Compound interest questions Practice Question and Answer
8 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?
977 05dccdb82ef0a14548c1d4c0b
5dccdb82ef0a14548c1d4c0b- 11250false
- 2525false
- 31000false
- 41025true
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Answer : 4. "1025"
Q: Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:
973 0606c3bce6a85553684ddfad5
606c3bce6a85553684ddfad5- 1Rs. 9136.6false
- 2Rs. 639.6false
- 3Rs. 693.6true
- 4Rs. 9139.6false
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Answer : 3. "Rs. 693.6"
Q: The amount on ₹ 25000 in 2 years at annually compound interest. if the rate for the successive years be 4 % and 5 % per annum respectively is
968 05f16bad38cf3201b6327c6e6
5f16bad38cf3201b6327c6e6- 1₹ 28500false
- 2₹ 30000false
- 3₹ 26800false
- 4₹ 27300true
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Answer : 4. "₹ 27300 "
Q: A person invested 1100 in a company at compound interest compounded semi-annually. He received 1331 after one year. The rate of interest per annum is
967 060068c0e7a0c6e1017e01071
60068c0e7a0c6e1017e01071- 111%false
- 220%true
- 35%false
- 410%false
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Answer : 2. "20%"
Q: The difference between simple interest and compound interest on a certain sum at % for 3 years is Rs 125. Find the sum.
937 05ef18c8281a47f2e7ae7f341
5ef18c8281a47f2e7ae7f341- 1Rs. 2520false
- 2Rs. 2560true
- 3Rs.2640false
- 4Rs. 2700false
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Answer : 2. "Rs. 2560"
Q: A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is
932 05f16a99f97cc6b353bf3deee
5f16a99f97cc6b353bf3deee- 120 %false
- 210 %false
- 3100 %true
- 480 %false
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Answer : 3. "100 % "
Q: Rahul plans to buy a scooter for his sister for which he saves Rs. 15625 at the start of every year for 3 year. If the rate of CI is 4% pa. then amount at which he plans to buy the scooter is (in Rs.)
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5f2bc9ca21de6a117aeb6d7c- 175489false
- 242751false
- 350726true
- 448563false
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Answer : 3. "50726"
Q: A borrowed Rs.1500 at 4% per annum and Rs.1400 at 5% per annum for the same period. He paid Rs.390 as total interest. Find the time for which he borrowed the sum.
926 160b4ae54517f2874d53f4e0e
60b4ae54517f2874d53f4e0e- 13 yearstrue
- 23.5 yearsfalse
- 34.5 yearsfalse
- 44 yearsfalse
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