Compound interest questions Practice Question and Answer
8 Q: Mr. Sathya invested money in FD. How much will he get on maturity, if Rs. 14,500 is invested at 20 % per annum compound interest for 6 months, compounded quarterly
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606af14dc476de27c7ad93cb- 1Rs.15, 986false
- 2Rs.15, 986.5false
- 3Rs.15, 986.25true
- 4Rs.15,986.35false
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Answer : 3. "Rs.15, 986.25"
Q: A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?
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60fe348f3c8ced168c73d0f8- 11500false
- 21000true
- 33000false
- 42000false
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Answer : 2. "1000"
Q: A sum of money was lent at 10% per annum, compounded annually, for 2 years. If the interest was compounded half - yearly, he would have received Rs.660.75 more. Find the sum.
1053 060b6e136cef13e72bbf8eb27
60b6e136cef13e72bbf8eb27- 1120000false
- 2124000false
- 3104400true
- 4150000false
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Answer : 3. "104400 "
Q: On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is
1047 05f169bc49a713b0717cce1fe
5f169bc49a713b0717cce1fe- 1Rs. 8750true
- 2Rs. 5780false
- 3Rs. 1080false
- 4Rs. 7805false
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Answer : 1. "Rs. 8750"
Q: A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the amount at the same compound rate become sixteen times?
1039 05f16a6c58cf3201b63278729
5f16a6c58cf3201b63278729- 18 yearsfalse
- 25 yearsfalse
- 36 yearsfalse
- 44 yearstrue
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Answer : 4. "4 years "
Q: A person invested Rs 3000 on compound interest for two years. If the rate of interest is the 25 % for the first year and 20 % for the second year. Then find the CI?
1033 06080476b11c2747caca71e17
6080476b11c2747caca71e17- 11550false
- 21650false
- 31600false
- 41500true
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Answer : 4. "1500"
Q: At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?
1032 05f169dde9a713b0717ccf625
5f169dde9a713b0717ccf625- 111%false
- 213%false
- 39%false
- 410%true
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Answer : 4. "10% "
Q: If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both cases be 10 %
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5e86d1919d2a5e5416ce116b- 15500false
- 27200false
- 36500false
- 46000true
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