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Compound Interest Questions 2020

4 years ago 14.9K Views
Q :  

The compound interest on a certain sum of money invested for 2 years at 5 % per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be 

(A) Rs . 320

(B) Rs . 308

(C) Rs . 300

(D) Rs . 287

Correct Answer : A

Q :  

What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?

(A) 618

(B) 612

(C) 624

(D) 606

(E) 621

Correct Answer : B

Q :  

Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is –

(A) Rs. 125000

(B) Rs. 135200

(C) Rs. 152000

(D) Rs. 108200

Correct Answer : B

Q :  

Find compound interest on Rs. 50000 at 12 % per annum for 6 months, compounded quarterly. 

(A) Rs.3045 / ₹ 3045

(B) Rs.2875 / ₹ 2875

(C) Rs.3125 / ₹3125

(D) Rs.2965 / ₹ 2965

Correct Answer : A

Q :  

A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is –

(A) Rs 9727

(B) Rs 2432

(C) Rs 4864

(D) Rs 1216

Correct Answer : C

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