Compound interest questions Practice Question and Answer

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.

797 1

  • 1
    3 years
    Correct
    Wrong
  • 2
    3.5 years
    Correct
    Wrong
  • 3
    4.5 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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Answer : 1. "3 years"

Q:

If the interest is compounded half yearly, then interest on Rs.16000 at 5% per annum, at the end of $$ {{1}{1\over 2}}$$ years is.

794 0

  • 1
    $$ {1230}{1\over 4}$$
    Correct
    Wrong
  • 2
    $$ {1210}{1\over 4}$$
    Correct
    Wrong
  • 3
    $$ {1215}{1\over 4}$$
    Correct
    Wrong
  • 4
    $$ {1225}{1\over 4}$$
    Correct
    Wrong
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Answer : 1. "$$ {1230}{1\over 4}$$"

Q:

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

794 0

  • 1
    Rs. 2160
    Correct
    Wrong
  • 2
    Rs. 3120
    Correct
    Wrong
  • 3
    Rs. 3972
    Correct
    Wrong
  • 4
    Rs. 6240
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 3972"

Q:

What will be the compound interest of 3 years at the rate of 5 % of 1000 rupees?

791 0

  • 1
    Rs. 157.650
    Correct
    Wrong
  • 2
    Rs. 157.625
    Correct
    Wrong
  • 3
    Rs. 155.625
    Correct
    Wrong
  • 4
    Rs. 160.625
    Correct
    Wrong
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Answer : 2. "Rs. 157.625 "

Q:

₹26100 is divided between Mohan and Shyam so that the interest that Mohan receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4% per annum then Mohan's share is :

790 0

  • 1
    ₹8,500
    Correct
    Wrong
  • 2
    ₹17,400
    Correct
    Wrong
  • 3
    ₹8,700
    Correct
    Wrong
  • 4
    ₹19,000
    Correct
    Wrong
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Answer : 4. "₹19,000"

Q:

If the compound interest rate is 20%  per year, compounded half-yearly, then what will be the interest of two years on the principal of 1,00,000?

782 0

  • 1
    46,410
    Correct
    Wrong
  • 2
    44,000
    Correct
    Wrong
  • 3
    21,000
    Correct
    Wrong
  • 4
    33,100
    Correct
    Wrong
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Answer : 1. "46,410"

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 0

  • 1
    Rs. 43.41
    Correct
    Wrong
  • 2
    Rs. 43.29
    Correct
    Wrong
  • 3
    Rs. 44
    Correct
    Wrong
  • 4
    Rs. 28.35
    Correct
    Wrong
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Answer : 1. "Rs. 43.41 "

Q:

A lent some money from B and paid 1,573 after$$ {1{1\over 2}}$$ yr . Also B lent some money from A and paid 1444.50 after 6 months. If they want to settle the account forthwith, keeping 14 % as the rate of interest, then who should pay whom and how much?

774 0

  • 1
    A to B Rs. 28.50
    Correct
    Wrong
  • 2
    B to A Rs. 3750
    Correct
    Wrong
  • 3
    A to B Rs.50
    Correct
    Wrong
  • 4
    B to A Rs.50
    Correct
    Wrong
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Answer : 4. "B to A Rs.50 "

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