Compound interest questions Practice Question and Answer

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.

769 0

  • 1
    Rs. 15000
    Correct
    Wrong
  • 2
    Rs. 18000
    Correct
    Wrong
  • 3
    Rs. 32000
    Correct
    Wrong
  • 4
    Rs. 27000
    Correct
    Wrong
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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

733 0

  • 1
    9000
    Correct
    Wrong
  • 2
    8400
    Correct
    Wrong
  • 3
    7500
    Correct
    Wrong
  • 4
    8000
    Correct
    Wrong
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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?

844 0

  • 1
    14174
    Correct
    Wrong
  • 2
    10174
    Correct
    Wrong
  • 3
    12174
    Correct
    Wrong
  • 4
    13174
    Correct
    Wrong
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Answer : 3. "12174 "

Q:

In how many years will Rs 2000 become Rs 2420 at 10 percent compound annual interest?

750 0

  • 1
    3
    Correct
    Wrong
  • 2
    $$ {2{1\over 2}}$$
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    $$ {1{1\over 2}}$$
    Correct
    Wrong
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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 -

772 0

  • 1
    Rs.15000
    Correct
    Wrong
  • 2
    Rs.16500
    Correct
    Wrong
  • 3
    Rs.12000
    Correct
    Wrong
  • 4
    Rs.13500
    Correct
    Wrong
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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?

773 0

  • 1
    A to B Rs. 28.50
    Correct
    Wrong
  • 2
    B to A Rs. 3750
    Correct
    Wrong
  • 3
    A to B Rs.50
    Correct
    Wrong
  • 4
    B to A Rs.50
    Correct
    Wrong
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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?

815 0

  • 1
    Rs. 6.349
    Correct
    Wrong
  • 2
    Rs. 6,493
    Correct
    Wrong
  • 3
    Rs. 6,394
    Correct
    Wrong
  • 4
    Rs. 6,439
    Correct
    Wrong
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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 

818 0

  • 1
    11%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 2. "20%"

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