Compound interest questions Practice Question and Answer

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.

561 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.

561 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"

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? 

561 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 interest be compounded half-yearly, then find the compound interest on ₹8,000 at the rate of 20% per annum for 1 year. 

559 0

  • 1
    ₹1,675
    Correct
    Wrong
  • 2
    ₹1,690
    Correct
    Wrong
  • 3
    ₹1,685
    Correct
    Wrong
  • 4
    ₹1,680
    Correct
    Wrong
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Answer : 4. "₹1,680"

Q:

The compound interest on a sum of ₹5,500 at 15% p.a. for 2 years, when the interest is  compounded 8 monthly, is:

556 0

  • 1
    ₹1,850
    Correct
    Wrong
  • 2
    ₹1,880
    Correct
    Wrong
  • 3
    ₹1,820.50
    Correct
    Wrong
  • 4
    ₹1,773.75
    Correct
    Wrong
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Answer : 3. "₹1,820.50"

Q:

What is the difference (in ₹) between the simple interest and the compound interest on a sum of ₹8000 for years at the rate of 10% p.a., when the interest is compounded yearly?

546 0

  • 1
    147.20
    Correct
    Wrong
  • 2
    152.80
    Correct
    Wrong
  • 3
    155
    Correct
    Wrong
  • 4
    150
    Correct
    Wrong
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Answer : 1. "147.20 "

Q:

A certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7,803 at the end of one year. The sum is: 

523 0

  • 1
    Rs. 7,000
    Correct
    Wrong
  • 2
    Rs. 7,200
    Correct
    Wrong
  • 3
    Rs. 7,500
    Correct
    Wrong
  • 4
    Rs. 7,700
    Correct
    Wrong
  • Show Answer
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Answer : 3. "Rs. 7,500"

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