Compound interest questions Practice Question and Answer
8 Q: What is a difference between simple interest and compound interest in 1 year at a rate of 10 percent on an amount of Rs. 1200. If interest is half yearly compounded?
1578 05f3f999e9b782961da393fd1
5f3f999e9b782961da393fd1- 15 Rupeesfalse
- 26 Rupeesfalse
- 33 Rupeestrue
- 49 Rupeesfalse
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Answer : 3. "3 Rupees"
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.
1577 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
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Answer : 2. "Either II or III are sufficient"
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?
1571 05f6d7a485256e8407c2c4545
5f6d7a485256e8407c2c4545- 146,410true
- 244,000false
- 321,000false
- 433,100false
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Answer : 1. "46,410"
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.
1558 05e9d35620a165a45b758616a
5e9d35620a165a45b758616a- 115 %true
- 218 %false
- 320 %false
- 412 %false
- 5None of thesefalse
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Answer : 1. "15 % "
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.
1555 06142c1fb71a4af142b0db182
6142c1fb71a4af142b0db182- 16 : 5 : 4false
- 29 : 4 : 6false
- 39 : 6 : 5false
- 49 : 6 : 4true
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Answer : 4. "9 : 6 : 4 "
Q: In what time will ₹ 64,000 amount to ₹ 68,921 at 5 % per annum interest being compounded half yearly?
1554 05f16b98d9a713b0717cd4699
5f16b98d9a713b0717cd4699- 1$$3{1\over 2}\ years$$false
- 2$$2{1\over 2}\ years$$false
- 3$$1{1\over 2}\ years$$true
- 4$$1{3\over 2}\ years$$false
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Answer : 3. "$$1{1\over 2}\ years$$"
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).
1547 05f16cd1a9a713b0717cd9996
5f16cd1a9a713b0717cd9996- 12100false
- 22000true
- 31600false
- 41800false
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Answer : 2. "2000 "
Q: The compound interest earned in two years at 12% per annum Rs 10176. What is the sum (in Rs) invested?
1542 05f16e72ecf79540a753a3034
5f16e72ecf79540a753a3034- 140000true
- 280000false
- 350000false
- 460000false
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