Compound interest questions Practice Question and Answer
8 Q: A borrowed Rs.1500 at 4% per annum and Rs.1400 at 5% per annum for the same period. He paid Rs.390 as total interest. Find the time for which he borrowed the sum.
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60b4ae54517f2874d53f4e0e- 13 yearstrue
- 23.5 yearsfalse
- 34.5 yearsfalse
- 44 yearsfalse
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Answer : 1. "3 years"
Q: If the difference between the compound interest and simple interest on a certain sum at 5% per annum for 3 years is Rs.11.40, what is the approximate sum?
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60a214043c86b056326105e4- 1Rs.1475false
- 2Rs.1585false
- 3Rs.1485false
- 4Rs.1495true
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Answer : 4. "Rs.1495"
Q: The compound interest on a certain sum of money for 2 years at 5% per annum is Rs. 410. The simple interest on the same sum at the same rate and for the same time is-
715 0609a66824587a93a1dc85718
609a66824587a93a1dc85718- 1Rs. 350false
- 2Rs. 405false
- 3Rs. 400true
- 4Rs. 300false
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Answer : 3. "Rs. 400"
Q: Anu invested Rs. 15000 at the rate of interest 10% p.a. for one year. If the compound interest is compounded at every six months, what amount will Anu get at the end of the year?
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609910dbc4aedb3e8066b325- 1Rs. 16525.50false
- 2Rs. 18150false
- 3Rs. 16537.50true
- 4Rs. 16500false
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Answer : 3. "Rs. 16537.50"
Q: A person invested Rs 3000 on compound interest for two years. If the rate of interest is the 25 % for the first year and 20 % for the second year. Then find the CI?
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6080476b11c2747caca71e17- 11550false
- 21650false
- 31600false
- 41500true
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Answer : 4. "1500"
Q: Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?
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6079383363b9781494e7f460- 12284true
- 22176false
- 32097false
- 42235false
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Answer : 1. "2284"
Q: A bank pays half-yearly compound interest at the rate of 5% p.a. . A person deposited Rs 1600 on January 1 and a similar amount on July 1 . Explain how much interest will be paid by the bank at the end of the year.
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6078eecc63b9781494e72d8b- 1168false
- 2242false
- 3115false
- 4121true
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Answer : 4. "121"
Q: What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
761 06073fb7863b9781494d83665
6073fb7863b9781494d83665- 1Rs. 69,120false
- 2Rs. 21,120true
- 3Rs. 76,800false
- 4Rs. 72,000false
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