Compound interest questions Practice Question and Answer

Q:

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

1258 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:

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

1255 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:

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?

1247 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"

Q:

A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?

1229 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1000
    Correct
    Wrong
  • 3
    3000
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
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Answer : 2. "1000"

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?

1228 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:

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.

1221 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?

1214 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:

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

1212 0

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

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