Compound interest questions Practice Question and Answer
8 Q: A principal of Rs. 6120 becomes Rs. 8330 in 2 years when compounded annually at some rate of interest. How much will be the amount if the same principal was compounded half-yearly?
1992 05e78bf0e4572817353d4744d
5e78bf0e4572817353d4744d- 1Rs. 8430true
- 2Rs. 8500false
- 3Rs. 8300false
- 4Rs. 8750false
- 5None of thesefalse
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Answer : 1. "Rs. 8430"
Q: A certain amount of money is lent out at compound interest at the rate of 20% per annum for two years, compounded annually. It would give Rs. 482 more if the amount is compounded half yearly. Find the principal.
2034 05e78be394572817353d470b0
5e78be394572817353d470b0- 1Rs. 30000false
- 2Rs. 10000false
- 3Rs. 15000false
- 4Rs. 25000false
- 5Rs. 20000true
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Answer : 5. "Rs. 20000"
Q: The simple interest on a certain sum for 2 years at a certain rate of interest is Rs.2000 and compound interest on the same sum, same time and same rate of interest is Rs.2050. Then find the ratio between CI for 2 years and CI for 3 years?
2546 05e78b87457696a734c29b3d5
5e78b87457696a734c29b3d5- 1820 : 1361false
- 2820 : 1261true
- 31261 : 820false
- 41361 : 820false
- 5None of thesefalse
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Answer : 2. "820 : 1261"
Q: What is compound interest accrued on an amount of Rs 45000 in 2 yr @ 9% per annum ?
1334 05e6c8683b8843673942af96a
5e6c8683b8843673942af96a- 1Rs 8600false
- 2Rs 8565.40false
- 3Rs 8464.50true
- 4Rs 8540false
- 5None of thesefalse
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Answer : 3. "Rs 8464.50"
Q: Mr. Duggal invested Rs. 20, 000 with rate of interest at 20 p.c.p.a. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years?
1618 05e4d0f971b69e805d0b7be73
5e4d0f971b69e805d0b7be73- 1Rs. 8,800false
- 2Rs. 9,040true
- 3Rs. 8,040false
- 4Rs. 9,800false
- 5None of thesefalse
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Answer : 2. "Rs. 9,040"
Q: The compound interest on Rs.16, 000 for 9 months at 20 % per annum, interest being compounded quarterly, is
905 05e268b2257f70c65e284eb0a
5e268b2257f70c65e284eb0a- 1Rs. 2,520false
- 2Rs. 2,524false
- 3Rs. 2,522true
- 4Rs. 2,518false
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Answer : 3. "Rs. 2,522 "
Q: The compound interest on a certain sum of money invested for 2 years at 5 % per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be
894 05e205f8fac282f42170f9f0b
5e205f8fac282f42170f9f0b- 1Rs . 320true
- 2Rs . 308false
- 3Rs . 300false
- 4Rs . 287false
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Answer : 1. "Rs . 320 "
Q: Rs 1250 becomes Rs 1352 after a certain period at the rate of 4% per annum. Find out the period of investment, if interest add in principal after every year? 1299 05d12146236b7496de237f5d1
5d12146236b7496de237f5d1- 14 yearsfalse
- 22 yearstrue
- 33 yearsfalse
- 45 yearsfalse
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Answer : 2. "2 years"
Explanation :
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