Compound interest questions Practice Question and Answer
8 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
1539 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: 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?
1538 160c097fa046ad7381c626c70
60c097fa046ad7381c626c70- 13 yearsfalse
- 24 yearstrue
- 32.5 yearsfalse
- 43.5 yearsfalse
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Answer : 2. "4 years"
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
1537 05ec5f7d0552ff02e7121496d
5ec5f7d0552ff02e7121496d- 18%false
- 210%true
- 311%false
- 412%false
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Answer : 2. "10% "
Q: What would be the compound interest accrued on an amount of Rs.7850 at the rate of 14% per annum in two years?
1530 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: 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. 1525 05d1204a8557b295f691f6589
5d1204a8557b295f691f6589- 1500false
- 2400true
- 3600false
- 4450false
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Answer : 2. "400"
Q: What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?
1518 05df0b7133d76f974e561f1c6
5df0b7133d76f974e561f1c6- 1618false
- 2612true
- 3624false
- 4606false
- 5621false
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Answer : 2. "612"
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?
1512 060fe342b81fb4616a6562d1d
60fe342b81fb4616a6562d1d- 112.5%false
- 220%false
- 310%true
- 45%false
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Answer : 3. "10% "
Q: The compound interest on Rs.30,000 at 7% per annum is Rs. 4347. The period (in years) is:
1499 05ecf41f8a7365b2f4ce2021b
5ecf41f8a7365b2f4ce2021b- 12½false
- 23false
- 32true
- 44false
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Answer : 3. "2"
Explanation :
We know that
$$ {A=P{(1+{r\over 100}})}^{t}$$
Putting the value we can get answer