Compound interest questions Practice Question and Answer
8 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.
1814 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: 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.
1799 06078eecc63b9781494e72d8b
6078eecc63b9781494e72d8b- 1168false
- 2242false
- 3115false
- 4121true
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Answer : 4. "121"
Q: What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?
1788 05df0b7133d76f974e561f1c6
5df0b7133d76f974e561f1c6- 1618false
- 2612true
- 3624false
- 4606false
- 5621false
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Answer : 2. "612"
Q: Mr. Sathya invested money in FD. How much will he get on maturity, if Rs. 14,500 is invested at 20 % per annum compound interest for 6 months, compounded quarterly
1788 0606af14dc476de27c7ad93cb
606af14dc476de27c7ad93cb- 1Rs.15, 986false
- 2Rs.15, 986.5false
- 3Rs.15, 986.25true
- 4Rs.15,986.35false
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Answer : 3. "Rs.15, 986.25"
Q: The compound interest earned in two years at 12% per annum Rs 10176. What is the sum (in Rs) invested?
1776 05f16e72ecf79540a753a3034
5f16e72ecf79540a753a3034- 140000true
- 280000false
- 350000false
- 460000false
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Answer : 1. "40000 "
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).
1772 05f16cd1a9a713b0717cd9996
5f16cd1a9a713b0717cd9996- 12100false
- 22000true
- 31600false
- 41800false
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Answer : 2. "2000 "
Q: What would be the compound interest accrued on an amount of Rs.7850 at the rate of 14% per annum in two years?
1765 161962c3d1f864f699c35e225
61962c3d1f864f699c35e225- 1Rs.2351.86true
- 2Rs.2880.37false
- 3Rs.2518.22false
- 4Rs.2290.23false
- 5None of thesefalse
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Answer : 1. "Rs.2351.86 "
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.
1765 05e9d35620a165a45b758616a
5e9d35620a165a45b758616a- 115 %true
- 218 %false
- 320 %false
- 412 %false
- 5None of thesefalse
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