Compound interest questions Practice Question and Answer

Q:

Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:

1022 0

  • 1
    Rs. 9136.6
    Correct
    Wrong
  • 2
    Rs. 639.6
    Correct
    Wrong
  • 3
    Rs. 693.6
    Correct
    Wrong
  • 4
    Rs. 9139.6
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "Rs. 693.6"

Q:

A person invested 1100 in a company at compound interest compounded semi-annually. He received 1331 after one year. The rate of interest per annum is 

1011 0

  • 1
    11%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "20%"

Q:

If the interest is compounded half-yearly, then what will be the compound interest (in Rs) on a sum of Rs 10000 for 1 year at the rate of 10% per annum?

1010 0

  • 1
    1250
    Correct
    Wrong
  • 2
    525
    Correct
    Wrong
  • 3
    1000
    Correct
    Wrong
  • 4
    1025
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "1025"

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 

999 0

  • 1
    ₹ 28500
    Correct
    Wrong
  • 2
    ₹ 30000
    Correct
    Wrong
  • 3
    ₹ 26800
    Correct
    Wrong
  • 4
    ₹ 27300
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 4. "₹ 27300 "

Q:

The difference between simple interest and compound interest on a certain sum at % for 3 years is Rs 125. Find the sum.

973 0

  • 1
    Rs. 2520
    Correct
    Wrong
  • 2
    Rs. 2560
    Correct
    Wrong
  • 3
    Rs.2640
    Correct
    Wrong
  • 4
    Rs. 2700
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 2. "Rs. 2560"

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?

970 0

  • 1
    Rs. 2160
    Correct
    Wrong
  • 2
    Rs. 3120
    Correct
    Wrong
  • 3
    Rs. 3972
    Correct
    Wrong
  • 4
    Rs. 6240
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 3. "Rs. 3972"

Q:

A borrowed Rs.1500 at 4% per annum and Rs.1400 at 5% per annum for the same period. He paid Rs.390 as total interest. Find the time for which he borrowed the sum.

965 1

  • 1
    3 years
    Correct
    Wrong
  • 2
    3.5 years
    Correct
    Wrong
  • 3
    4.5 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
  • Show Answer
  • Workspace

Answer : 1. "3 years"

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully

  Report Error

Please Enter Message
Error Reported Successfully