Compound interest questions Practice Question and Answer
8 Q: In how many years will Rs 2000 become Rs 2420 at 10 percent compound annual interest?
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602df94f6ea6434ffa7b289b- 13false
- 2$$ {2{1\over 2}}$$false
- 32true
- 4$$ {1{1\over 2}}$$false
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Answer : 3. "2"
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?
762 060a214043c86b056326105e4
60a214043c86b056326105e4- 1Rs.1475false
- 2Rs.1585false
- 3Rs.1485false
- 4Rs.1495true
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Answer : 4. "Rs.1495"
Q: Anu invested Rs. 15000 at the rate of interest 10% p.a. for one year. If the compound interest is compounded at every six months, what amount will Anu get at the end of the year?
755 0609910dbc4aedb3e8066b325
609910dbc4aedb3e8066b325- 1Rs. 16525.50false
- 2Rs. 18150false
- 3Rs. 16537.50true
- 4Rs. 16500false
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Answer : 3. "Rs. 16537.50"
Q: Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:
751 0606c3bce6a85553684ddfad5
606c3bce6a85553684ddfad5- 1Rs. 9136.6false
- 2Rs. 639.6false
- 3Rs. 693.6true
- 4Rs. 9139.6false
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Answer : 3. "Rs. 693.6"
Q: 1261 in 3 years at the rate of 5 percent annual interest on a sum of money. Interest is received by compound . money will be
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603740a69d90e74af72ae9da- 19000false
- 28400false
- 37500false
- 48000true
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Answer : 4. "8000"
Q: What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
742 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 doubles itself at compound interest in 15 years. In how many years it will become eight times?
741 05efeab3e9bfe193cd14b6fc6
5efeab3e9bfe193cd14b6fc6- 130 yearfalse
- 245 yeartrue
- 350 yearfalse
- 460 yearfalse
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Answer : 2. "45 year"
Q: If the difference between 2 years compound interest and simple interest at the rate of 5 percent of an amount is Rs. 25, then that amount will be?
736 05f97fbd5ed7fc21d78dce39c
5f97fbd5ed7fc21d78dce39c- 1Rs. 15,000false
- 2Rs. 10,000true
- 3Rs. 20,000false
- 4Rs. 12,000false
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