Compound interest questions Practice Question and Answer

Q:

The compound interest on a certain sum for first two successive years are Rs. 100 and Rs. 172 respectively. Find the rate of interest.

549 0

  • 1
    63%
    Correct
    Wrong
  • 2
    72%
    Correct
    Wrong
  • 3
    55%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "10%"

Q:

A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of equivalent amount in next two years. If the rate of interest is 4% per annum, compounded. yearly, the cash value of the 50 scooter, is:

536 0

  • 1
    Rs. 40000
    Correct
    Wrong
  • 2
    Rs. 46824
    Correct
    Wrong
  • 3
    Rs. 46000
    Correct
    Wrong
  • 4
    Rs. 50000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 46824 "

Q:

A borrows an amount of ₹3,600 from B at a rate of 20% simple interest for 2 years and lends 75% of this amount to C at 20% compound interest for 2 years. A uses the remaining amount for his personal purpose. Find the total loss incurred by A.

520 0

  • 1
    ₹ 928
    Correct
    Wrong
  • 2
    ₹ 852
    Correct
    Wrong
  • 3
    ₹ 1152
    Correct
    Wrong
  • 4
    ₹1024
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹ 1152"

Q:

The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is

516 0

  • 1
    Rs. 1331
    Correct
    Wrong
  • 2
    Rs. 331
    Correct
    Wrong
  • 3
    Rs. 300
    Correct
    Wrong
  • 4
    Rs. 1300
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 331"

Q:

A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is: 

503 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 5,200
    Correct
    Wrong
  • 3
    Rs. 5,280
    Correct
    Wrong
  • 4
    Rs.5,400
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 5,000"

Q:

What will be the difference between the compound interest and the simple interest on a sum of 1000 for 2 years at 5% per annum?

493 0

  • 1
    2
    Correct
    Wrong
  • 2
    2.5
    Correct
    Wrong
  • 3
    3
    Correct
    Wrong
  • 4
    3.5
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "2.5"

Q:

What will be the compound interest on Rs 10000 for 3 years when the rate of interest is 4% in the first year, 5% in the second year and 6% in the third year?

484 0

  • 1
    1600
    Correct
    Wrong
  • 2
    1625.5
    Correct
    Wrong
  • 3
    1575.2
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "1575.2"

Q:

Rs. 10,000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half yearly.

482 0

  • 1
    14600
    Correct
    Wrong
  • 2
    12500
    Correct
    Wrong
  • 3
    14642
    Correct
    Wrong
  • 4
    14641
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "14641"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully