Compound interest questions Practice Question and Answer
8 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.
1265 060b6e136cef13e72bbf8eb27
60b6e136cef13e72bbf8eb27- 1120000false
- 2124000false
- 3104400true
- 4150000false
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Answer : 3. "104400 "
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.
1257 05ef18c8281a47f2e7ae7f341
5ef18c8281a47f2e7ae7f341- 1Rs. 2520false
- 2Rs. 2560true
- 3Rs.2640false
- 4Rs. 2700false
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Answer : 2. "Rs. 2560"
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?
1230 06080476b11c2747caca71e17
6080476b11c2747caca71e17- 11550false
- 21650false
- 31600false
- 41500true
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Answer : 4. "1500"
Q: There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
1229 05fd34cd4c46a213fc5c57630
5fd34cd4c46a213fc5c57630- 1Rs. 2160false
- 2Rs. 3120false
- 3Rs. 3972true
- 4Rs. 6240false
- 5None of thesefalse
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Answer : 3. "Rs. 3972"
Q: At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?
1228 05f169dde9a713b0717ccf625
5f169dde9a713b0717ccf625- 111%false
- 213%false
- 39%false
- 410%true
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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?
1216 05f16a6c58cf3201b63278729
5f16a6c58cf3201b63278729- 18 yearsfalse
- 25 yearsfalse
- 36 yearsfalse
- 44 yearstrue
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Answer : 4. "4 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?
1205 060a214043c86b056326105e4
60a214043c86b056326105e4- 1Rs.1475false
- 2Rs.1585false
- 3Rs.1485false
- 4Rs.1495true
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Answer : 4. "Rs.1495"
Q: The compound interest on Rs.16, 000 for 9 months at 20 % per annum, interest being compounded quarterly, is
1202 05e268b2257f70c65e284eb0a
5e268b2257f70c65e284eb0a- 1Rs. 2,520false
- 2Rs. 2,524false
- 3Rs. 2,522true
- 4Rs. 2,518false
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