Compound interest questions Practice Question and Answer

Q:

The difference between the simple interest and the compound interest (compounded annually) at the rate of 12% per annum on Rs.5000 for 2 years will be 

916 0

  • 1
    Rs.17.50
    Correct
    Wrong
  • 2
    Rs.36
    Correct
    Wrong
  • 3
    Rs.45
    Correct
    Wrong
  • 4
    Rs.72
    Correct
    Wrong
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Answer : 4. "Rs.72 "

Q:

What will be the compound interest on a sum of Rs. 21000 for 2 years at the rate of 14.28% per annum when interest is compound yearly?

1699 0

  • 1
    6428
    Correct
    Wrong
  • 2
    3162
    Correct
    Wrong
  • 3
    7129
    Correct
    Wrong
  • 4
    8231
    Correct
    Wrong
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Answer : 1. "6428"

Q:

The ratio between compound interest and simple interest for a certain amount is 43 : 40 for 2 years, the find the rate of interest.

1059 0

  • 1
    15 %
    Correct
    Wrong
  • 2
    18 %
    Correct
    Wrong
  • 3
    20 %
    Correct
    Wrong
  • 4
    12 %
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "15 % "

Q:

A certain sum of money at a certain rate doubles itself in 9 years, then in how many years it will become the same sum will be 5 times of itself?

1024 0

  • 1
    25 years
    Correct
    Wrong
  • 2
    36 years
    Correct
    Wrong
  • 3
    27 years
    Correct
    Wrong
  • 4
    45 years
    Correct
    Wrong
  • 5
    48 years
    Correct
    Wrong
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Answer : 2. "36 years "

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Answer : 3. "40000 "

Q:

If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both cases be 10 % 

947 0

  • 1
    5500
    Correct
    Wrong
  • 2
    7200
    Correct
    Wrong
  • 3
    6500
    Correct
    Wrong
  • 4
    6000
    Correct
    Wrong
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Answer : 4. "6000"

Q:

On a certain principal if the simple interest for two years is Rs. 1400 and compound interest for the two years is Rs. 1449, what is the rate of interest? 

1322 0

  • 1
    3.5 %
    Correct
    Wrong
  • 2
    14 %
    Correct
    Wrong
  • 3
    7 %
    Correct
    Wrong
  • 4
    21 %
    Correct
    Wrong
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Answer : 3. "7 % "

Q:

If the amount is $$ 3{3\over8}\%  $$ times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is 

1714 0

  • 1
    25%
    Correct
    Wrong
  • 2
    50%
    Correct
    Wrong
  • 3
    16.66%
    Correct
    Wrong
  • 4
    33.33%
    Correct
    Wrong
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Answer : 2. "50% "

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