Compound interest questions Practice Question and Answer
8 Q: What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
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641311a0b34a0b67fce4d10d- 1₹5,280false
- 2₹4,820false
- 3₹6,080false
- 4₹5,040true
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Answer : 4. "₹5,040"
Q: There is 40 % increase in an amount in 8 years at simple interest. What will be the compound interest (in rupees) of Rs 30000 after 2 years at the same rate?
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5dd63c02db51363c023955b6- 16150false
- 27687.5false
- 34612.5false
- 43075true
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Answer : 4. "3075 "
Q: A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is –
2944 05d91f611ba60a61545bf9bba
5d91f611ba60a61545bf9bba- 1Rs 9727false
- 2Rs 2432false
- 3Rs 4864true
- 4Rs 1216false
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Answer : 3. "Rs 4864"
Q: In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
948 05f15435ecf79540a75334ff6
5f15435ecf79540a75334ff6- 13 yearsfalse
- 25 yearsfalse
- 32 yearstrue
- 44 yearsfalse
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Answer : 3. "2 years"
Q: On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
1084 05d7f23197f06bc6981e060d7
5d7f23197f06bc6981e060d7- 1Rs 1500false
- 2Rs. 1200false
- 3Rs. 1100false
- 4Rs. 1000true
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Answer : 4. "Rs. 1000"
Q: A sum of ₹4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is ₹352. The sum lent at 8% is
648 26343e830e76f2264c5dfc78e
6343e830e76f2264c5dfc78e- 1₹2900false
- 2₹2200false
- 3₹2400true
- 4₹3100false
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Answer : 3. "₹2400"
Q: ₹26100 is divided between Mohan and Shyam so that the interest that Mohan receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4% per annum then Mohan's share is :
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6343e7991bfb042f96b00045- 1₹8,500false
- 2₹17,400false
- 3₹8,700false
- 4₹19,000true
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Answer : 4. "₹19,000"
Q: What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?
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632297804eed097ecb55fefa- 134846false
- 234481true
- 319448false
- 437946false
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