Compound interest questions Practice Question and Answer

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 0

  • 1
    12.5%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    10%
    Correct
    Wrong
  • 4
    5%
    Correct
    Wrong
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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 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:

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 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:

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

1546 0

  • 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:

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

1536 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 sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?

1525 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:

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 0

  • 1
    Rs. 2160
    Correct
    Wrong
  • 2
    Rs. 3120
    Correct
    Wrong
  • 3
    Rs. 3972
    Correct
    Wrong
  • 4
    Rs. 6240
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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 0

  • 1
    Rs. 2520
    Correct
    Wrong
  • 2
    Rs. 2560
    Correct
    Wrong
  • 3
    Rs.2640
    Correct
    Wrong
  • 4
    Rs. 2700
    Correct
    Wrong
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Answer : 2. "Rs. 2560"

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