Compound interest questions Practice Question and Answer
7 Q: Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.
429 064660871c899b466f455f929
64660871c899b466f455f929- 1₹ 3,276.40false
- 2₹ 2,948.60false
- 3₹ 3401.30false
- 4₹ 1,604.50true
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Answer : 4. "₹ 1,604.50"
Q: A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is:
420 0643e762d6d6383d2628e49e9
643e762d6d6383d2628e49e9- 1Rs. 9000false
- 2Rs. 8400false
- 3Rs. 7500false
- 4Rs. 8000true
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Answer : 4. "Rs. 8000"
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.
417 06492d80dc7d7c7e067125d43
6492d80dc7d7c7e067125d43- 1₹1,675false
- 2₹1,690false
- 3₹1,685false
- 4₹1,680true
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Answer : 4. "₹1,680"
Q: What is the difference (in ₹) between the simple interest and the compound interest on a sum of ₹8000 for $$32{2\over 5}$$ years at the rate of 10% p.a., when the interest is compounded yearly?
394 06489baaaf4063d472f4b2c68
6489baaaf4063d472f4b2c68- 1147.20true
- 2152.80false
- 3155false
- 4150false
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Answer : 1. "147.20 "
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:
393 064ba503e2d3130f57542e6ec
64ba503e2d3130f57542e6ec- 1₹1,850false
- 2₹1,880false
- 3₹1,820.50true
- 4₹1,773.75false
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Answer : 3. "₹1,820.50"
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 ₹):
390 064bfb7ec2d3130f57553f325
64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true
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Answer : 4. "30,000"
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:
383 0643e76ae2d621da1169a28b4
643e76ae2d621da1169a28b4- 1Rs. 7,000false
- 2Rs. 7,200false
- 3Rs. 7,500true
- 4Rs. 7,700false
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