Compound interest questions Practice Question and Answer

Q:

The sum for 2 years gives a compound interest of ₹ 3225 at 15 % rate. Then sum is 

1078 0

  • 1
    15000
    Correct
    Wrong
  • 2
    32250
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    20000
    Correct
    Wrong
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Answer : 3. "10000 "

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?

1077 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:

What is a difference between simple interest and compound interest in 1 year at a rate of 10 percent on an amount of Rs. 1200. If interest is half yearly compounded?

1071 0

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

Q:

In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?

1069 0

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

Q:

What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?

1061 0

  • 1
    618
    Correct
    Wrong
  • 2
    612
    Correct
    Wrong
  • 3
    624
    Correct
    Wrong
  • 4
    606
    Correct
    Wrong
  • 5
    621
    Correct
    Wrong
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Answer : 2. "612"

Q:

There is 80% increase in amount in 5 years at simple interest. What will be the compound interest of Rs. 20,000 after 3 years at the same rate?

1055 0

  • 1
    Rs.1000
    Correct
    Wrong
  • 2
    Rs.11217.92
    Correct
    Wrong
  • 3
    Rs.11717.20
    Correct
    Wrong
  • 4
    Rs.13217.92
    Correct
    Wrong
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Answer : 2. "Rs.11217.92"

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?

1055 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:

In how much time compound money at compound interest of half yearly rate of Rs 800 will be Rs 926.10?

1048 0

  • 1
    $$ {1}{1\over3}year$$
    Correct
    Wrong
  • 2
    $$ {1}{1\over2}year$$
    Correct
    Wrong
  • 3
    $$ {2}{1\over3}year$$
    Correct
    Wrong
  • 4
    $$ {2}{1\over2}year$$
    Correct
    Wrong
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Answer : 2. "$$ {1}{1\over2}year$$"

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