Compound interest problems Practice Question and Answer

Q: A certain sum amounts to Rs 1308 in 3 years, while it becomes Rs 1380 in 5 years. Find the principal. 1641 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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Q: Difference between C.I and S.I for 3 years at 10% is Rs 465. Find the principal. 1429 1

  • 1
    15000
    Correct
    Wrong
  • 2
    12000
    Correct
    Wrong
  • 3
    14000
    Correct
    Wrong
  • 4
    13000
    Correct
    Wrong
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Answer : 1. "15000"

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:

486 0

  • 1
    ₹1,563
    Correct
    Wrong
  • 2
    ₹1,536
    Correct
    Wrong
  • 3
    ₹1,632
    Correct
    Wrong
  • 4
    ₹1,602
    Correct
    Wrong
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Answer : 2. "₹1,536"

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: What will be compound interest-on, a sum of Rs 1000 at die rate of 10 percent per annum after 5 year? 1204 0

  • 1
    Rs 610.51
    Correct
    Wrong
  • 2
    Rs 559.45
    Correct
    Wrong
  • 3
    Rs 665.50
    Correct
    Wrong
  • 4
    Rs 665.51
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 610.51"
Explanation :

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Q: Sudhanshu invested Rs.15,000 at interest 10 percent at per annum for one year. If the interest is compounded every six months what amount will Sudhanshu get at the end of the year? 1353 0

  • 1
    Rs. 16,537.50
    Correct
    Wrong
  • 2
    Rs.16,500
    Correct
    Wrong
  • 3
    Rs. 16,525.50
    Correct
    Wrong
  • 4
    Rs.18,150
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 16,537.50 "

Q: Difference between C.I and S.I is Rs.35 at 5% per annum for 2 years. What is the principal? 1421 1

  • 1
    14,000
    Correct
    Wrong
  • 2
    12,000
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    15,000
    Correct
    Wrong
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Answer : 1. "14,000"

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Answer : 3. "₹1,272"

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