Compound interest questions Practice Question and Answer
8 Q: The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 15 year?
1232 05f16c9eecf79540a75399492
5f16c9eecf79540a75399492- 1100false
- 2150false
- 350true
- 475false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "50"
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?
1231 062f36a5f09a97851b631a345
62f36a5f09a97851b631a345- 118000false
- 212000true
- 322000false
- 425000false
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "12000"
Q: A person can buy a refrigerator for Rs.15,850 on cash payment or in installments for every year at 10% p.a for four years compounded annually. What is the approximate annual installment that he should pay?
1215 05df9c47a9e7c624c9bfedf30
5df9c47a9e7c624c9bfedf30- 1Rs.6000false
- 2Rs.5500false
- 3Rs.5000true
- 4Rs.5200false
- 5Rs.4500false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Rs.5000 "
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. 1214 05d11f269557b295f691f6529
5d11f269557b295f691f6529- 1Rs 665false
- 2Rs 656false
- 3Rs 662true
- 4Rs 663false
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Rs 662"
Explanation :
undefined
Q: A sum amounts to ₹ 6480 in 4 years and ₹ 9600 in 8 years when it is compounded annually. Find the sum?
1206 060532de1528a962d2e430934
60532de1528a962d2e430934- 14878false
- 25438false
- 34300false
- 44374true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "4374"
Q: A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.
1198 05ee05d720cb2490dae74fa45
5ee05d720cb2490dae74fa45- 11500false
- 21600false
- 31568true
- 41750false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "1568 "
Q: Sanjana invested Rs. 15000 in SI at the rate of 2x% per annum for two years and the same amount is invested in CI at the same rate of interest if she received Rs.150 more interest than S.I, then find the rate of interest per annum?
1190 062f36c0f55c5be58410dc1de
62f36c0f55c5be58410dc1de- 110 %true
- 214 %false
- 312 %false
- 416 %false
- 5None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "10 %"
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
1190 05f16b4d6cf79540a75392bea
5f16b4d6cf79540a75392bea- 1Rs. 625true
- 2Rs. 560false
- 3Rs. 600false
- 4Rs. 540false
- Show AnswerHide Answer
- Workspace
- SingleChoice