Compound interest questions Practice Question and Answer

Q: Difference between C.I and S.I for 3 years at 10% is Rs 465. Find the principal. 1412 1

  • 1
    15000
    Correct
    Wrong
  • 2
    12000
    Correct
    Wrong
  • 3
    14000
    Correct
    Wrong
  • 4
    13000
    Correct
    Wrong
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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? 1783 2

  • 1
    80,000
    Correct
    Wrong
  • 2
    40,000
    Correct
    Wrong
  • 3
    20,000
    Correct
    Wrong
  • 4
    10,000
    Correct
    Wrong
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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? 1286 1

  • 1
    5,000
    Correct
    Wrong
  • 2
    10,000
    Correct
    Wrong
  • 3
    8,000
    Correct
    Wrong
  • 4
    9,000
    Correct
    Wrong
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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.

1103 0

  • 1
    Only I and II together are sufficient
    Correct
    Wrong
  • 2
    Either II or III are sufficient
    Correct
    Wrong
  • 3
    Any two of the three are sufficient
    Correct
    Wrong
  • 4
    All three together are needed
    Correct
    Wrong
  • 5
    Even all together are not sufficient
    Correct
    Wrong
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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?

1215 0

  • 1
    Rs.6000
    Correct
    Wrong
  • 2
    Rs.5500
    Correct
    Wrong
  • 3
    Rs.5000
    Correct
    Wrong
  • 4
    Rs.5200
    Correct
    Wrong
  • 5
    Rs.4500
    Correct
    Wrong
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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?

895 0

  • 1
    618
    Correct
    Wrong
  • 2
    612
    Correct
    Wrong
  • 3
    624
    Correct
    Wrong
  • 4
    606
    Correct
    Wrong
  • 5
    621
    Correct
    Wrong
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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 

1762 0

  • 1
    Rs. 1,050
    Correct
    Wrong
  • 2
    Rs. 500
    Correct
    Wrong
  • 3
    Rs. 450
    Correct
    Wrong
  • 4
    Rs. 600
    Correct
    Wrong
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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 –

3658 0

  • 1
    Rs. 125000
    Correct
    Wrong
  • 2
    Rs. 135200
    Correct
    Wrong
  • 3
    Rs. 152000
    Correct
    Wrong
  • 4
    Rs. 108200
    Correct
    Wrong
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Answer : 2. "Rs. 135200 "

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