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 

1409 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?

1395 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:

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

1364 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? 

1354 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?

1328 0

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

Q:

The compound interest on a certain sum of money invested for 2 years at 5 % per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be 

1327 0

  • 1
    Rs . 320
    Correct
    Wrong
  • 2
    Rs . 308
    Correct
    Wrong
  • 3
    Rs . 300
    Correct
    Wrong
  • 4
    Rs . 287
    Correct
    Wrong
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Answer : 1. "Rs . 320 "

Q:

The compound interest on Rs.16, 000 for 9 months at 20 % per annum, interest being compounded quarterly, is

1326 0

  • 1
    Rs. 2,520
    Correct
    Wrong
  • 2
    Rs. 2,524
    Correct
    Wrong
  • 3
    Rs. 2,522
    Correct
    Wrong
  • 4
    Rs. 2,518
    Correct
    Wrong
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Answer : 3. "Rs. 2,522 "

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.)

1325 0

  • 1
    75489
    Correct
    Wrong
  • 2
    42751
    Correct
    Wrong
  • 3
    50726
    Correct
    Wrong
  • 4
    48563
    Correct
    Wrong
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Answer : 3. "50726"

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