Compound interest questions Practice Question and Answer
8 Q: A sum becomes Rs. 2916 in 2 years at 8 % per annum compound interest. The simple interest at 9% per annum for 3 years on the same amount will be
1266 05f16b6bacf79540a75393d88
5f16b6bacf79540a75393d88- 1Rs. 650false
- 2Rs. 625false
- 3Rs. 600false
- 4Rs. 675true
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Answer : 4. "Rs. 675 "
Q: An amount of money appreciates to Rs. 7,000 after 4 years and to Rs. 10,000 after 8 years at a certain compound interest compounded annually. The initial amount of money was
2013 05f16b6188cf3201b6327b5e7
5f16b6188cf3201b6327b5e7- 1Rs. 4100false
- 2Rs. 4300false
- 3Rs. 4700false
- 4Rs . 4900true
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Answer : 4. "Rs . 4900 "
Q: A sum of money invested at compound interest amounts to Rs. 650 at the end of first year and Rs. 676 at the end of second year. The sum of money is
1190 05f16b4d6cf79540a75392bea
5f16b4d6cf79540a75392bea- 1Rs. 625true
- 2Rs. 560false
- 3Rs. 600false
- 4Rs. 540false
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Answer : 1. "Rs. 625 "
Q: The compound interest on 12000 for 9 months at 20 % per annum , interest being compounded quarterly is
1014 05f16b369cf79540a7539251c
5f16b369cf79540a7539251c- 1₹ 2136false
- 2₹ 1750false
- 3₹ 1891.50true
- 4₹ 2089.70false
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Answer : 3. "₹ 1891.50 "
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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Answer : 4. "Rs. 7 "
Q: A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is
699 05f16a99f97cc6b353bf3deee
5f16a99f97cc6b353bf3deee- 120 %false
- 210 %false
- 3100 %true
- 480 %false
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Answer : 3. "100 % "
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?
839 05f16a6c58cf3201b63278729
5f16a6c58cf3201b63278729- 18 yearsfalse
- 25 yearsfalse
- 36 yearsfalse
- 44 yearstrue
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Answer : 4. "4 years "
Q: A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is
720 05f16a5e7cf79540a7538e235
5f16a5e7cf79540a7538e235- 13 %false
- 25 %true
- 36 %false
- 47 %false
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