Compound interest questions Practice Question and Answer
8 Q: A bank pays half-yearly compound interest at the rate of 5% p.a. . A person deposited Rs 1600 on January 1 and a similar amount on July 1 . Explain how much interest will be paid by the bank at the end of the year.
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6078eecc63b9781494e72d8b- 1168false
- 2242false
- 3115false
- 4121true
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Answer : 4. "121"
Q: What will be compound interest-on, a sum of Rs 1000 at die rate of 10 percent per annum after 5 year? 1186 05d11f041557b295f691f6523
5d11f041557b295f691f6523- 1Rs 610.51true
- 2Rs 559.45false
- 3Rs 665.50false
- 4Rs 665.51false
- 5None of thesefalse
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Answer : 1. "Rs 610.51"
Explanation :
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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:
1185 060bf60a7c40f0c12f4b8e8ed
60bf60a7c40f0c12f4b8e8ed- 15%false
- 27.50%false
- 37%false
- 410%true
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Answer : 4. " 10%"
Q: If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 24200, and Rs 26620 respectively, what is the rate (in %) of interest?
1185 05f16e4b18cf3201b6328b4a5
5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
- 410true
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Answer : 4. "10 "
Q: What will be compound interest on a sum of Rs. 1000 at the rate of interest 10% after 5 years?
1184 05f634654a372fb53670d839a
5f634654a372fb53670d839a- 1Rs. 610.51true
- 2Rs. 559.45false
- 3Rs. 665.50false
- 4Rs. 665.51false
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Answer : 1. "Rs. 610.51"
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?
1181 05f16cb1b8cf3201b6328181d
5f16cb1b8cf3201b6328181d- 136:46:55true
- 212:23:11false
- 33:15:25false
- 46 : 6 : 5false
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Answer : 1. "36:46:55 "
Q: 2,40,000 is taken as loan for three years compounded annually at 12.5 % p.a. At the end of first year, the interest is revised to 12 % p.a. The total amount to be repaid at the end of third year is:
1179 05ef40cfc81a47f2e7aefa1cf
5ef40cfc81a47f2e7aefa1cf- 1₹ 3,38,688false
- 2₹ 3,42,648false
- 3₹ 3,26,400false
- 4₹ 3,34,800true
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Answer : 4. "₹ 3,34,800 "
Q: A sum of money at compound interest amounts to thrice itself in three years. In how many years will it be 81 times itself? 1178 05d11faf8557b295f691f6571
5d11faf8557b295f691f6571- 127false
- 29false
- 312true
- 415false
- 5None of thesefalse
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