Compound interest questions Practice Question and Answer
8Q: Mr Amin borrowed a certain sum from Mr Visvas. He borrowed for first 2 year at 8% per annum, for next 3 years at 11% per annum and beyond that at 14% per annum. Mr Amin paid Rs 10,920 as Simple interest in 8 years. Find how much he had borrowed? 1989 05d1206c74702d75f76883252
5d1206c74702d75f76883252- 1Rs 12000true
- 2Rs 15000false
- 3Rs 14000false
- 4Data insufficientfalse
- 5None of thesefalse
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Answer : 1. "Rs 12000"
Explanation :
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Q: A principal of Rs. 6120 becomes Rs. 8330 in 2 years when compounded annually at some rate of interest. How much will be the amount if the same principal was compounded half-yearly?
1988 05e78bf0e4572817353d4744d
5e78bf0e4572817353d4744d- 1Rs. 8430true
- 2Rs. 8500false
- 3Rs. 8300false
- 4Rs. 8750false
- 5None of thesefalse
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Answer : 1. "Rs. 8430"
Q: Mr. Tiwari invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -
1951 05ee217c7ef054905196ffa10
5ee217c7ef054905196ffa10- 1Rs.12000false
- 2Rs.13500false
- 3Rs.15000true
- 4Rs.16500false
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Answer : 3. "Rs.15000 "
Q: Sita deposited Rs . 5,000 at 10 % simple interest for 2 years. How much more money will Sita have in her account at the end of two years. If it is compounded semiannually.
1881 05f16b7aecf79540a75393e43
5f16b7aecf79540a75393e43- 1Rs. 77.50true
- 2Rs. 85.50false
- 3Rs. 50false
- 4Rs. 40false
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Answer : 1. "Rs. 77.50 "
Q: The difference between C.I and S.I is Rs 200 at 5% for 2 years. Find the principal? 1801 25d121376dea5da6dbe8bf27a
5d121376dea5da6dbe8bf27a- 180,000true
- 240,000false
- 320,000false
- 410,000false
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Answer : 1. "80,000"
Explanation :
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Q: B borrows 5,000 from A at 6 % p.a. simple interest and lends it to C at compound interest of 10 % p.a. If B collects the money back from C after 2 years and repays A, the profit made by B in the transaction is
1777 05dd63d7b7780ee35515b293c
5dd63d7b7780ee35515b293c- 1Rs. 1,050false
- 2Rs. 500false
- 3Rs. 450true
- 4Rs. 600false
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Answer : 3. "Rs. 450 "
Q: The simple interest accrued on an amount of Rs 15,000 at the end of three year is Rs 2,250. What would be the compound interest accrued on the same amount at the same rate in the same period? 1772 05d11f893557b295f691f656a
5d11f893557b295f691f656a- 1Rs 8934.6784false
- 2Rs 8017.5744false
- 3Rs 7861.8754false
- 4Cannot be determinedfalse
- 5None of thesetrue
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Answer : 5. "None of these"
Q: If the amount is $$ 3{3\over8}\% $$ times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is
1709 05e7f49c41425f51f3ac3cbb5
5e7f49c41425f51f3ac3cbb5- 125%false
- 250%true
- 316.66%false
- 433.33%false
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