Compound interest questions Practice Question and Answer

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Answer : 3. "Rs.39,490 "

Q:

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

1670 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:

If the amount is $$3{3\over 8}$$ times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is 

1656 0

  • 1
    63%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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Answer : 4. "50% "

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?

1655 0

  • 1
    Rs. 6.349
    Correct
    Wrong
  • 2
    Rs. 6,493
    Correct
    Wrong
  • 3
    Rs. 6,394
    Correct
    Wrong
  • 4
    Rs. 6,439
    Correct
    Wrong
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Answer : 2. "Rs. 6,493"

Q:

What is the difference between compound interest and simple interest on Rs. 2500 for 2 years at 4% per annum?

1644 0

  • 1
    ₹ 4
    Correct
    Wrong
  • 2
    ₹ 20
    Correct
    Wrong
  • 3
    ₹ 40
    Correct
    Wrong
  • 4
    ₹ 400
    Correct
    Wrong
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Answer : 1. "₹ 4 "

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? 

1636 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:

In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?

1633 0

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

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? 

1621 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"

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