Compound interest questions Practice Question and Answer
8 Q: If the difference between the compound and simple interest on a certain sum of money for 3 years at 5 % per annum is Rs. 15.25, then the sum is
712 05f16a4ad97cc6b353bf3c109
5f16a4ad97cc6b353bf3c109- 1Rs. 1,500false
- 2Rs. 2,500false
- 3Rs. 2,000true
- 4Rs. 1,000false
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Answer : 3. "Rs. 2,000 "
Q: A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest is -
808 05f16a390cf79540a7538dea1
5f16a390cf79540a7538dea1- 116 yearsfalse
- 224 yearsfalse
- 318 yearsfalse
- 412 yearstrue
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Answer : 4. "12 years "
Q: The difference between the compound and the simple interest on a sum for 2 years at 10 % per annum , when the interest is compounded annually, is Rs.28. If the yearly interest were compounded half yearly, the difference in the two interests will be
776 05f16a1399a713b0717cd0183
5f16a1399a713b0717cd0183- 1Rs. 43.41true
- 2Rs. 43.29false
- 3Rs. 44false
- 4Rs. 28.35false
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Answer : 1. "Rs. 43.41 "
Q: A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of an equivalent amount in the next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is
2406 05f16a03b97cc6b353bf3b316
5f16a03b97cc6b353bf3b316- 1Rs. 46000false
- 2Rs. 50000false
- 3Rs. 40000false
- 4Rs. 46824true
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Answer : 4. "Rs. 46824 "
Q: At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?
932 05f169dde9a713b0717ccf625
5f169dde9a713b0717ccf625- 111%false
- 213%false
- 39%false
- 410%true
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Answer : 4. "10% "
Q: A sum of money becomes double in 3 years at compound interest compounded annually at the same rate. In how many years will it become four times of itself?
770 05f169c9b97cc6b353bf3a330
5f169c9b97cc6b353bf3a330- 16.4 yearsfalse
- 27.5 yearsfalse
- 34 yearsfalse
- 46 yearstrue
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Answer : 4. "6 years "
Q: A certain sum amount to Rs.5832 in 2 year at 8% per annum at compound interest, the sum is
2141 05f0ec2a8f4c8bf4bad01db87
5f0ec2a8f4c8bf4bad01db87- 1Rs. 5,800false
- 2Rs. 5,000true
- 3Rs. 5,280false
- 4Rs. 5,400false
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Answer : 2. "Rs. 5,000"
Q: A sum of money doubles itself at compound interest in 15 years. In how many years it will become eight times?
725 05efeab3e9bfe193cd14b6fc6
5efeab3e9bfe193cd14b6fc6- 130 yearfalse
- 245 yeartrue
- 350 yearfalse
- 460 yearfalse
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