Compound interest questions Practice Question and Answer

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.

629 0

  • 1
    ₹ 928
    Correct
    Wrong
  • 2
    ₹ 852
    Correct
    Wrong
  • 3
    ₹ 1152
    Correct
    Wrong
  • 4
    ₹1024
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "₹ 1152"

Q:

A certain sum is lent at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the simple interest obtained is ₹27,600, then the sum is (in ₹):

622 0

  • 1
    25,000
    Correct
    Wrong
  • 2
    32,000
    Correct
    Wrong
  • 3
    27,000
    Correct
    Wrong
  • 4
    30,000
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "30,000"

Q:

The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is

605 0

  • 1
    Rs. 1331
    Correct
    Wrong
  • 2
    Rs. 331
    Correct
    Wrong
  • 3
    Rs. 300
    Correct
    Wrong
  • 4
    Rs. 1300
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "Rs. 331"

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?

604 0

  • 1
    2
    Correct
    Wrong
  • 2
    2.5
    Correct
    Wrong
  • 3
    3
    Correct
    Wrong
  • 4
    3.5
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "2.5"

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?

596 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
  • Show Answer
  • Workspace

Answer : 1. "Rs. 6,000"

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.

588 0

  • 1
    14600
    Correct
    Wrong
  • 2
    12500
    Correct
    Wrong
  • 3
    14642
    Correct
    Wrong
  • 4
    14641
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "14641"

Q:

A sum of Rs. 6,000 is deposited for 3 years at 5% per annuam compound interest (compoun- ded annually). The difference of interests for 3 and 2 years will be:

579 0

  • 1
    Rs. 75.00
    Correct
    Wrong
  • 2
    Rs. 30.75
    Correct
    Wrong
  • 3
    Rs. 330.75
    Correct
    Wrong
  • 4
    Rs. 375.00
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "Rs. 330.75 "

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?

576 0

  • 1
    1600
    Correct
    Wrong
  • 2
    1625.5
    Correct
    Wrong
  • 3
    1575.2
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "1575.2"

  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