Compound interest questions Practice Question and Answer

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 % 

1209 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:

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

1190 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 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?

1186 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:

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? 

1166 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:

The difference between the simple interest and the compound interest (compounded annually) at the rate of 12% per annum on Rs.5000 for 2 years will be 

1159 0

  • 1
    Rs.17.50
    Correct
    Wrong
  • 2
    Rs.36
    Correct
    Wrong
  • 3
    Rs.45
    Correct
    Wrong
  • 4
    Rs.72
    Correct
    Wrong
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Answer : 4. "Rs.72 "

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.

1157 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:

If the difference between the compound interest and simple interest on a certain sum at 5% per annum for 3 years is Rs.11.40, what is the approximate sum? 

1154 0

  • 1
    Rs.1475
    Correct
    Wrong
  • 2
    Rs.1585
    Correct
    Wrong
  • 3
    Rs.1485
    Correct
    Wrong
  • 4
    Rs.1495
    Correct
    Wrong
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Answer : 4. "Rs.1495"

Q:

The amount on ₹ 25000 in 2 years at annually compound interest. if the rate for the successive years be 4 % and 5 % per annum respectively is 

1153 0

  • 1
    ₹ 28500
    Correct
    Wrong
  • 2
    ₹ 30000
    Correct
    Wrong
  • 3
    ₹ 26800
    Correct
    Wrong
  • 4
    ₹ 27300
    Correct
    Wrong
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Answer : 4. "₹ 27300 "

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