Compound interest questions Practice Question and Answer
8 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.
673 062fb67278921e519c135135a
62fb67278921e519c135135a- 163%false
- 272%false
- 355%false
- 410%true
- Show Answer
- Workspace
- SingleChoice
Answer : 4. "10%"
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’.
670 064d4bb50d02c5c746bdc5bfb
64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
- Show Answer
- Workspace
- SingleChoice
Answer : 2. " Rs. 1500"
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:
665 0643e750e2d621da1169a25d3
643e750e2d621da1169a25d3- 1Rs. 40000false
- 2Rs. 46824true
- 3Rs. 46000false
- 4Rs. 50000false
- Show Answer
- Workspace
- SingleChoice
Answer : 2. "Rs. 46824 "
Q: A money-lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way; he ghins Rs. 104.50 a year. The amount of money he borrows, is:
657 0643e75be72ca731a993c75bb
643e75be72ca731a993c75bb- 1Rs. 6,000false
- 2Rs. 5,500false
- 3Rs. 5,000true
- 4Rs. 4,500false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "Rs. 5,000 "
Q: The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:
641 0643e730b01d99786d0f0b1ee
643e730b01d99786d0f0b1ee- 1Rs. 2980false
- 2Rs. 3091false
- 3Rs. 3109true
- 4Rs. 3100false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "Rs. 3109 "
Q: What is the compound interest on a sum of ₹25,000 after three years at a rate of 12 per cent per annum interest compounded yearly?
631 064a5420965d2524cbf0bef36
64a5420965d2524cbf0bef36- 1₹10,123.20true
- 2₹9,824.00false
- 3₹10,520.00false
- 4₹9,956.86false
- Show Answer
- Workspace
- SingleChoice
Answer : 1. "₹10,123.20 "
Q: A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is:
631 0643e774d32185cce37429a41
643e774d32185cce37429a41- 1Rs. 5,000true
- 2Rs. 5,200false
- 3Rs. 5,280false
- 4Rs.5,400false
- Show Answer
- Workspace
- SingleChoice
Answer : 1. "Rs. 5,000"
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.
627 06430109b32185cce37265188
6430109b32185cce37265188- 1₹ 928false
- 2₹ 852false
- 3₹ 1152true
- 4₹1024false
- Show Answer
- Workspace
- SingleChoice