Compound interest questions Practice Question and Answer
8 Q: Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:
732 0606c3bce6a85553684ddfad5
606c3bce6a85553684ddfad5- 1Rs. 9136.6false
- 2Rs. 639.6false
- 3Rs. 693.6true
- 4Rs. 9139.6false
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Answer : 3. "Rs. 693.6"
Q: A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?
946 0606c3514f306525d8e18823b
606c3514f306525d8e18823b- 1Rs. 4355false
- 2Rs. 4305true
- 3Rs. 430false
- 4Rs. 4350false
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Answer : 2. "Rs. 4305"
Q: Mr. Sathya invested money in FD. How much will he get on maturity, if Rs. 14,500 is invested at 20 % per annum compound interest for 6 months, compounded quarterly
922 0606af14dc476de27c7ad93cb
606af14dc476de27c7ad93cb- 1Rs.15, 986false
- 2Rs.15, 986.5false
- 3Rs.15, 986.25true
- 4Rs.15,986.35false
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Answer : 3. "Rs.15, 986.25"
Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
634 060632eb38278fd441927b739
60632eb38278fd441927b739- 145 yearstrue
- 248 yearsfalse
- 354 yearsfalse
- 460 yearsfalse
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Answer : 1. "45 years "
Q: A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?
894 0605af466c5c99d2cb7f43d52
605af466c5c99d2cb7f43d52- 115 yearsfalse
- 220 yearstrue
- 324 yearsfalse
- 440 yearsfalse
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Answer : 2. "20 years"
Q: If the compound interest on a certain sum for 2 years at 4% p.a. is Rs. 102, the simple interest at the same rate of interest for two years would be:
698 06058652c19447609ff02ecc1
6058652c19447609ff02ecc1- 1Rs. 200false
- 2Rs. 50false
- 3Rs. 150false
- 4Rs. 100true
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Answer : 4. "Rs. 100"
Q: A sum amounts to ₹ 6480 in 4 years and ₹ 9600 in 8 years when it is compounded annually. Find the sum?
1208 060532de1528a962d2e430934
60532de1528a962d2e430934- 14878false
- 25438false
- 34300false
- 44374true
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Answer : 4. "4374"
Q: A sum of Rs 5,000 amounts to Rs 7,200 in 8 years at a certain rate percent p.a, interest compounded yearly. What will be the compound interest on a sum of Rs.6,550 in 4 years at the same rate of interest?
968 0605318c3a37d522d6c196d80
605318c3a37d522d6c196d80- 1Rs. 1,290false
- 2Rs.1,310true
- 3Rs. 1285false
- 4Rs. 1,415false
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