Compound interest questions Practice Question and Answer

Q:

The compound interest on Rs. 6250 at 12% per annum for 1 year, compounded half-yearly is

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  • 1
    772.50
    Correct
    Wrong
  • 2
    772
    Correct
    Wrong
  • 3
    672.50
    Correct
    Wrong
  • 4
    672
    Correct
    Wrong
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Answer : 1. "772.50"

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?

1495 0

  • 1
    25 years
    Correct
    Wrong
  • 2
    36 years
    Correct
    Wrong
  • 3
    27 years
    Correct
    Wrong
  • 4
    45 years
    Correct
    Wrong
  • 5
    48 years
    Correct
    Wrong
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Answer : 2. "36 years "

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-

1484 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:

In how much time compound money at compound interest of half yearly rate of Rs 800 will be Rs 926.10?

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  • 1
    $$ {1}{1\over3}year$$
    Correct
    Wrong
  • 2
    $$ {1}{1\over2}year$$
    Correct
    Wrong
  • 3
    $$ {2}{1\over3}year$$
    Correct
    Wrong
  • 4
    $$ {2}{1\over2}year$$
    Correct
    Wrong
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Answer : 2. "$$ {1}{1\over2}year$$"

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?

1449 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    20 years
    Correct
    Wrong
  • 3
    24 years
    Correct
    Wrong
  • 4
    40 years
    Correct
    Wrong
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Answer : 2. "20 years"

Q:

Find the compound interest on a sum of Rs. 46875 for 2 years at 12% p.a, if interest is compounded 8 months?

1449 0

  • 1
    14174
    Correct
    Wrong
  • 2
    10174
    Correct
    Wrong
  • 3
    12174
    Correct
    Wrong
  • 4
    13174
    Correct
    Wrong
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Answer : 3. "12174 "

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?

1437 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:

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 

1434 0

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

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