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?
1785 05f16e4b18cf3201b6328b4a5
5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
- 410true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "10 "
Q: If rate of interest is 2% more, the amount will exceed Rs. 60 for one year, find the principal? 1758 05d1209c1dea5da6dbe8bf262
5d1209c1dea5da6dbe8bf262- 1300false
- 23,000true
- 36,000false
- 44,000false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "3,000"
Q: On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
1747 05d7f23197f06bc6981e060d7
5d7f23197f06bc6981e060d7- 1Rs 1500false
- 2Rs. 1200false
- 3Rs. 1100false
- 4Rs. 1000true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "Rs. 1000"
Q: In 3 years ₹ 3000 amounts to ₹ 3993 at x % compound interest, compounded annually. The value of x is
1722 05f16e8728cf3201b6328c136
5f16e8728cf3201b6328c136- 15%false
- 233%false
- 310%true
- 48%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "10% "
Q: A sum of Rs 5,000 amounts to Rs 7,200 in 8 years at a certain rate percent p.a, interest compounded yearly. What will be the compound interest on a sum of Rs.6,550 in 4 years at the same rate of interest?
1717 0605318c3a37d522d6c196d80
605318c3a37d522d6c196d80- 1Rs. 1,290false
- 2Rs.1,310true
- 3Rs. 1285false
- 4Rs. 1,415false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 2. "Rs.1,310"
Q: The compound interest earned in two years at 8 % per annum is 3993.6 . What is the sum invested?
1700 05ed9d34af528050f9150037b
5ed9d34af528050f9150037b- 124000true
- 225000false
- 330000false
- 420000false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "24000 "
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.
1679 06078eecc63b9781494e72d8b
6078eecc63b9781494e72d8b- 1168false
- 2242false
- 3115false
- 4121true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "121"
Q: If the compound interest rate is 20% per annum compounded half yearly, then what will be the interest for two years on the principal of Rs. 100000?
1664 05f6d7a485256e8407c2c4545
5f6d7a485256e8407c2c4545- 146,410true
- 244,000false
- 321,000false
- 433,100false
- Show AnswerHide Answer
- Workspace
- SingleChoice

