Compound interest questions Practice Question and Answer

Q:

What is compound interest accrued on an amount of Rs 45000 in 2 yr @ 9% per annum ? 

1303 0

  • 1
    Rs 8600
    Correct
    Wrong
  • 2
    Rs 8565.40
    Correct
    Wrong
  • 3
    Rs 8464.50
    Correct
    Wrong
  • 4
    Rs 8540
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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 0

  • 1
    3.5 %
    Correct
    Wrong
  • 2
    14 %
    Correct
    Wrong
  • 3
    7 %
    Correct
    Wrong
  • 4
    21 %
    Correct
    Wrong
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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 1

  • 1
    5,000
    Correct
    Wrong
  • 2
    10,000
    Correct
    Wrong
  • 3
    8,000
    Correct
    Wrong
  • 4
    9,000
    Correct
    Wrong
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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 0

  • 1
    4500
    Correct
    Wrong
  • 2
    5500
    Correct
    Wrong
  • 3
    6500
    Correct
    Wrong
  • 4
    5800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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 0

  • 1
    4 years
    Correct
    Wrong
  • 2
    2 years
    Correct
    Wrong
  • 3
    3 years
    Correct
    Wrong
  • 4
    5 years
    Correct
    Wrong
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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 0

  • 1
    27 years
    Correct
    Wrong
  • 2
    36 years
    Correct
    Wrong
  • 3
    45 years
    Correct
    Wrong
  • 4
    54 years
    Correct
    Wrong
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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 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:

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 0

  • 1
    60,000
    Correct
    Wrong
  • 2
    70,000
    Correct
    Wrong
  • 3
    55,000
    Correct
    Wrong
  • 4
    50,000
    Correct
    Wrong
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Answer : 4. "50,000"

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