Compound interest questions Practice Question and Answer

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?

1267 0

  • 1
    60,000
    Correct
    Wrong
  • 2
    70,000
    Correct
    Wrong
  • 3
    55,000
    Correct
    Wrong
  • 4
    50,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "50,000"

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?

1250 0

  • 1
    10 %
    Correct
    Wrong
  • 2
    14 %
    Correct
    Wrong
  • 3
    12 %
    Correct
    Wrong
  • 4
    16 %
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "10 %"

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? 

1245 0

  • 1
    100
    Correct
    Wrong
  • 2
    150
    Correct
    Wrong
  • 3
    50
    Correct
    Wrong
  • 4
    75
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "50"

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?

1227 0

  • 1
    Rs.6000
    Correct
    Wrong
  • 2
    Rs.5500
    Correct
    Wrong
  • 3
    Rs.5000
    Correct
    Wrong
  • 4
    Rs.5200
    Correct
    Wrong
  • 5
    Rs.4500
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs.5000 "

Q:

A sum amounts to ₹ 6480 in 4 years and ₹ 9600 in 8 years when it is compounded annually. Find the sum?

1225 0

  • 1
    4878
    Correct
    Wrong
  • 2
    5438
    Correct
    Wrong
  • 3
    4300
    Correct
    Wrong
  • 4
    4374
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "4374"

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. 1225 0

  • 1
    Rs 665
    Correct
    Wrong
  • 2
    Rs 656
    Correct
    Wrong
  • 3
    Rs 662
    Correct
    Wrong
  • 4
    Rs 663
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs 662"
Explanation :

undefined

Q:

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

1220 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    1568
    Correct
    Wrong
  • 4
    1750
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "1568 "

Q:

What will be compound interest on a sum of Rs. 1000 at the rate of interest 10% after 5 years?

1207 0

  • 1
    Rs. 610.51
    Correct
    Wrong
  • 2
    Rs. 559.45
    Correct
    Wrong
  • 3
    Rs. 665.50
    Correct
    Wrong
  • 4
    Rs. 665.51
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 610.51"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully