Compound interest questions Practice Question and Answer
8 Q: The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is
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62fb5f738921e519c134fd86- 1Rs. 1331false
- 2Rs. 331true
- 3Rs. 300false
- 4Rs. 1300false
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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?
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632296b44eed097ecb55f91e- 12false
- 22.5true
- 33false
- 43.5false
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Answer : 2. "2.5"
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 ₹):
578 064bfb7ec2d3130f57553f325
64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true
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Answer : 4. "30,000"
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?
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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: 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.
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62fb5eff39a8157d9718306e- 114600false
- 212500false
- 314642false
- 414641true
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Answer : 4. "14641"
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?
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632294d43f5a4d2dcff4c76c- 11600false
- 21625.5false
- 31575.2true
- 42000false
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Answer : 3. "1575.2"
Q: A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is:
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643e762d6d6383d2628e49e9- 1Rs. 9000false
- 2Rs. 8400false
- 3Rs. 7500false
- 4Rs. 8000true
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Answer : 4. "Rs. 8000"
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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