Compound interest questions Practice Question and Answer
8 Q: What is compound interest accrued on an amount of Rs 45000 in 2 yr @ 9% per annum ?
1303 05e6c8683b8843673942af96a
5e6c8683b8843673942af96a- 1Rs 8600false
- 2Rs 8565.40false
- 3Rs 8464.50true
- 4Rs 8540false
- 5None of thesefalse
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Answer : 3. "Rs 8464.50"
Q: On a certain principal if the simple interest for two years is Rs. 1400 and compound interest for the two years is Rs. 1449, what is the rate of interest?
1303 05e86cf2cb22d214bc7c92e25
5e86cf2cb22d214bc7c92e25- 13.5 %false
- 214 %false
- 37 %true
- 421 %false
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Answer : 3. "7 % "
Q: C.I. on a certain sum is Rs.1261 in 3 years at 5%. Find the sum? 1285 15d12154636b7496de237f5d6
5d12154636b7496de237f5d6- 15,000false
- 210,000false
- 38,000true
- 49,000false
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Answer : 3. "8,000 "
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?
1282 061b1ebba8b0b930f53fe3eb0
61b1ebba8b0b930f53fe3eb0- 14500false
- 25500true
- 36500false
- 45800false
- 5None of thesefalse
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Answer : 2. "5500"
Q: Rs 1250 becomes Rs 1352 after a certain period at the rate of 4% per annum. Find out the period of investment, if interest add in principal after every year? 1275 05d12146236b7496de237f5d1
5d12146236b7496de237f5d1- 14 yearsfalse
- 22 yearstrue
- 33 yearsfalse
- 45 yearsfalse
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Answer : 2. "2 years"
Explanation :
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Q: A sum of money placed at compound interest triples itself in 9 year. In how many years will if amount to 243 times itself?
1272 05f4e171f7e85226ee746d291
5f4e171f7e85226ee746d291- 127 yearsfalse
- 236 yearsfalse
- 345 yearstrue
- 454 yearsfalse
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Answer : 3. "45 years"
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
1265 05f16b6bacf79540a75393d88
5f16b6bacf79540a75393d88- 1Rs. 650false
- 2Rs. 625false
- 3Rs. 600false
- 4Rs. 675true
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Answer : 4. "Rs. 675 "
Q: When a amount is given at a compound interest rate of 18% per annum, the interest received on compound annual payable in two years will be Rs 960 more than half yearly interest. What is the amount?
1239 05f892f5de6aa3e1d0bd231de
5f892f5de6aa3e1d0bd231de- 160,000false
- 270,000false
- 355,000false
- 450,000true
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