Compound interest questions Practice Question and Answer

Q: A borrows a sum at 6% per annum. Rate is to be increased by 5% each year. After four year he pays Rs.3375 as simple interest. How much had he borrowed? 1472 0

  • 1
    12,000
    Correct
    Wrong
  • 2
    12500
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    8,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "12500"
Explanation :

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Q: A sum is lent for 4 years at simple interest. Had the rate been 3% less, simple interest received would also have been Rs. 96 less. Find the principal? 1458 0

  • 1
    900
    Correct
    Wrong
  • 2
    800
    Correct
    Wrong
  • 3
    700
    Correct
    Wrong
  • 4
    1200
    Correct
    Wrong
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Answer : 2. "800"

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Answer : 1. "5000 "

Q: Difference between C.I and S.I for 3 years at 10% is Rs 465. Find the principal. 1429 1

  • 1
    15000
    Correct
    Wrong
  • 2
    12000
    Correct
    Wrong
  • 3
    14000
    Correct
    Wrong
  • 4
    13000
    Correct
    Wrong
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Answer : 1. "15000"

Q:

An amount of money at compound interest grows up to Rs. 3,840 in 4 years and up to Rs. 3,936 in 5 years. Find the rate of interest. 

1426 0

  • 1
    3.5 %
    Correct
    Wrong
  • 2
    2.05 %
    Correct
    Wrong
  • 3
    2.5 %
    Correct
    Wrong
  • 4
    2 %
    Correct
    Wrong
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Answer : 3. "2.5 % "

Q: Difference between C.I and S.I is Rs.35 at 5% per annum for 2 years. What is the principal? 1422 1

  • 1
    14,000
    Correct
    Wrong
  • 2
    12,000
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    15,000
    Correct
    Wrong
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Answer : 1. "14,000"

Q:

In how much time the money of Rs 6400 will be Rs 6561 at the rate of 5 percent annual interest if the compound interest is payable quarterly?

1380 0

  • 1
    6 Month
    Correct
    Wrong
  • 2
    12 Month
    Correct
    Wrong
  • 3
    24 Month
    Correct
    Wrong
  • 4
    18 Month
    Correct
    Wrong
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Answer : 1. "6 Month"

Q: Sudhanshu invested Rs.15,000 at interest 10 percent at per annum for one year. If the interest is compounded every six months what amount will Sudhanshu get at the end of the year? 1353 0

  • 1
    Rs. 16,537.50
    Correct
    Wrong
  • 2
    Rs.16,500
    Correct
    Wrong
  • 3
    Rs. 16,525.50
    Correct
    Wrong
  • 4
    Rs.18,150
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 16,537.50 "

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