Compound Interest Questions and Answers for Banks Exam and SSC

Compound interest questions and answers for competitive exams

11. Find the compound interest on Rs. 15,625 for 9 months at 16 % per annum compounded quarterly. 

(A) Rs. 1851

(B) Rs. 1941

(C) Rs. 1951

(D) Rs. 1961

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12. What will be the difference between simple and compound interest@10% per annum on a sum of Rs. 1000 after 4 years?

(A) Rs. 31

(B) Rs. 32.10

(C) Rs.40.40

(D) Rs. 64.10

(E) none of these 

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13. The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

(A) Rs. 2.50

(B) Rs. 3

(C) Rs. 3.75

(D) Rs. 4

(E) none of these 

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14. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

(A) 8

(B) 10 

(C) 12

(D) cannot be determined 

(E) none of these 

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15. The difference between the simple interest on a certain sum at the rate of 10% per annum for 2 years and compound interest which is compounded every 6 months is Rs. 124.05. What is the principal sum?

(A) Rs. 6000

(B) Rs. 8000

(C) Rs. 10,000

(D) Rs. 12,000

(E) none of these 

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