Compound interest problems Practice Question and Answer

Q:

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

1063 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 of money amounts to Rs. 4,840 in 2 years and to Rs. 5,324 in 3 years at compound interest (compounded annually). The rate of interests per annum is

1032 0

  • 1
    10%
    Correct
    Wrong
  • 2
    9%
    Correct
    Wrong
  • 3
    11%
    Correct
    Wrong
  • 4
    8%
    Correct
    Wrong
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Answer : 1. "10% "

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Answer : 3. "₹ 7.5 "

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Answer : 3. "₹1,272"

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:

926 0

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

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?

884 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:

A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is ₹5,808, then the total interest charged in this scheme is:

861 0

  • 1
    ₹1,563
    Correct
    Wrong
  • 2
    ₹1,536
    Correct
    Wrong
  • 3
    ₹1,632
    Correct
    Wrong
  • 4
    ₹1,602
    Correct
    Wrong
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Answer : 2. "₹1,536"

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)

837 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"

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