731a99393d9c
643d1b8572ca731a99393d9c- 1₹2500false
- 2₹2000true
- 3₹2400false
- 4₹3600false
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Answer : 2. "₹2000"
Q: The lengths of the three sides of a right-angled triangle are (x - 1) cm, (x +1) cm and (x + 3) cm, respectively. The hypotenuse of the right-angled triangle (in cm) is:
669 0646dd573cdae930acb948d75
646dd573cdae930acb948d75- 16false
- 210true
- 312false
- 47false
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Answer : 2. "10"
Q: A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is ₹5,808, then the total interest charged in this scheme is:
616 064c8d80a3fde307e3f4f4043
64c8d80a3fde307e3f4f4043- 1₹1,563false
- 2₹1,536true
- 3₹1,632false
- 4₹1,602false
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Answer : 2. "₹1,536"
Q: Rahul invested equal sums of money at compound interest under two schemes A and B. Under scheme A, the interest rate was 10% per annum and under scheme B, the interest rate was 12% p.a. The compound interest after two years on the sum invested in scheme A was ₹1,050. How much is the interest earned under scheme B after two years, if the interest is compounded annually in both schemes?
616 064ccdbcca665bacf81bbd361
64ccdbcca665bacf81bbd361- 1₹1,722false
- 2₹1,270false
- 3₹1,272true
- 4₹1,372false
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Answer : 3. "₹1,272"
Q: The rate of interest for the first 2 years is 6% p.a., for the next 3 years is 10% p.a., and for the period beyond 5 years is 12% p.a. If a person gets ₹12,771 as simple interest after 7 years, then how much money did he invest?
595 064c76787a919c8488e1e2e8d
64c76787a919c8488e1e2e8d- 1₹20,000false
- 2₹19,350true
- 3₹19,450false
- 4₹19,300false
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