Compound interest problems Practice Question and Answer

Q:

Umesh earns a simple interest of ₹1,600 on a certain sum in two years at the rate of 4% per annum. How much more interest would he have earned if he had invested the same sum at 4% interest per annum, compounded annually?

1381 0

  • 1
    ₹48
    Correct
    Wrong
  • 2
    ₹64
    Correct
    Wrong
  • 3
    ₹32
    Correct
    Wrong
  • 4
    ₹20
    Correct
    Wrong
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Answer : 3. "₹32 "

Q:

Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a payable annually.

1309 0

  • 1
    45
    Correct
    Wrong
  • 2
    32
    Correct
    Wrong
  • 3
    57
    Correct
    Wrong
  • 4
    84
    Correct
    Wrong
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Answer : 2. "32"

Q:

A sum invested at a certain rate of interest per annum, compounded annually, amounts to ₹3,600 in 2 years and to ₹6,480 in 4 years. What is the sum invested?

1304 0

  • 1
    ₹2500
    Correct
    Wrong
  • 2
    ₹2000
    Correct
    Wrong
  • 3
    ₹2400
    Correct
    Wrong
  • 4
    ₹3600
    Correct
    Wrong
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Answer : 2. "₹2000"

Q:

The lengths of the three sides of a right-angled triangle are (x - 1) cm, (x +1) cm and (x + 3) cm, respectively. The hypotenuse of the right-angled triangle (in cm) is:

1299 0

  • 1
    6
    Correct
    Wrong
  • 2
    10
    Correct
    Wrong
  • 3
    12
    Correct
    Wrong
  • 4
    7
    Correct
    Wrong
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Answer : 2. "10"

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Answer : 3. "₹1,272"

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Answer : 3. "₹ 7.5 "

Q:

What is the total compound interest on Rs.45000 for 3 years when the sum is divided into a ratio of 4 : 5 and rate of interest on a small sum is 10% and 20% on the large sum? (Compounded annually)

1234 0

  • 1
    Rs. 20010
    Correct
    Wrong
  • 2
    Rs. 24820
    Correct
    Wrong
  • 3
    Rs. 25630
    Correct
    Wrong
  • 4
    Rs. 26400
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs. 24820"

Q:

The rate of interest for the first 2 years is 6% p.a., for the next 3 years is 10% p.a., and for the period beyond 5 years is 12% p.a. If a person gets ₹12,771 as simple interest after 7 years, then how much money did he invest?

1207 0

  • 1
    ₹20,000
    Correct
    Wrong
  • 2
    ₹19,350
    Correct
    Wrong
  • 3
    ₹19,450
    Correct
    Wrong
  • 4
    ₹19,300
    Correct
    Wrong
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Answer : 2. "₹19,350"

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