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

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 

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 

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 

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 

If you face any problems in compound interest questions and answers, feel free and ask me in the comment section. Visit on the next page for more practice