Compound interest questions Practice Question and Answer
8 Q: In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
1469 05f15435ecf79540a75334ff6
5f15435ecf79540a75334ff6- 13 yearsfalse
- 25 yearsfalse
- 32 yearstrue
- 44 yearsfalse
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Answer : 3. "2 years"
Q: At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?
1458 05f169dde9a713b0717ccf625
5f169dde9a713b0717ccf625- 111%false
- 213%false
- 39%false
- 410%true
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Answer : 4. "10% "
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?
1457 05f2cfad5be9f31290fb86158
5f2cfad5be9f31290fb86158- 1Rs.1000false
- 2Rs.11217.92true
- 3Rs.11717.20false
- 4Rs.13217.92false
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Answer : 2. "Rs.11217.92"
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?
1435 05f16a6c58cf3201b63278729
5f16a6c58cf3201b63278729- 18 yearsfalse
- 25 yearsfalse
- 36 yearsfalse
- 44 yearstrue
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Answer : 4. "4 years "
Q: Rahul plans to buy a scooter for his sister for which he saves Rs. 15625 at the start of every year for 3 year. If the rate of CI is 4% pa. then amount at which he plans to buy the scooter is (in Rs.)
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5f2bc9ca21de6a117aeb6d7c- 175489false
- 242751false
- 350726true
- 448563false
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Answer : 3. "50726"
Q: What will be the compound interest (nearest to Rs. 1 on a sum of Rs. 25,000 for 2 years at 12% p.a., if the interest is compounded 8-monthly?
1407 06007eca4d6101033e1724f9f
6007eca4d6101033e1724f9f- 1Rs. 6.349false
- 2Rs. 6,493true
- 3Rs. 6,394false
- 4Rs. 6,439false
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Answer : 2. "Rs. 6,493"
Q: A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’.
1406 064d4bb50d02c5c746bdc5bfb
64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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Answer : 2. " Rs. 1500"
Q: Surekha borrowed a sum of money and returned it in two equal annual instalments of ₹5,547 each. If the rate of interest was $$7{1\over 2}\%$$ p.a. compounded yearly, then the total interest paid by her was:
1405 064b90dc8568e7ff594bdd92c
64b90dc8568e7ff594bdd92c- 1₹1,144false
- 2₹1,096false
- 3₹1,126false
- 4₹1,134true
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