Compound interest questions Practice Question and Answer

Q:

What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?

1326 0

  • 1
    618
    Correct
    Wrong
  • 2
    612
    Correct
    Wrong
  • 3
    624
    Correct
    Wrong
  • 4
    606
    Correct
    Wrong
  • 5
    621
    Correct
    Wrong
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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 0

  • 1
    Rs. 15800
    Correct
    Wrong
  • 2
    Rs. 18400
    Correct
    Wrong
  • 3
    Rs. 8000
    Correct
    Wrong
  • 4
    Rs. 12000
    Correct
    Wrong
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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 0

  • 1
    Rs.15, 986
    Correct
    Wrong
  • 2
    Rs.15, 986.5
    Correct
    Wrong
  • 3
    Rs.15, 986.25
    Correct
    Wrong
  • 4
    Rs.15,986.35
    Correct
    Wrong
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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 0

  • 1
    Rs. 4355
    Correct
    Wrong
  • 2
    Rs. 4305
    Correct
    Wrong
  • 3
    Rs. 430
    Correct
    Wrong
  • 4
    Rs. 4350
    Correct
    Wrong
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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 ?

1296 0

  • 1
    3 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    2 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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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 

1294 0

  • 1
    63%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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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:

1293 0

  • 1
    Correct
    Wrong
  • 2
    3
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    4
    Correct
    Wrong
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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 0

  • 1
    Rs. 8750
    Correct
    Wrong
  • 2
    Rs. 5780
    Correct
    Wrong
  • 3
    Rs. 1080
    Correct
    Wrong
  • 4
    Rs. 7805
    Correct
    Wrong
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Answer : 1. "Rs. 8750"

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