Compound interest questions Practice Question and Answer

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. 

1530 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? 1519 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: 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? 1513 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 "

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?

1481 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: C.I. on a certain sum is Rs.1261 in 3 years at 5%. Find the sum? 1477 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:

A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.

1449 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    1568
    Correct
    Wrong
  • 4
    1750
    Correct
    Wrong
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Answer : 3. "1568 "

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? 1438 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:

Sanjay invested Rs. 48000 in two different parts one at 10% CI (Compounded half yearly) and another one at 15% SI. At the end of the year he received total interest Rs. 5490, then find the amount invested in SI?

1427 0

  • 1
    18000
    Correct
    Wrong
  • 2
    12000
    Correct
    Wrong
  • 3
    22000
    Correct
    Wrong
  • 4
    25000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "12000"

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