Compound interest questions Practice Question and Answer
8 Q: What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?
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5df0b7133d76f974e561f1c6- 1618false
- 2612true
- 3624false
- 4606false
- 5621false
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Answer : 2. "612"
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-
1326 060c199ba590e633a7d3b660e
60c199ba590e633a7d3b660e- 1Rs. 15800false
- 2Rs. 18400false
- 3Rs. 8000true
- 4Rs. 12000false
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Answer : 3. "Rs. 8000 "
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
1308 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: A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?
1302 0606c3514f306525d8e18823b
606c3514f306525d8e18823b- 1Rs. 4355false
- 2Rs. 4305true
- 3Rs. 430false
- 4Rs. 4350false
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Answer : 2. "Rs. 4305"
Q: In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
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5f15435ecf79540a75334ff6- 13 yearsfalse
- 25 yearsfalse
- 32 yearstrue
- 44 yearsfalse
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Answer : 3. "2 years"
Q: If the amount is $$3{3\over 8}$$ times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is
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5f16d33acf79540a7539c7a1- 163%false
- 233%false
- 325%false
- 450%true
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Answer : 4. "50% "
Q: The compound interest on Rs.30,000 at 7% per annum is Rs. 4347. The period (in years) is:
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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
Q: On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is
1260 05f169bc49a713b0717cce1fe
5f169bc49a713b0717cce1fe- 1Rs. 8750true
- 2Rs. 5780false
- 3Rs. 1080false
- 4Rs. 7805false
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