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.
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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:
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- 2Rs. 46824true
- 3Rs. 46000false
- 4Rs. 50000false
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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.
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- 2₹ 852false
- 3₹ 1152true
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Answer : 3. "₹ 1152"
Q: The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is
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- 2Rs. 331true
- 3Rs. 300false
- 4Rs. 1300false
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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:
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643e774d32185cce37429a41- 1Rs. 5,000true
- 2Rs. 5,200false
- 3Rs. 5,280false
- 4Rs.5,400false
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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?
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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?
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- 21625.5false
- 31575.2true
- 42000false
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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.
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