Compound interest questions Practice Question and Answer

Q:

If the compound interest rate is 20% per annum compounded half yearly, then what will be the interest for two years on the principal of Rs. 100000?

1185 0

  • 1
    46,410
    Correct
    Wrong
  • 2
    44,000
    Correct
    Wrong
  • 3
    21,000
    Correct
    Wrong
  • 4
    33,100
    Correct
    Wrong
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Answer : 1. "46,410"

Q:

How much time will it take for an amount of Rs.360 to yield Rs.72 as interest at 5 % p.a of simple interest?

1180 1

  • 1
    3 years
    Correct
    Wrong
  • 2
    4 years
    Correct
    Wrong
  • 3
    2.5 years
    Correct
    Wrong
  • 4
    3.5 years
    Correct
    Wrong
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Answer : 2. "4 years"

Q:

The compound interest earned in two years at 12% per annum Rs 10176. What is the sum (in Rs) invested? 

1170 0

  • 1
    40000
    Correct
    Wrong
  • 2
    80000
    Correct
    Wrong
  • 3
    50000
    Correct
    Wrong
  • 4
    60000
    Correct
    Wrong
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Answer : 1. "40000 "

Q:

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

1163 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 certain sum increases by 50 % in 5 years. Three sums x, y and z are lent for 10, 15 and 20 years respectively. If amount on each sum is equal, then find the ratio of x, y and z. 

1161 0

  • 1
    6 : 5 : 4
    Correct
    Wrong
  • 2
    9 : 4 : 6
    Correct
    Wrong
  • 3
    9 : 6 : 5
    Correct
    Wrong
  • 4
    9 : 6 : 4
    Correct
    Wrong
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Answer : 4. "9 : 6 : 4 "

Q:

A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?

1153 0

  • 1
    Rs. 4355
    Correct
    Wrong
  • 2
    Rs. 4305
    Correct
    Wrong
  • 3
    Rs. 430
    Correct
    Wrong
  • 4
    Rs. 4350
    Correct
    Wrong
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Answer : 2. "Rs. 4305"

Q:

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

1129 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-

1127 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 "

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