Compound interest questions Practice Question and Answer
8 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
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- 2Rs.36false
- 3Rs.45false
- 4Rs.72true
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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?
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5eb945f443b27164c8e42346- 16428true
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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.
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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?
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5e96c564b0b9ab17e7026204- 125 yearsfalse
- 236 yearstrue
- 327 yearsfalse
- 445 yearsfalse
- 548 yearsfalse
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Answer : 2. "36 years "
Q: The Population of vultures in a particular locality is decreases by a certain rate of interest (compounded annually). If the current population of vultures be 29160 and the ratio of decrease in population for second year and third year be 10: 9. What was the population of vultures 3 years ago?
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5e900099f681623fa5605aa0- 130000false
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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 %
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5e86d1919d2a5e5416ce116b- 15500false
- 27200false
- 36500false
- 46000true
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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?
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- 37 %true
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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
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- 250%true
- 316.66%false
- 433.33%false
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