Compound interest questions Practice Question and Answer
8 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?
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64a5420965d2524cbf0bef36- 1₹10,123.20true
- 2₹9,824.00false
- 3₹10,520.00false
- 4₹9,956.86false
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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?
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643e72c832185cce37427733- 120%true
- 232%false
- 350%false
- 480%false
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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 064dcbe5a462ecdc3adb4aa4c
64dcbe5a462ecdc3adb4aa4c- 1Rs. 6,000true
- 2Rs. 4,800false
- 3Rs. 3,600false
- 4Rs. 2,400false
- 5Rs. 3,400false
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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 0643e730b01d99786d0f0b1ee
643e730b01d99786d0f0b1ee- 1Rs. 2980false
- 2Rs. 3091false
- 3Rs. 3109true
- 4Rs. 3100false
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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 0643e75be72ca731a993c75bb
643e75be72ca731a993c75bb- 1Rs. 6,000false
- 2Rs. 5,500false
- 3Rs. 5,000true
- 4Rs. 4,500false
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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 06479d977bf323e479a800d85
6479d977bf323e479a800d85- 126false
- 220true
- 315false
- 418false
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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.
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62fb66b78921e519c1350a0f- 1Rs. 2400true
- 2Rs. 3025false
- 3Rs. 2420false
- 4Rs. 4220false
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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 064660871c899b466f455f929
64660871c899b466f455f929- 1₹ 3,276.40false
- 2₹ 2,948.60false
- 3₹ 3401.30false
- 4₹ 1,604.50true
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