Compound interest questions Practice Question and Answer
8 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.
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6492d80dc7d7c7e067125d43- 1₹1,675false
- 2₹1,690false
- 3₹1,685false
- 4₹1,680true
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Answer : 4. "₹1,680"
Q: A person borrows Rs.1,00,000 from a bank at 10% per annum simple interest and clears the debt in five years. If the instalment paid at the end of the first, second, third and fourth years to clear the debt are Rs.10,000, Rs.20,000, Rs.30,000 and Rs.40,000, respectively, what amount should be paid at the end of the fifth year to clear the debt?
693 0647f312a51bf194753009b4d
647f312a51bf194753009b4d- 1Rs.40,450false
- 2Rs.36,450false
- 3Rs.39,490true
- 4Rs.38,250false
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Answer : 3. "Rs.39,490 "
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?
460 06479d977bf323e479a800d85
6479d977bf323e479a800d85- 126false
- 220true
- 315false
- 418false
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Answer : 2. "20 "
Q: Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.
447 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 sum of ₹14,375, when invested at r% interest per year compounded annually, amounts to ₹16,767 after two years. What is the value of r?
591 064477037883b29684408e50f
64477037883b29684408e50f- 19false
- 28true
- 37false
- 46false
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Answer : 2. "8"
Q: A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is:
500 0643e774d32185cce37429a41
643e774d32185cce37429a41- 1Rs. 5,000true
- 2Rs. 5,200false
- 3Rs. 5,280false
- 4Rs.5,400false
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Answer : 1. "Rs. 5,000"
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:
393 0643e76ae2d621da1169a28b4
643e76ae2d621da1169a28b4- 1Rs. 7,000false
- 2Rs. 7,200false
- 3Rs. 7,500true
- 4Rs. 7,700false
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Answer : 3. "Rs. 7,500"
Q: A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is:
429 0643e762d6d6383d2628e49e9
643e762d6d6383d2628e49e9- 1Rs. 9000false
- 2Rs. 8400false
- 3Rs. 7500false
- 4Rs. 8000true
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