Compound interest questions Practice Question and Answer
8 Q: The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited?
500 064dcbe5a462ecdc3adb4aa4c
64dcbe5a462ecdc3adb4aa4c- 1Rs. 6,000true
- 2Rs. 4,800false
- 3Rs. 3,600false
- 4Rs. 2,400false
- 5Rs. 3,400false
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Answer : 1. "Rs. 6,000"
Q: A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’.
580 064d4bb50d02c5c746bdc5bfb
64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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Answer : 2. " Rs. 1500"
Q: A certain sum is lent at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the simple interest obtained is ₹27,600, then the sum is (in ₹):
429 064bfb7ec2d3130f57553f325
64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true
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Answer : 4. "30,000"
Q: The compound interest on a sum of ₹5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly, is:
435 064ba503e2d3130f57542e6ec
64ba503e2d3130f57542e6ec- 1₹1,850false
- 2₹1,880false
- 3₹1,820.50true
- 4₹1,773.75false
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Answer : 3. "₹1,820.50"
Q: Surekha borrowed a sum of money and returned it in two equal annual instalments of ₹5,547 each. If the rate of interest was $$7{1\over 2}\%$$ p.a. compounded yearly, then the total interest paid by her was:
705 064b90dc8568e7ff594bdd92c
64b90dc8568e7ff594bdd92c- 1₹1,144false
- 2₹1,096false
- 3₹1,126false
- 4₹1,134true
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Answer : 4. "₹1,134"
Q: Rajnish borrowed ₹1,500 from a bank and repaid the entire amount with interest in two equal annual instalments, the first instalment being paid a year after Rajnish borrowed from the bank. If the rate of interest was 40% per annum, compounded annually, then what was the value (in ₹) of each instalment paid by Rajnish?
3272 064b504fd36fc1bf576508650
64b504fd36fc1bf576508650- 11125false
- 21470false
- 31225true
- 41350false
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Answer : 3. "1225"
Q: What is the compound interest on a sum of ₹25,000 after three years at a rate of 12 per cent per annum interest compounded yearly?
507 064a5420965d2524cbf0bef36
64a5420965d2524cbf0bef36- 1₹10,123.20true
- 2₹9,824.00false
- 3₹10,520.00false
- 4₹9,956.86false
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Answer : 1. "₹10,123.20 "
Q: What is the difference (in ₹) between the simple interest and the compound interest on a sum of ₹8000 for $$32{2\over 5}$$ years at the rate of 10% p.a., when the interest is compounded yearly?
451 06489baaaf4063d472f4b2c68
6489baaaf4063d472f4b2c68- 1147.20true
- 2152.80false
- 3155false
- 4150false
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