Compound interest questions Practice Question and Answer
8 Q: Mr. Rajesh 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 -
773 06024f26bcce66f776c86d40d
6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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Answer : 1. "Rs.15000 "
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: The difference between compound interest and simple interest on a sum of money for 3 years at 8% per annum is Rs. 354.80. Find the sum.
769 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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Answer : 2. "Rs. 18000"
Q: Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?
767 06079383363b9781494e7f460
6079383363b9781494e7f460- 12284true
- 22176false
- 32097false
- 42235false
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Answer : 1. "2284"
Q: What is the difference between compound interest and simple interest on Rs. 2500 for 2 years at 4% per annum?
765 060be073d5d840673873c4943
60be073d5d840673873c4943- 1₹ 4true
- 2₹ 20false
- 3₹ 40false
- 4₹ 400false
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Answer : 1. "₹ 4 "
Q: What is compound interest on a sum of Rs. 37,500 for $$ {1{1\over 3}}$$ years at a rate of 12 % per year. If the interest is compounded 8 monthly?
764 05fbf7caf90530f6255a1a930
5fbf7caf90530f6255a1a930- 1Rs.6, 420false
- 2Rs.6, 448false
- 3Rs.6, 240true
- 4Rs.6, 440false
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Answer : 3. "Rs.6, 240"
Q: If the difference between the compound interest and simple interest on a certain sum at 5% per annum for 3 years is Rs.11.40, what is the approximate sum?
756 060a214043c86b056326105e4
60a214043c86b056326105e4- 1Rs.1475false
- 2Rs.1585false
- 3Rs.1485false
- 4Rs.1495true
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Answer : 4. "Rs.1495"
Q: The difference between the compound interest and simple interest on a certain sum at the rate of 5% p.a in 3 years is Rs. 15.25. The sum is:
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5feda0b30af48a69de4d3600- 1Rs. 2000true
- 2Rs. 1000false
- 3Rs. 2500false
- 4Rs. 1500false
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