Compound interest questions Practice Question and Answer

Q:

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

1366 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:

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 

1365 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"

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?

1363 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:

The sum for 2 years gives a compound interest of ₹ 3225 at 15 % rate. Then sum is 

1358 0

  • 1
    15000
    Correct
    Wrong
  • 2
    32250
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    20000
    Correct
    Wrong
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Answer : 3. "10000 "

Q:

If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both cases be 10 % 

1348 0

  • 1
    5500
    Correct
    Wrong
  • 2
    7200
    Correct
    Wrong
  • 3
    6500
    Correct
    Wrong
  • 4
    6000
    Correct
    Wrong
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Answer : 4. "6000"

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.

1343 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"

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?

1339 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:

There is 80% increase in amount in 5 years at simple interest. What will be the compound interest of Rs. 20,000 after 3 years at the same rate?

1333 0

  • 1
    Rs.1000
    Correct
    Wrong
  • 2
    Rs.11217.92
    Correct
    Wrong
  • 3
    Rs.11717.20
    Correct
    Wrong
  • 4
    Rs.13217.92
    Correct
    Wrong
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Answer : 2. "Rs.11217.92"

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