Compound interest questions Practice Question and Answer

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?  

482 0

  • 1
    ₹10,123.20
    Correct
    Wrong
  • 2
    ₹9,824.00
    Correct
    Wrong
  • 3
    ₹10,520.00
    Correct
    Wrong
  • 4
    ₹9,956.86
    Correct
    Wrong
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Answer : 1. "₹10,123.20 "

Q:

At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?

475 0

  • 1
    20%
    Correct
    Wrong
  • 2
    32%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    80%
    Correct
    Wrong
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Answer : 1. "20% "

Q:

The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited?

474 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 4,800
    Correct
    Wrong
  • 3
    Rs. 3,600
    Correct
    Wrong
  • 4
    Rs. 2,400
    Correct
    Wrong
  • 5
    Rs. 3,400
    Correct
    Wrong
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Answer : 1. "Rs. 6,000"

Q:

The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:

468 0

  • 1
    Rs. 2980
    Correct
    Wrong
  • 2
    Rs. 3091
    Correct
    Wrong
  • 3
    Rs. 3109
    Correct
    Wrong
  • 4
    Rs. 3100
    Correct
    Wrong
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Answer : 3. "Rs. 3109 "

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:

466 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 5,500
    Correct
    Wrong
  • 3
    Rs. 5,000
    Correct
    Wrong
  • 4
    Rs. 4,500
    Correct
    Wrong
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Answer : 3. "Rs. 5,000 "

Q:

A sum invested at compound inrerest amounts to ₹7,800 in 3 years and ₹11,232 in 5 years. What is the rate per cent? 

462 0

  • 1
    26
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
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Answer : 2. "20 "

Q:

If the present worth of a certain sum due 2 years hence at 10% per annum at a compound interest principal is Rs. 2500, find the amount.

454 0

  • 1
    Rs. 2400
    Correct
    Wrong
  • 2
    Rs. 3025
    Correct
    Wrong
  • 3
    Rs. 2420
    Correct
    Wrong
  • 4
    Rs. 4220
    Correct
    Wrong
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Answer : 1. "Rs. 2400 "

Q:

Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.

451 0

  • 1
    ₹ 3,276.40
    Correct
    Wrong
  • 2
    ₹ 2,948.60
    Correct
    Wrong
  • 3
    ₹ 3401.30
    Correct
    Wrong
  • 4
    ₹ 1,604.50
    Correct
    Wrong
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Answer : 4. "₹ 1,604.50"

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