Compound interest questions Practice Question and Answer
8 Q: The difference between compound interest and simple interest on a sum of money for 3 years at 8% per annum is Rs. 354.80. Find the sum.
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604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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Answer : 2. "Rs. 18000"
Q: 1261 in 3 years at the rate of 5 percent annual interest on a sum of money. Interest is received by compound . money will be
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603740a69d90e74af72ae9da- 19000false
- 28400false
- 37500false
- 48000true
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Answer : 4. "8000"
Q: Find the compound interest on a sum of Rs. 46875 for 2 years at 12% p.a, if interest is compounded 8 months?
889 0602e40f06d461f66398818f5
602e40f06d461f66398818f5- 114174false
- 210174false
- 312174true
- 413174false
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Answer : 3. "12174 "
Q: In how many years will Rs 2000 become Rs 2420 at 10 percent compound annual interest?
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602df94f6ea6434ffa7b289b- 13false
- 2$$ {2{1\over 2}}$$false
- 32true
- 4$$ {1{1\over 2}}$$false
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Answer : 3. "2"
Q: Mr. Rajesh invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -
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6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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Answer : 1. "Rs.15000 "
Q: A lent some money from B and paid 1,573 after$$ {1{1\over 2}}$$ yr . Also B lent some money from A and paid 1444.50 after 6 months. If they want to settle the account forthwith, keeping 14 % as the rate of interest, then who should pay whom and how much?
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600e8f12178b94051cdf9f27- 1A to B Rs. 28.50false
- 2B to A Rs. 3750false
- 3A to B Rs.50false
- 4B to A Rs.50true
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Answer : 4. "B to A Rs.50 "
Q: What will be the compound interest (nearest to Rs. 1 on a sum of Rs. 25,000 for 2 years at 12% p.a., if the interest is compounded 8-monthly?
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6007eca4d6101033e1724f9f- 1Rs. 6.349false
- 2Rs. 6,493true
- 3Rs. 6,394false
- 4Rs. 6,439false
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Answer : 2. "Rs. 6,493"
Q: A person invested 1100 in a company at compound interest compounded semi-annually. He received 1331 after one year. The rate of interest per annum is
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60068c0e7a0c6e1017e01071- 111%false
- 220%true
- 35%false
- 410%false
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