Compound interest questions Practice Question and Answer
8 Q: A sum of ₹4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is ₹352. The sum lent at 8% is
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6343e830e76f2264c5dfc78e- 1₹2900false
- 2₹2200false
- 3₹2400true
- 4₹3100false
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Answer : 3. "₹2400"
Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
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60632eb38278fd441927b739- 145 yearstrue
- 248 yearsfalse
- 354 yearsfalse
- 460 yearsfalse
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Answer : 1. "45 years "
Q: Rachit invests ₹12,000 for a 2-year period at a certain rate of simple interest per annum. Prasad invests ₹12,000 for a 2- year period at the same rate of interest per annum as Rachit, but in Prasad's case the interest is compounded annually. Find the rate of interest per annum if Prasad receives ₹172.80 more as interest than Rachit at the end of the 2-year period.
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6426e1f67ac9a186e4dea0f5- 110%false
- 28%false
- 312%true
- 45%false
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Answer : 3. "12%"
Q: What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?
606 0632297804eed097ecb55fefa
632297804eed097ecb55fefa- 134846false
- 234481true
- 319448false
- 437946false
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Answer : 2. "34481"
Q: A sum of ₹14,375, when invested at r% interest per year compounded annually, amounts to ₹16,767 after two years. What is the value of r?
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64477037883b29684408e50f- 19false
- 28true
- 37false
- 46false
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Answer : 2. "8"
Q: What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
578 0641311a0b34a0b67fce4d10d
641311a0b34a0b67fce4d10d- 1₹5,280false
- 2₹4,820false
- 3₹6,080false
- 4₹5,040true
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Answer : 4. "₹5,040"
Q: ₹12,000 is lent for one year t the rate of 15% per annum, the interest being compounded annually. If the compounding of the interest is done half- yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum?
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6426db149d18d2e8ae1df1f9- 1₹72.5false
- 2₹82.8false
- 3₹60.5false
- 4₹67.5true
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Answer : 4. "₹67.5"
Q: A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’.
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64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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