Compound interest questions Practice Question and Answer

Q: Two equal amounts are deposited in two different banks at 12% for 3 years and 4.5 years. The difference between simple interest received is Rs. 72. Find the amount deposited in bank. 1369 0

  • 1
    500
    Correct
    Wrong
  • 2
    400
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    450
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "400"

Q:

What would be the compound interest accrued on an amount of Rs.7850 at the rate of 14% per annum in two years?

1368 1

  • 1
    Rs.2351.86
    Correct
    Wrong
  • 2
    Rs.2880.37
    Correct
    Wrong
  • 3
    Rs.2518.22
    Correct
    Wrong
  • 4
    Rs.2290.23
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs.2351.86 "

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?

1367 0

  • 1
    46,410
    Correct
    Wrong
  • 2
    44,000
    Correct
    Wrong
  • 3
    21,000
    Correct
    Wrong
  • 4
    33,100
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "46,410"

Q:

The compound interest earned in two years at 12% per annum Rs 10176. What is the sum (in Rs) invested? 

1360 0

  • 1
    40000
    Correct
    Wrong
  • 2
    80000
    Correct
    Wrong
  • 3
    50000
    Correct
    Wrong
  • 4
    60000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "40000 "

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. 

1358 0

  • 1
    6 : 5 : 4
    Correct
    Wrong
  • 2
    9 : 4 : 6
    Correct
    Wrong
  • 3
    9 : 6 : 5
    Correct
    Wrong
  • 4
    9 : 6 : 4
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "9 : 6 : 4 "

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?

1354 0

  • 1
    5 Rupees
    Correct
    Wrong
  • 2
    6 Rupees
    Correct
    Wrong
  • 3
    3 Rupees
    Correct
    Wrong
  • 4
    9 Rupees
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "3 Rupees"

Q:

The compound interest on Rs. 6250 at 12% per annum for 1 year, compounded half-yearly is

1344 0

  • 1
    772.50
    Correct
    Wrong
  • 2
    772
    Correct
    Wrong
  • 3
    672.50
    Correct
    Wrong
  • 4
    672
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "772.50"

Q:

The compound interest on 12000 for 9 months at 20 % per annum , interest being compounded quarterly is 

1333 0

  • 1
    ₹ 2136
    Correct
    Wrong
  • 2
    ₹ 1750
    Correct
    Wrong
  • 3
    ₹ 1891.50
    Correct
    Wrong
  • 4
    ₹ 2089.70
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹ 1891.50 "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully