Compound interest questions Practice Question and Answer
8 Q: One certain Principal if the Simple interest for two years is Rs 2400 and Compound interest for the two years is Rs 2544, what is the rate of Interest?
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5dd63c4f7780ee35515b2921- 112 %true
- 26 %false
- 324 %false
- 418 %false
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Answer : 1. "12 % "
Q: A sum of Rs. 6400 amounts to Rs. 6724 at 10% p.a. compounded quarterly. Find the time period.
4443 0611f6a03a395cc0fce02df41
611f6a03a395cc0fce02df41- 12 yearsfalse
- 23 yearsfalse
- 33/4 yearfalse
- 41/2 yeartrue
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Answer : 4. "1/2 year"
Q: Find the difference of CI and SI on a sum of Rs. 30240 invested for 3 years at rate of interest per annum.
4263 160c0a13e590e633a7d38e2b1
60c0a13e590e633a7d38e2b1- 1Rs. 2500false
- 2Rs. 2440false
- 3Rs. 2660true
- 4Rs. 3120false
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Answer : 3. "Rs. 2660"
Q: Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is –
3674 05dd63d177780ee35515b2933
5dd63d177780ee35515b2933- 1Rs. 125000false
- 2Rs. 135200true
- 3Rs. 152000false
- 4Rs. 108200false
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Answer : 2. "Rs. 135200 "
Q: The simple interest on Rs. 12000 at a certain rate of interest in five years is Rs. 7200. Find the compound interest on the same amount for five years at the same rate of interest.
3644 05f4f648482369c1d61196109
5f4f648482369c1d61196109- 1Rs. 3502.80false
- 2Rs. 3052.40false
- 3Rs. 3054.80false
- 4Rs. 3052.80true
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Answer : 4. "Rs. 3052.80"
Q: Monica deposited a total of Rs. 10500 with a bank in two different deposit schemes at 10% p.a., interest being compounded annually. As per the schemes, she gets the same amount after 2 years on the first deposit as she gets after 3 years on the second deposit. How much money did she deposit for 3 years?
3507 05fd1e18c4ae2934b44f63b7f
5fd1e18c4ae2934b44f63b7f- 1Rs. 4500false
- 2Rs. 5000true
- 3Rs. 6500false
- 4Rs. 7200false
- 5None of thesefalse
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Answer : 2. "Rs. 5000"
Q: A bank offers 15 % compound interest per half-year. A customer deposits Rs 2400 each on 1 January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is –
3410 05dd63ca17780ee35515b292a
5dd63ca17780ee35515b292a- 1Rs. 2268false
- 2Rs. 1134true
- 3Rs. 567false
- 4Rs. 283false
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Answer : 2. "Rs. 1134 "
Q: Rajnish borrowed ₹1,500 from a bank and repaid the entire amount with interest in two equal annual instalments, the first instalment being paid a year after Rajnish borrowed from the bank. If the rate of interest was 40% per annum, compounded annually, then what was the value (in ₹) of each instalment paid by Rajnish?
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64b504fd36fc1bf576508650- 11125false
- 21470false
- 31225true
- 41350false
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