Compound interest questions Practice Question and Answer
8 Q: One certain Principal if the Simple interest for two years is Rs 2400 and Compound interest for the two years is Rs 2544, what is the rate of Interest?
8657 05dd63c4f7780ee35515b2921
5dd63c4f7780ee35515b2921- 112 %true
- 26 %false
- 324 %false
- 418 %false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "12 % "
Q: A sum of Rs. 6400 amounts to Rs. 6724 at 10% p.a. compounded quarterly. Find the time period.
4434 0611f6a03a395cc0fce02df41
611f6a03a395cc0fce02df41- 12 yearsfalse
- 23 yearsfalse
- 33/4 yearfalse
- 41/2 yeartrue
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "1/2 year"
Q: Find the difference of CI and SI on a sum of Rs. 30240 invested for 3 years at rate of interest per annum.
4257 160c0a13e590e633a7d38e2b1
60c0a13e590e633a7d38e2b1- 1Rs. 2500false
- 2Rs. 2440false
- 3Rs. 2660true
- 4Rs. 3120false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Rs. 2660"
Q: Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is –
3673 05dd63d177780ee35515b2933
5dd63d177780ee35515b2933- 1Rs. 125000false
- 2Rs. 135200true
- 3Rs. 152000false
- 4Rs. 108200false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Rs. 135200 "
Q: The simple interest on Rs. 12000 at a certain rate of interest in five years is Rs. 7200. Find the compound interest on the same amount for five years at the same rate of interest.
3643 05f4f648482369c1d61196109
5f4f648482369c1d61196109- 1Rs. 3502.80false
- 2Rs. 3052.40false
- 3Rs. 3054.80false
- 4Rs. 3052.80true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Rs. 3052.80"
Q: Monica deposited a total of Rs. 10500 with a bank in two different deposit schemes at 10% p.a., interest being compounded annually. As per the schemes, she gets the same amount after 2 years on the first deposit as she gets after 3 years on the second deposit. How much money did she deposit for 3 years?
3507 05fd1e18c4ae2934b44f63b7f
5fd1e18c4ae2934b44f63b7f- 1Rs. 4500false
- 2Rs. 5000true
- 3Rs. 6500false
- 4Rs. 7200false
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Rs. 5000"
Q: A bank offers 15 % compound interest per half-year. A customer deposits Rs 2400 each on 1 January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is –
3408 05dd63ca17780ee35515b292a
5dd63ca17780ee35515b292a- 1Rs. 2268false
- 2Rs. 1134true
- 3Rs. 567false
- 4Rs. 283false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Rs. 1134 "
Q: Rajnish borrowed ₹1,500 from a bank and repaid the entire amount with interest in two equal annual instalments, the first instalment being paid a year after Rajnish borrowed from the bank. If the rate of interest was 40% per annum, compounded annually, then what was the value (in ₹) of each instalment paid by Rajnish?
3092 064b504fd36fc1bf576508650
64b504fd36fc1bf576508650- 11125false
- 21470false
- 31225true
- 41350false
- Show AnswerHide Answer
- Workspace
- SingleChoice