Compound interest questions Practice Question and Answer

Q:

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

1119 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:

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

1117 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:

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 

1107 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 of money was lent at 10% per annum, compounded annually, for 2 years. If the interest was compounded half - yearly, he would have received Rs.660.75 more. Find the sum.

1091 0

  • 1
    120000
    Correct
    Wrong
  • 2
    124000
    Correct
    Wrong
  • 3
    104400
    Correct
    Wrong
  • 4
    150000
    Correct
    Wrong
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Answer : 3. "104400 "

Q:

A sum of Rs.13,000 is to be paid back in 2 equal annual instalments. How much is each instalment if the interest is compounded annually at 8 % per annum?

1077 0

  • 1
    Rs.7280
    Correct
    Wrong
  • 2
    Rs.7290
    Correct
    Wrong
  • 3
    Rs.7270
    Correct
    Wrong
  • 4
    Rs.7920
    Correct
    Wrong
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Answer : 2. "Rs.7290"

Q:

At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?  

1075 0

  • 1
    11%
    Correct
    Wrong
  • 2
    13%
    Correct
    Wrong
  • 3
    9%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 4. "10% "

Q:

A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the amount at the same compound rate become sixteen times? 

1071 0

  • 1
    8 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    6 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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Answer : 4. "4 years "

Q:

A person invested Rs 3000 on compound interest for two years. If the rate of interest is the 25 % for the first year and 20 % for the second year. Then find the CI?

1060 0

  • 1
    1550
    Correct
    Wrong
  • 2
    1650
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1500
    Correct
    Wrong
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Answer : 4. "1500"

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