Compound interest questions Practice Question and Answer
8 Q: On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is
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5f169bc49a713b0717cce1fe- 1Rs. 8750true
- 2Rs. 5780false
- 3Rs. 1080false
- 4Rs. 7805false
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Answer : 1. "Rs. 8750"
Q: A man invested a sum of money in Scheme A, at a rate of 15% per annum for simple interest, at the end of 2 years the amount received by him is invested in scheme B at 20% per annum for compound interest. If the interest received by him from scheme B at the end of 2 years is Rs. 2860, then find the sum invested by man in the beginning?
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6091e4327748471dd990e5bf- 15000true
- 26500false
- 33250false
- 4None of thesefalse
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Answer : 1. "5000 "
Q: Rashid borrowed Rs.15000 at the rate of 10% p.a. rate of compound interest, compound annually. He repaid a certain amount at the end of the first. Then he paid Rs. 12100 at the end of the 2nd year to completely discharge the loan. What amount did he repay at the end of 1st year?
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61b1ebba8b0b930f53fe3eb0- 14500false
- 25500true
- 36500false
- 45800false
- 5None of thesefalse
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Answer : 2. "5500"
Q: What would be the compound interest accrued on an amount of Rs.7850 at the rate of 14% per annum in two years?
1109 161962c3d1f864f699c35e225
61962c3d1f864f699c35e225- 1Rs.2351.86true
- 2Rs.2880.37false
- 3Rs.2518.22false
- 4Rs.2290.23false
- 5None of thesefalse
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Answer : 1. "Rs.2351.86 "
Q: A certain sum increases by 50 % in 5 years. Three sums x, y and z are lent for 10, 15 and 20 years respectively. If amount on each sum is equal, then find the ratio of x, y and z.
1047 06142c1fb71a4af142b0db182
6142c1fb71a4af142b0db182- 16 : 5 : 4false
- 29 : 4 : 6false
- 39 : 6 : 5false
- 49 : 6 : 4true
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Answer : 4. "9 : 6 : 4 "
Q: A sum of Rs. 6400 amounts to Rs. 6724 at 10% p.a. compounded quarterly. Find the time period.
4435 0611f6a03a395cc0fce02df41
611f6a03a395cc0fce02df41- 12 yearsfalse
- 23 yearsfalse
- 33/4 yearfalse
- 41/2 yeartrue
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Answer : 4. "1/2 year"
Q: A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?
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60fe348f3c8ced168c73d0f8- 11500false
- 21000true
- 33000false
- 42000false
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Answer : 2. "1000"
Q: The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?
1021 060fe342b81fb4616a6562d1d
60fe342b81fb4616a6562d1d- 112.5%false
- 220%false
- 310%true
- 45%false
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