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?
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5ed9d34af528050f9150037b- 124000true
- 225000false
- 330000false
- 420000false
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Answer : 1. "24000 "
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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Answer : 2. "2000 "
Q: The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?
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60fe342b81fb4616a6562d1d- 112.5%false
- 220%false
- 310%true
- 45%false
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Answer : 3. "10% "
Q: If the compound interest on a certain sum for two consecutive years is Rs.220 and Rs.242, then the rate of interest per annum is
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5ec5f7d0552ff02e7121496d- 18%false
- 210%true
- 311%false
- 412%false
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Answer : 2. "10% "
Q: How much time will it take for an amount of Rs.360 to yield Rs.72 as interest at 5 % p.a of simple interest?
1438 160c097fa046ad7381c626c70
60c097fa046ad7381c626c70- 13 yearsfalse
- 24 yearstrue
- 32.5 yearsfalse
- 43.5 yearsfalse
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Answer : 2. "4 years"
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.
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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: In what time will ₹ 64,000 amount to ₹ 68,921 at 5 % per annum interest being compounded half yearly?
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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: 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?
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5f3f999e9b782961da393fd1- 15 Rupeesfalse
- 26 Rupeesfalse
- 33 Rupeestrue
- 49 Rupeesfalse
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