Compound interest questions Practice Question and Answer
8 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?
1560 060fe342b81fb4616a6562d1d
60fe342b81fb4616a6562d1d- 112.5%false
- 220%false
- 310%true
- 45%false
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Answer : 3. "10% "
Q: A man borrows some money at 3% simple interest per annum and lends it to somebody at 5% interest to be compounded annually. By this he makes a profit of Rs.541 at the end of 3 years. The money he borrowed was-
1559 060c199ba590e633a7d3b660e
60c199ba590e633a7d3b660e- 1Rs. 15800false
- 2Rs. 18400false
- 3Rs. 8000true
- 4Rs. 12000false
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Answer : 3. "Rs. 8000 "
Q: A certain sum of money at a certain rate doubles itself in 9 years, then in how many years it will become the same sum will be 5 times of itself?
1553 05e96c564b0b9ab17e7026204
5e96c564b0b9ab17e7026204- 125 yearsfalse
- 236 yearstrue
- 327 yearsfalse
- 445 yearsfalse
- 548 yearsfalse
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Answer : 2. "36 years "
Q: In how much time compound money at compound interest of half yearly rate of Rs 800 will be Rs 926.10?
1546 05f8014d188aba328edada09e
5f8014d188aba328edada09e- 1$$ {1}{1\over3}year$$false
- 2$$ {1}{1\over2}year$$true
- 3$$ {2}{1\over3}year$$false
- 4$$ {2}{1\over2}year$$false
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Answer : 2. "$$ {1}{1\over2}year$$"
Q: Find the compound interest on a sum of Rs. 46875 for 2 years at 12% p.a, if interest is compounded 8 months?
1536 0602e40f06d461f66398818f5
602e40f06d461f66398818f5- 114174false
- 210174false
- 312174true
- 413174false
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Answer : 3. "12174 "
Q: A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?
1525 0605af466c5c99d2cb7f43d52
605af466c5c99d2cb7f43d52- 115 yearsfalse
- 220 yearstrue
- 324 yearsfalse
- 440 yearsfalse
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Answer : 2. "20 years"
Q: There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
1511 05fd34cd4c46a213fc5c57630
5fd34cd4c46a213fc5c57630- 1Rs. 2160false
- 2Rs. 3120false
- 3Rs. 3972true
- 4Rs. 6240false
- 5None of thesefalse
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Answer : 3. "Rs. 3972"
Q: The difference between simple interest and compound interest on a certain sum at $$ 12{1\over2}$$ % for 3 years is Rs 125. Find the sum.
1510 05ef18c8281a47f2e7ae7f341
5ef18c8281a47f2e7ae7f341- 1Rs. 2520false
- 2Rs. 2560true
- 3Rs.2640false
- 4Rs. 2700false
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