Compound interest questions Practice Question and Answer
8 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
890 05f169bc49a713b0717cce1fe
5f169bc49a713b0717cce1fe- 1Rs. 8750true
- 2Rs. 5780false
- 3Rs. 1080false
- 4Rs. 7805false
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Answer : 1. "Rs. 8750"
Q: The compound interest on Rs.16, 000 for 9 months at 20 % per annum, interest being compounded quarterly, is
890 05e268b2257f70c65e284eb0a
5e268b2257f70c65e284eb0a- 1Rs. 2,520false
- 2Rs. 2,524false
- 3Rs. 2,522true
- 4Rs. 2,518false
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Answer : 3. "Rs. 2,522 "
Q: A sum of Rs.13,000 is to be paid back in 2 equal annual instalments. How much is each instalment if the interest is compounded annually at 8 % per annum?
884 05fc475cda5adbb0808cff29c
5fc475cda5adbb0808cff29c- 1Rs.7280false
- 2Rs.7290true
- 3Rs.7270false
- 4Rs.7920false
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Answer : 2. "Rs.7290"
Q: If the interest is compounded half-yearly, then what will be the compound interest (in Rs) on a sum of Rs 10000 for 1 year at the rate of 10% per annum?
872 05dccdb82ef0a14548c1d4c0b
5dccdb82ef0a14548c1d4c0b- 11250false
- 2525false
- 31000false
- 41025true
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Answer : 4. "1025"
Q: The compound interest on a certain sum of money invested for 2 years at 5 % per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be
871 05e205f8fac282f42170f9f0b
5e205f8fac282f42170f9f0b- 1Rs . 320true
- 2Rs . 308false
- 3Rs . 300false
- 4Rs . 287false
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Answer : 1. "Rs . 320 "
Q: The sum for 2 years gives a compound interest of ₹ 3225 at 15 % rate. Then sum is
865 05f16c441cf79540a753983b7
5f16c441cf79540a753983b7- 115000false
- 232250false
- 310000true
- 420000false
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Answer : 3. "10000 "
Q: Find the compound interest on a sum of Rs. 46875 for 2 years at 12% p.a, if interest is compounded 8 months?
845 0602e40f06d461f66398818f5
602e40f06d461f66398818f5- 114174false
- 210174false
- 312174true
- 413174false
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Answer : 3. "12174 "
Q: On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4 % per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned?
841 05f16b2c6cf79540a75392448
5f16b2c6cf79540a75392448- 1Rs. 14false
- 2Rs. 35false
- 3Rs. 3.50false
- 4Rs. 7true
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