Compound interest questions Practice Question and Answer

Q:

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

910 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:

The compound interest on Rs.16, 000 for 9 months at 20 % per annum, interest being compounded quarterly, is

905 0

  • 1
    Rs. 2,520
    Correct
    Wrong
  • 2
    Rs. 2,524
    Correct
    Wrong
  • 3
    Rs. 2,522
    Correct
    Wrong
  • 4
    Rs. 2,518
    Correct
    Wrong
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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?

899 0

  • 1
    Rs.7280
    Correct
    Wrong
  • 2
    Rs.7290
    Correct
    Wrong
  • 3
    Rs.7270
    Correct
    Wrong
  • 4
    Rs.7920
    Correct
    Wrong
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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?

895 0

  • 1
    1250
    Correct
    Wrong
  • 2
    525
    Correct
    Wrong
  • 3
    1000
    Correct
    Wrong
  • 4
    1025
    Correct
    Wrong
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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 

894 0

  • 1
    Rs . 320
    Correct
    Wrong
  • 2
    Rs . 308
    Correct
    Wrong
  • 3
    Rs . 300
    Correct
    Wrong
  • 4
    Rs . 287
    Correct
    Wrong
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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 

878 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:

Find the compound interest on a sum of Rs. 46875 for 2 years at 12% p.a, if interest is compounded 8 months?

877 0

  • 1
    14174
    Correct
    Wrong
  • 2
    10174
    Correct
    Wrong
  • 3
    12174
    Correct
    Wrong
  • 4
    13174
    Correct
    Wrong
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Answer : 3. "12174 "

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? 

859 0

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

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