Compound interest questions Practice Question and Answer

Q:

What will be the compound interest (compounded annually) of 3 years at the rate of 12.5 percent on an amount of Rs. 5120?

769 0

  • 1
    2280 Rupees
    Correct
    Wrong
  • 2
    1960 Rupees
    Correct
    Wrong
  • 3
    2170 Rupees
    Correct
    Wrong
  • 4
    2120 Rupees
    Correct
    Wrong
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Answer : 3. "2170 Rupees "

Q:

A man borrowed some money from a private organisation at 5 % simple interest per annum. He landed this money to another person at 10% compound interest per annum, and made a profit of Rs. 26,410 in 4 years. The man borrowed 

2319 0

  • 1
    132050
    Correct
    Wrong
  • 2
    100000
    Correct
    Wrong
  • 3
    200000
    Correct
    Wrong
  • 4
    150000
    Correct
    Wrong
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Answer : 2. "100000"

Q:

A sum of money is invested at 20 % compound interest (compounded annually). It would fetch 723 more if interest is compound half-yearly. The sum is –

1702 0

  • 1
    ₹ 20,000
    Correct
    Wrong
  • 2
    ₹ 7,500
    Correct
    Wrong
  • 3
    ₹ 72,300
    Correct
    Wrong
  • 4
    ₹ 30,000
    Correct
    Wrong
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Answer : 3. "₹ 72,300 "

Q:

In 3 years ₹ 3000 amounts to ₹ 3993 at x % compound interest, compounded annually. The value of x is 

1093 0

  • 1
    5%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 3. "10% "

Q:

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

1072 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:

If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 24200, and Rs 26620 respectively, what is the rate (in %) of interest? 

1201 0

  • 1
    9
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    7
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 4. "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 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:

A certain amount of money earns ₹ 540 as simple interest in 3 years. If it earns compound interest of ₹ 376.20 at the same rate of interest in 2 years, find the principal (in Rupees). 

1089 0

  • 1
    2100
    Correct
    Wrong
  • 2
    2000
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1800
    Correct
    Wrong
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Answer : 2. "2000 "

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