Compound interest questions Practice Question and Answer
8Q: Difference between C.I and S.I for 3 years at 10% is Rs 465. Find the principal. 1732 15d12128a36b7496de237f5cc
5d12128a36b7496de237f5cc- 115000true
- 212000false
- 314000false
- 413000false
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Answer : 1. "15000"
Q: The difference between C.I and S.I is Rs 200 at 5% for 2 years. Find the principal? 2125 25d121376dea5da6dbe8bf27a
5d121376dea5da6dbe8bf27a- 180,000true
- 240,000false
- 320,000false
- 410,000false
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Answer : 1. "80,000"
Explanation :
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Q: C.I. on a certain sum is Rs.1261 in 3 years at 5%. Find the sum? 1487 15d12154636b7496de237f5d6
5d12154636b7496de237f5d6- 15,000false
- 210,000false
- 38,000true
- 49,000false
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Answer : 3. "8,000 "
Q: Vijay lent Rs.5000. At what rate percent per annum he lent the money?
Statement I: The difference between the simple interest and compound interest on same money is Rs.60.
Statement II: The simple interest obtained after 4 years is Rs.300.
Statement III: The difference between compound interest and simple interest on Rs.60,000 in 2 years is Rs.1350.
1230 05df9c27d9e7c624c9bfed7ec
5df9c27d9e7c624c9bfed7ecStatement I: The difference between the simple interest and compound interest on same money is Rs.60.
Statement II: The simple interest obtained after 4 years is Rs.300.
Statement III: The difference between compound interest and simple interest on Rs.60,000 in 2 years is Rs.1350.
- 1Only I and II together are sufficientfalse
- 2Either II or III are sufficienttrue
- 3Any two of the three are sufficientfalse
- 4All three together are neededfalse
- 5Even all together are not sufficientfalse
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Answer : 2. "Either II or III are sufficient"
Q: A person can buy a refrigerator for Rs.15,850 on cash payment or in installments for every year at 10% p.a for four years compounded annually. What is the approximate annual installment that he should pay?
1357 05df9c47a9e7c624c9bfedf30
5df9c47a9e7c624c9bfedf30- 1Rs.6000false
- 2Rs.5500false
- 3Rs.5000true
- 4Rs.5200false
- 5Rs.4500false
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Answer : 3. "Rs.5000 "
Q: What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?
1099 05df0b7133d76f974e561f1c6
5df0b7133d76f974e561f1c6- 1618false
- 2612true
- 3624false
- 4606false
- 5621false
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Answer : 2. "612"
Q: B borrows 5,000 from A at 6 % p.a. simple interest and lends it to C at compound interest of 10 % p.a. If B collects the money back from C after 2 years and repays A, the profit made by B in the transaction is
1886 05dd63d7b7780ee35515b293c
5dd63d7b7780ee35515b293c- 1Rs. 1,050false
- 2Rs. 500false
- 3Rs. 450true
- 4Rs. 600false
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Answer : 3. "Rs. 450 "
Q: Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is –
3821 05dd63d177780ee35515b2933
5dd63d177780ee35515b2933- 1Rs. 125000false
- 2Rs. 135200true
- 3Rs. 152000false
- 4Rs. 108200false
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