Compound interest questions Practice Question and Answer

Q:

The sum of length, breadth and height of a cuboid is 25 cm. The length of its diagonal is 15 cm. Find the total surface area of the cuboid.

1645 0

  • 1
    $$ {200 cm^2}$$
    Correct
    Wrong
  • 2
    $$ {400 cm^2}$$
    Correct
    Wrong
  • 3
    $$ {500 cm^2}$$
    Correct
    Wrong
  • 4
    $$ {600 cm^2}$$
    Correct
    Wrong
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Answer : 2. "$$ {400 cm^2}$$"

Q:

A principal increases by 21% over 2 years with compound interest. What will be the simple interest in 4 years at the same interest rate of Rs 1000?

1606 0

  • 1
    320
    Correct
    Wrong
  • 2
    350
    Correct
    Wrong
  • 3
    400
    Correct
    Wrong
  • 4
    420
    Correct
    Wrong
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Answer : 3. "400"

Q: What will be Compound interest on Rs 2000 at 20% per annum rate for 1 year and 6 months, if interest is compounded on half-yearly basis. 1601 0

  • 1
    Rs 665
    Correct
    Wrong
  • 2
    Rs 656
    Correct
    Wrong
  • 3
    Rs 662
    Correct
    Wrong
  • 4
    Rs 663
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 662"
Explanation :

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Q:

A sum becomes Rs. 2916 in 2 years at 8 % per annum compound interest. The simple interest at 9% per annum for 3 years on the same amount will be 

1596 0

  • 1
    Rs. 650
    Correct
    Wrong
  • 2
    Rs. 625
    Correct
    Wrong
  • 3
    Rs. 600
    Correct
    Wrong
  • 4
    Rs. 675
    Correct
    Wrong
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Answer : 4. "Rs. 675 "

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? 1578 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:

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. 

1520 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 % "

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Answer : 1. "5000 "

Q:

A sum of money invested at compound interest amounts to Rs. 650 at the end of first year and Rs. 676 at the end of second year. The sum of money is 

1514 0

  • 1
    Rs. 625
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 600
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
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Answer : 1. "Rs. 625 "

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