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. 1431 1

  • 1
    15000
    Correct
    Wrong
  • 2
    12000
    Correct
    Wrong
  • 3
    14000
    Correct
    Wrong
  • 4
    13000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "15000"

Q: The difference between C.I and S.I is Rs 200 at 5% for 2 years. Find the principal? 1803 2

  • 1
    80,000
    Correct
    Wrong
  • 2
    40,000
    Correct
    Wrong
  • 3
    20,000
    Correct
    Wrong
  • 4
    10,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "80,000"
Explanation :

undefined

Q: C.I. on a certain sum is Rs.1261 in 3 years at 5%. Find the sum? 1303 1

  • 1
    5,000
    Correct
    Wrong
  • 2
    10,000
    Correct
    Wrong
  • 3
    8,000
    Correct
    Wrong
  • 4
    9,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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.

1121 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
  • Show AnswerHide Answer
  • Workspace

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?

1229 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
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs.5000 "

Q:

What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?

910 0

  • 1
    618
    Correct
    Wrong
  • 2
    612
    Correct
    Wrong
  • 3
    624
    Correct
    Wrong
  • 4
    606
    Correct
    Wrong
  • 5
    621
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 

1778 0

  • 1
    Rs. 1,050
    Correct
    Wrong
  • 2
    Rs. 500
    Correct
    Wrong
  • 3
    Rs. 450
    Correct
    Wrong
  • 4
    Rs. 600
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

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 –

3674 0

  • 1
    Rs. 125000
    Correct
    Wrong
  • 2
    Rs. 135200
    Correct
    Wrong
  • 3
    Rs. 152000
    Correct
    Wrong
  • 4
    Rs. 108200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 135200 "

      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