Compound interest questions Practice Question and Answer
8 Q: The difference between the compound interest and simple interest on a certain sum at the rate of 5% p.a in 3 years is Rs. 15.25. The sum is:
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5feda0b30af48a69de4d3600- 1Rs. 2000true
- 2Rs. 1000false
- 3Rs. 2500false
- 4Rs. 1500false
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Answer : 1. "Rs. 2000"
Q: A sum on compound interest amounts to Rs. 2410 in 3 years and Rs. 2651 in 4 years. Find the sum.
2000 05fd878206c22b74b3a9ef28e
5fd878206c22b74b3a9ef28e- 1Rs. 1216false
- 2Rs. 1500false
- 3Rs. 1900false
- 4Rs. 1600false
- 5None of thesetrue
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Answer : 5. "None of these"
Q: There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
788 05fd34cd4c46a213fc5c57630
5fd34cd4c46a213fc5c57630- 1Rs. 2160false
- 2Rs. 3120false
- 3Rs. 3972true
- 4Rs. 6240false
- 5None of thesefalse
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Answer : 3. "Rs. 3972"
Q: Monica deposited a total of Rs. 10500 with a bank in two different deposit schemes at 10% p.a., interest being compounded annually. As per the schemes, she gets the same amount after 2 years on the first deposit as she gets after 3 years on the second deposit. How much money did she deposit for 3 years?
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5fd1e18c4ae2934b44f63b7f- 1Rs. 4500false
- 2Rs. 5000true
- 3Rs. 6500false
- 4Rs. 7200false
- 5None of thesefalse
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Answer : 2. "Rs. 5000"
Q: Raman took a loan of Rs. 15000 from Laxman. He was agreed that for the first three years rate of interest charged would be at 8% Simple Interest per annum and at 10% Compound Interest (compounded, annually) from the fourth year onwards. Ram did not pay anything until the end of the fifth year. How much would he repay if he clears the entire amount, only at the end of fifth year? (inRs.)
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5fd1d80e02048c5f0a1cb303- 1Rs. 22506true
- 2Rs. 22105false
- 3Rs. 22900false
- 4Rs. 22500false
- 5Rs. 22450false
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Answer : 1. "Rs. 22506"
Q: A sum of Rs.13,000 is to be paid back in 2 equal annual instalments. How much is each instalment if the interest is compounded annually at 8 % per annum?
884 05fc475cda5adbb0808cff29c
5fc475cda5adbb0808cff29c- 1Rs.7280false
- 2Rs.7290true
- 3Rs.7270false
- 4Rs.7920false
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Answer : 2. "Rs.7290"
Q: What is compound interest on a sum of Rs. 37,500 for $$ {1{1\over 3}}$$ years at a rate of 12 % per year. If the interest is compounded 8 monthly?
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5fbf7caf90530f6255a1a930- 1Rs.6, 420false
- 2Rs.6, 448false
- 3Rs.6, 240true
- 4Rs.6, 440false
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Answer : 3. "Rs.6, 240"
Q: In how much time the money of Rs 6400 will be Rs 6561 at the rate of 5 percent annual interest if the compound interest is payable quarterly?
1368 05fb4e118488efb77b437f157
5fb4e118488efb77b437f157- 16 Monthtrue
- 212 Monthfalse
- 324 Monthfalse
- 418 Monthfalse
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