Compound interest questions Practice Question and Answer

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? 

1431 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:

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

1426 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:

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?

1420 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"

Q:

A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound at the rate of 20 % per annum, 15 % per annum and 10 % per annum respectively, then what will be the ratio of their amounts after 1 year? 

1409 0

  • 1
    36:46:55
    Correct
    Wrong
  • 2
    12:23:11
    Correct
    Wrong
  • 3
    3:15:25
    Correct
    Wrong
  • 4
    6 : 6 : 5
    Correct
    Wrong
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Answer : 1. "36:46:55 "

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? 

1400 0

  • 1
    100
    Correct
    Wrong
  • 2
    150
    Correct
    Wrong
  • 3
    50
    Correct
    Wrong
  • 4
    75
    Correct
    Wrong
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Answer : 3. "50"

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?

1400 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:

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?

1380 0

  • 1
    10 %
    Correct
    Wrong
  • 2
    14 %
    Correct
    Wrong
  • 3
    12 %
    Correct
    Wrong
  • 4
    16 %
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "10 %"

Q:

A sum of money amounted to Rs.720 in 2 years and Rs.792 in 3 years when interest is compounded annually. The annual rate of interest , (in%) is:

1372 0

  • 1
    5%
    Correct
    Wrong
  • 2
    7.50%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 4. " 10%"

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