Compound interest questions Practice Question and Answer

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?

1963 0

  • 1
    Rs. 8430
    Correct
    Wrong
  • 2
    Rs. 8500
    Correct
    Wrong
  • 3
    Rs. 8300
    Correct
    Wrong
  • 4
    Rs. 8750
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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.

2015 0

  • 1
    Rs. 30000
    Correct
    Wrong
  • 2
    Rs. 10000
    Correct
    Wrong
  • 3
    Rs. 15000
    Correct
    Wrong
  • 4
    Rs. 25000
    Correct
    Wrong
  • 5
    Rs. 20000
    Correct
    Wrong
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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?

2518 0

  • 1
    820 : 1361
    Correct
    Wrong
  • 2
    820 : 1261
    Correct
    Wrong
  • 3
    1261 : 820
    Correct
    Wrong
  • 4
    1361 : 820
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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 ? 

1309 0

  • 1
    Rs 8600
    Correct
    Wrong
  • 2
    Rs 8565.40
    Correct
    Wrong
  • 3
    Rs 8464.50
    Correct
    Wrong
  • 4
    Rs 8540
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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? 

1596 0

  • 1
    Rs. 8,800
    Correct
    Wrong
  • 2
    Rs. 9,040
    Correct
    Wrong
  • 3
    Rs. 8,040
    Correct
    Wrong
  • 4
    Rs. 9,800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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

890 0

  • 1
    Rs. 2,520
    Correct
    Wrong
  • 2
    Rs. 2,524
    Correct
    Wrong
  • 3
    Rs. 2,522
    Correct
    Wrong
  • 4
    Rs. 2,518
    Correct
    Wrong
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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 

871 0

  • 1
    Rs . 320
    Correct
    Wrong
  • 2
    Rs . 308
    Correct
    Wrong
  • 3
    Rs . 300
    Correct
    Wrong
  • 4
    Rs . 287
    Correct
    Wrong
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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? 1277 0

  • 1
    4 years
    Correct
    Wrong
  • 2
    2 years
    Correct
    Wrong
  • 3
    3 years
    Correct
    Wrong
  • 4
    5 years
    Correct
    Wrong
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Answer : 2. "2 years"
Explanation :

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