Compound interest questions Practice Question and Answer
8 Q: If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 24200, and Rs 26620 respectively, what is the rate (in %) of interest?
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5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
- 410true
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Answer : 4. "10 "
Q: A sum of money at compound interest amounts to thrice itself in three years. In how many years will it be 81 times itself? 1501 05d11faf8557b295f691f6571
5d11faf8557b295f691f6571- 127false
- 29false
- 312true
- 415false
- 5None of thesefalse
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Answer : 3. "12"
Q: A bank pays half-yearly compound interest at the rate of 5% p.a. . A person deposited Rs 1600 on January 1 and a similar amount on July 1 . Explain how much interest will be paid by the bank at the end of the year.
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6078eecc63b9781494e72d8b- 1168false
- 2242false
- 3115false
- 4121true
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Answer : 4. "121"
Q: 2,40,000 is taken as loan for three years compounded annually at 12.5 % p.a. At the end of first year, the interest is revised to 12 % p.a. The total amount to be repaid at the end of third year is:
1432 05ef40cfc81a47f2e7aefa1cf
5ef40cfc81a47f2e7aefa1cf- 1₹ 3,38,688false
- 2₹ 3,42,648false
- 3₹ 3,26,400false
- 4₹ 3,34,800true
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Answer : 4. "₹ 3,34,800 "
Q: In 3 years ₹ 3000 amounts to ₹ 3993 at x % compound interest, compounded annually. The value of x is
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5f16e8728cf3201b6328c136- 15%false
- 233%false
- 310%true
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Answer : 3. "10% "
Q: The ratio between compound interest and simple interest for a certain amount is 43 : 40 for 2 years, the find the rate of interest.
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5e9d35620a165a45b758616a- 115 %true
- 218 %false
- 320 %false
- 412 %false
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Answer : 1. "15 % "
Q: On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
1410 05d7f23197f06bc6981e060d7
5d7f23197f06bc6981e060d7- 1Rs 1500false
- 2Rs. 1200false
- 3Rs. 1100false
- 4Rs. 1000true
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Answer : 4. "Rs. 1000"
Q: A certain amount of money earns ₹ 540 as simple interest in 3 years. If it earns compound interest of ₹ 376.20 at the same rate of interest in 2 years, find the principal (in Rupees).
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5f16cd1a9a713b0717cd9996- 12100false
- 22000true
- 31600false
- 41800false
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