Compound interest questions Practice Question and Answer
8 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-
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60c199ba590e633a7d3b660e- 1Rs. 15800false
- 2Rs. 18400false
- 3Rs. 8000true
- 4Rs. 12000false
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Answer : 3. "Rs. 8000 "
Q: If the amount is times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is
1171 05f16d33acf79540a7539c7a1
5f16d33acf79540a7539c7a1- 163%false
- 233%false
- 325%false
- 450%true
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Answer : 4. "50% "
Q: What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?
1151 05df0b7133d76f974e561f1c6
5df0b7133d76f974e561f1c6- 1618false
- 2612true
- 3624false
- 4606false
- 5621false
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Answer : 2. "612"
Q: A sum of Rs 5,000 amounts to Rs 7,200 in 8 years at a certain rate percent p.a, interest compounded yearly. What will be the compound interest on a sum of Rs.6,550 in 4 years at the same rate of interest?
1145 0605318c3a37d522d6c196d80
605318c3a37d522d6c196d80- 1Rs. 1,290false
- 2Rs.1,310true
- 3Rs. 1285false
- 4Rs. 1,415false
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Answer : 2. "Rs.1,310"
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?
1132 05f3f999e9b782961da393fd1
5f3f999e9b782961da393fd1- 15 Rupeesfalse
- 26 Rupeesfalse
- 33 Rupeestrue
- 49 Rupeesfalse
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Answer : 3. "3 Rupees"
Q: A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?
1123 060fe348f3c8ced168c73d0f8
60fe348f3c8ced168c73d0f8- 11500false
- 21000true
- 33000false
- 42000false
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Answer : 2. "1000"
Q: In how much time compound money at compound interest of half yearly rate of Rs 800 will be Rs 926.10?
1121 05f8014d188aba328edada09e
5f8014d188aba328edada09e- 1false
- 2true
- 3false
- 4false
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Answer : 2. " "
Q: The sum for 2 years gives a compound interest of ₹ 3225 at 15 % rate. Then sum is
1120 05f16c441cf79540a753983b7
5f16c441cf79540a753983b7- 115000false
- 232250false
- 310000true
- 420000false
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