Compound interest questions Practice Question and Answer
8 Q: The compound interest on 12000 for 9 months at 20 % per annum , interest being compounded quarterly is
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5f16b369cf79540a7539251c- 1₹ 2136false
- 2₹ 1750false
- 3₹ 1891.50true
- 4₹ 2089.70false
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Answer : 3. "₹ 1891.50 "
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?
1024 05e96c564b0b9ab17e7026204
5e96c564b0b9ab17e7026204- 125 yearsfalse
- 236 yearstrue
- 327 yearsfalse
- 445 yearsfalse
- 548 yearsfalse
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Answer : 2. "36 years "
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?
1023 060fe342b81fb4616a6562d1d
60fe342b81fb4616a6562d1d- 112.5%false
- 220%false
- 310%true
- 45%false
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Answer : 3. "10% "
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
1022 05f16d33acf79540a7539c7a1
5f16d33acf79540a7539c7a1- 163%false
- 233%false
- 325%false
- 450%true
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Answer : 4. "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-
1020 060c199ba590e633a7d3b660e
60c199ba590e633a7d3b660e- 1Rs. 15800false
- 2Rs. 18400false
- 3Rs. 8000true
- 4Rs. 12000false
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Answer : 3. "Rs. 8000 "
Q: The compound interest on Rs. 6250 at 12% per annum for 1 year, compounded half-yearly is
994 05ee9ac32bc81cb2528ec18b3
5ee9ac32bc81cb2528ec18b3- 1772.50true
- 2772false
- 3672.50false
- 4672false
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Answer : 1. "772.50"
Q: The compound interest earned in two years at 8 % per annum is 3993.6 . What is the sum invested?
991 05ed9d34af528050f9150037b
5ed9d34af528050f9150037b- 124000true
- 225000false
- 330000false
- 420000false
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Answer : 1. "24000 "
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?
983 0605318c3a37d522d6c196d80
605318c3a37d522d6c196d80- 1Rs. 1,290false
- 2Rs.1,310true
- 3Rs. 1285false
- 4Rs. 1,415false
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