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?
1352 05f16e4b18cf3201b6328b4a5
5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
- 410true
- Show Answer
- Workspace
- SingleChoice
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? 1350 05d11faf8557b295f691f6571
5d11faf8557b295f691f6571- 127false
- 29false
- 312true
- 415false
- 5None of thesefalse
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "12"
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:
1326 05ef40cfc81a47f2e7aefa1cf
5ef40cfc81a47f2e7aefa1cf- 1₹ 3,38,688false
- 2₹ 3,42,648false
- 3₹ 3,26,400false
- 4₹ 3,34,800true
- Show Answer
- Workspace
- SingleChoice
Answer : 4. "₹ 3,34,800 "
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).
1309 05f16cd1a9a713b0717cd9996
5f16cd1a9a713b0717cd9996- 12100false
- 22000true
- 31600false
- 41800false
- Show Answer
- Workspace
- SingleChoice
Answer : 2. "2000 "
Q: Find the difference between SI and CI for three years at 10% per annual rate on Rs 4000 1288 05d11fe6a557b295f691f6578
5d11fe6a557b295f691f6578- 1Rs 125false
- 2Rs 126false
- 3Rs 124true
- 4Rs 127false
- 5None of thesefalse
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "Rs 124"
Q: Vijay lent Rs.5000. At what rate percent per annum he lent the money?
Statement I: The difference between the simple interest and compound interest on same money is Rs.60.
Statement II: The simple interest obtained after 4 years is Rs.300.
Statement III: The difference between compound interest and simple interest on Rs.60,000 in 2 years is Rs.1350.
1281 05df9c27d9e7c624c9bfed7ec
5df9c27d9e7c624c9bfed7ecStatement I: The difference between the simple interest and compound interest on same money is Rs.60.
Statement II: The simple interest obtained after 4 years is Rs.300.
Statement III: The difference between compound interest and simple interest on Rs.60,000 in 2 years is Rs.1350.
- 1Only I and II together are sufficientfalse
- 2Either II or III are sufficienttrue
- 3Any two of the three are sufficientfalse
- 4All three together are neededfalse
- 5Even all together are not sufficientfalse
- Show Answer
- Workspace
- SingleChoice
Answer : 2. "Either II or III are sufficient"
Q: In 3 years ₹ 3000 amounts to ₹ 3993 at x % compound interest, compounded annually. The value of x is
1274 05f16e8728cf3201b6328c136
5f16e8728cf3201b6328c136- 15%false
- 233%false
- 310%true
- 48%false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "10% "
Q: The compound interest earned in two years at 8 % per annum is 3993.6 . What is the sum invested?
1264 05ed9d34af528050f9150037b
5ed9d34af528050f9150037b- 124000true
- 225000false
- 330000false
- 420000false
- Show Answer
- Workspace
- SingleChoice