Compound interest questions Practice Question and Answer

Q:

2,40,000 is taken as loan for three years compounded annually at 12.5 % p.a. At the end of first year, the interest is revised to 12 % p.a. The total amount to be repaid at the end of third year is:

1179 0

  • 1
    ₹ 3,38,688
    Correct
    Wrong
  • 2
    ₹ 3,42,648
    Correct
    Wrong
  • 3
    ₹ 3,26,400
    Correct
    Wrong
  • 4
    ₹ 3,34,800
    Correct
    Wrong
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Answer : 4. "₹ 3,34,800 "

Q:

The sum of length, breadth and height of a cuboid is 25 cm. The length of its diagonal is 15 cm. Find the total surface area of the cuboid.

1553 0

  • 1
    $$ {200 cm^2}$$
    Correct
    Wrong
  • 2
    $$ {400 cm^2}$$
    Correct
    Wrong
  • 3
    $$ {500 cm^2}$$
    Correct
    Wrong
  • 4
    $$ {600 cm^2}$$
    Correct
    Wrong
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Answer : 2. "$$ {400 cm^2}$$"

Q:

The difference between simple interest and compound interest on a certain sum at $$ 12{1\over2}$$ % for 3 years is Rs 125. Find the sum.

834 0

  • 1
    Rs. 2520
    Correct
    Wrong
  • 2
    Rs. 2560
    Correct
    Wrong
  • 3
    Rs.2640
    Correct
    Wrong
  • 4
    Rs. 2700
    Correct
    Wrong
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Answer : 2. "Rs. 2560"

Q:

The compound interest on Rs. 6250 at 12% per annum for 1 year, compounded half-yearly is

987 0

  • 1
    772.50
    Correct
    Wrong
  • 2
    772
    Correct
    Wrong
  • 3
    672.50
    Correct
    Wrong
  • 4
    672
    Correct
    Wrong
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Answer : 1. "772.50"

Q:

Mr. Tiwari invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -

1934 0

  • 1
    Rs.12000
    Correct
    Wrong
  • 2
    Rs.13500
    Correct
    Wrong
  • 3
    Rs.15000
    Correct
    Wrong
  • 4
    Rs.16500
    Correct
    Wrong
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Answer : 3. "Rs.15000 "

Q:

A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.

1202 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    1568
    Correct
    Wrong
  • 4
    1750
    Correct
    Wrong
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Answer : 3. "1568 "

Q:

The compound interest earned in two years at 8 % per annum is 3993.6 . What is the sum invested? 

967 0

  • 1
    24000
    Correct
    Wrong
  • 2
    25000
    Correct
    Wrong
  • 3
    30000
    Correct
    Wrong
  • 4
    20000
    Correct
    Wrong
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Answer : 1. "24000 "

Q:

If the compound interest on a certain sum for two consecutive years is Rs.220 and Rs.242, then the rate of interest per annum is 

1094 0

  • 1
    8%
    Correct
    Wrong
  • 2
    10%
    Correct
    Wrong
  • 3
    11%
    Correct
    Wrong
  • 4
    12%
    Correct
    Wrong
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Answer : 2. "10% "

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