Compound interest questions Practice Question and Answer
8 Q: A lent some money from B and paid 1,573 after 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?
882 0600e8f12178b94051cdf9f27
600e8f12178b94051cdf9f27- 1A to B Rs. 28.50false
- 2B to A Rs. 3750false
- 3A to B Rs.50false
- 4B to A Rs.50true
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Answer : 4. "B to A Rs.50 "
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 -
879 06024f26bcce66f776c86d40d
6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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Answer : 1. "Rs.15000 "
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.
879 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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Answer : 2. "Rs. 18000"
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?
878 05fa91795ece37f51362df56e
5fa91795ece37f51362df56e- 146,410true
- 244,000false
- 321,000false
- 433,100false
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Answer : 1. "46,410"
Q: What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
874 06073fb7863b9781494d83665
6073fb7863b9781494d83665- 1Rs. 69,120false
- 2Rs. 21,120true
- 3Rs. 76,800false
- 4Rs. 72,000false
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Answer : 2. "Rs. 21,120"
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?
871 05f169c9b97cc6b353bf3a330
5f169c9b97cc6b353bf3a330- 16.4 yearsfalse
- 27.5 yearsfalse
- 34 yearsfalse
- 46 yearstrue
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Answer : 4. "6 years "
Q: Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?
869 06079383363b9781494e7f460
6079383363b9781494e7f460- 12284true
- 22176false
- 32097false
- 42235false
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Answer : 1. "2284"
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?
861 060a214043c86b056326105e4
60a214043c86b056326105e4- 1Rs.1475false
- 2Rs.1585false
- 3Rs.1485false
- 4Rs.1495true
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