Compound interest questions Practice Question and Answer
8 Q: The compound interest earned in two years at 8 % per annum is 3993.6 . What is the sum invested?
1988 05ed9d34af528050f9150037b
5ed9d34af528050f9150037b- 124000true
- 225000false
- 330000false
- 420000false
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Answer : 1. "24000 "
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?
1983 05f16e4b18cf3201b6328b4a5
5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
- 410true
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Answer : 4. "10 "
Q: A sum of money placed at compound interest triples itself in 9 year. In how many years will if amount to 243 times itself?
1982 05f4e171f7e85226ee746d291
5f4e171f7e85226ee746d291- 127 yearsfalse
- 236 yearsfalse
- 345 yearstrue
- 454 yearsfalse
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Answer : 3. "45 years"
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?
1972 05f6d7a485256e8407c2c4545
5f6d7a485256e8407c2c4545- 146,410true
- 244,000false
- 321,000false
- 433,100false
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Answer : 1. "46,410"
Q: If rate of interest is 2% more, the amount will exceed Rs. 60 for one year, find the principal? 1970 05d1209c1dea5da6dbe8bf262
5d1209c1dea5da6dbe8bf262- 1300false
- 23,000true
- 36,000false
- 44,000false
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Answer : 2. "3,000"
Q: A certain sum increases by 50 % in 5 years. Three sums x, y and z are lent for 10, 15 and 20 years respectively. If amount on each sum is equal, then find the ratio of x, y and z.
1942 06142c1fb71a4af142b0db182
6142c1fb71a4af142b0db182- 16 : 5 : 4false
- 29 : 4 : 6false
- 39 : 6 : 5false
- 49 : 6 : 4true
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Answer : 4. "9 : 6 : 4 "
Q: What is compound interest accrued on an amount of Rs 45000 in 2 yr @ 9% per annum ?
1936 05e6c8683b8843673942af96a
5e6c8683b8843673942af96a- 1Rs 8600false
- 2Rs 8565.40false
- 3Rs 8464.50true
- 4Rs 8540false
- 5None of thesefalse
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Answer : 3. "Rs 8464.50"
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?
1928 0605318c3a37d522d6c196d80
605318c3a37d522d6c196d80- 1Rs. 1,290false
- 2Rs.1,310true
- 3Rs. 1285false
- 4Rs. 1,415false
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