Compound interest questions Practice Question and Answer

Q:

The compound interest on 12000 for 9 months at 20 % per annum , interest being compounded quarterly is 

1014 0

  • 1
    ₹ 2136
    Correct
    Wrong
  • 2
    ₹ 1750
    Correct
    Wrong
  • 3
    ₹ 1891.50
    Correct
    Wrong
  • 4
    ₹ 2089.70
    Correct
    Wrong
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Answer : 3. "₹ 1891.50 "

Q:

A man borrows some money at 3% simple interest per annum and lends it to somebody at 5% interest to be compounded annually. By this he makes a profit of Rs.541 at the end of 3 years. The money he borrowed was-

1003 0

  • 1
    Rs. 15800
    Correct
    Wrong
  • 2
    Rs. 18400
    Correct
    Wrong
  • 3
    Rs. 8000
    Correct
    Wrong
  • 4
    Rs. 12000
    Correct
    Wrong
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Answer : 3. "Rs. 8000 "

Q:

The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?

1000 0

  • 1
    12.5%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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Answer : 3. "10% "

Q:

A certain sum of money at a certain rate doubles itself in 9 years, then in how many years it will become the same sum will be 5 times of itself?

998 0

  • 1
    25 years
    Correct
    Wrong
  • 2
    36 years
    Correct
    Wrong
  • 3
    27 years
    Correct
    Wrong
  • 4
    45 years
    Correct
    Wrong
  • 5
    48 years
    Correct
    Wrong
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Answer : 2. "36 years "

Q:

If the amount is $$3{3\over 8}$$ times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is 

996 0

  • 1
    63%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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Answer : 4. "50% "

Q:

The compound interest on Rs. 6250 at 12% per annum for 1 year, compounded half-yearly is

986 0

  • 1
    772.50
    Correct
    Wrong
  • 2
    772
    Correct
    Wrong
  • 3
    672.50
    Correct
    Wrong
  • 4
    672
    Correct
    Wrong
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Answer : 1. "772.50"

Q:

A sum of Rs 5,000 amounts to Rs 7,200 in 8 years at a certain rate percent p.a, interest compounded yearly. What will be the compound interest on a sum of Rs.6,550 in 4 years at the same rate of interest?

972 0

  • 1
    Rs. 1,290
    Correct
    Wrong
  • 2
    Rs.1,310
    Correct
    Wrong
  • 3
    Rs. 1285
    Correct
    Wrong
  • 4
    Rs. 1,415
    Correct
    Wrong
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Answer : 2. "Rs.1,310"

Q:

The compound interest earned in two years at 8 % per annum is 3993.6 . What is the sum invested? 

967 0

  • 1
    24000
    Correct
    Wrong
  • 2
    25000
    Correct
    Wrong
  • 3
    30000
    Correct
    Wrong
  • 4
    20000
    Correct
    Wrong
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Answer : 1. "24000 "

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