Compound interest questions Practice Question and Answer
8 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?
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5f892f5de6aa3e1d0bd231de- 160,000false
- 270,000false
- 355,000false
- 450,000true
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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?
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62f36c0f55c5be58410dc1de- 110 %true
- 214 %false
- 312 %false
- 416 %false
- 5None of thesefalse
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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 05f16c9eecf79540a75399492
5f16c9eecf79540a75399492- 1100false
- 2150false
- 350true
- 475false
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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 05df9c47a9e7c624c9bfedf30
5df9c47a9e7c624c9bfedf30- 1Rs.6000false
- 2Rs.5500false
- 3Rs.5000true
- 4Rs.5200false
- 5Rs.4500false
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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?
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60532de1528a962d2e430934- 14878false
- 25438false
- 34300false
- 44374true
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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 05d11f269557b295f691f6529
5d11f269557b295f691f6529- 1Rs 665false
- 2Rs 656false
- 3Rs 662true
- 4Rs 663false
- 5None of thesefalse
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Answer : 3. "Rs 662"
Explanation :
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Q: A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.
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5ee05d720cb2490dae74fa45- 11500false
- 21600false
- 31568true
- 41750false
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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 05f634654a372fb53670d839a
5f634654a372fb53670d839a- 1Rs. 610.51true
- 2Rs. 559.45false
- 3Rs. 665.50false
- 4Rs. 665.51false
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