Compound Interest Questions and Answers for Banks Exam and SSC

Compound interest questions and answers for competitive exams

16. Mr. Dua invested money in two schemes A and B offering compound interest@8p.c.p.a and 9 p.c.p.a respectively. If the total amount of interest accrued through two schemes together in two years was Rs. 4818.30 and the total amount invested was Rs. 27,000 what was the amount invested in Scheme A?

(A) Rs. 12,000

(B) Rs. 13,500

(C) Rs. 15,000

(D) Cannot be determined 

(E) none of these 

17. A sum of Rs. 12,000 deposited at compound interest double after 5 years. After 20 years, it will become:

(A) Rs. 96,000

(B) Rs. 1,20,000

(C) Rs. 1,24,000

(D) Rs. 1,92,000

18. The least number of complete years in which a sum of money put out at 20% compounded interest will be more than doubled is:

(A) 3

(B) 4

(C) 5

(D) 6

19. A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% compound interest. The sum borrowed was:

(A) Rs. 1620

(B) Rs. 1640

(C) Rs. 1680

(D) Rs. 1700

20. A man saves Rs. 200 at the end of each year and lends the money at 5% compounded interest. How much will it become at the end of 3 years?

(A) Rs. 565.25

(B) Rs. 635

(C) Rs. 662.02

(D) Rs. 666.50

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