Compound interest questions Practice Question and Answer
8 Q: Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:
1022 0606c3bce6a85553684ddfad5
606c3bce6a85553684ddfad5- 1Rs. 9136.6false
- 2Rs. 639.6false
- 3Rs. 693.6true
- 4Rs. 9139.6false
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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 060068c0e7a0c6e1017e01071
60068c0e7a0c6e1017e01071- 111%false
- 220%true
- 35%false
- 410%false
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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 05dccdb82ef0a14548c1d4c0b
5dccdb82ef0a14548c1d4c0b- 11250false
- 2525false
- 31000false
- 41025true
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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 05f16bad38cf3201b6327c6e6
5f16bad38cf3201b6327c6e6- 1₹ 28500false
- 2₹ 30000false
- 3₹ 26800false
- 4₹ 27300true
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Answer : 4. "₹ 27300 "
Q:Direction : Each of the questions below consists of a question and two statements numbered I and II are given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and
Give answer
(A) If the data in statement I alone are sufficient to answer the question, while the data statement II alone are not sufficient to answer the question.
(B) If the data in Statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
(C) If the data in statement I alone or in Statement II alone are sufficient to answer the question.
(D) If the data in both the statement I and II are not sufficient to answer the question.
(E) If the data in both the statement I and II together are necessary to answer the question.
What is the rate of interest p.c.pa?
I. The amount doubles itself in 10 years.
II. The simple interest accrued in 5 years in Rs 5,000.
980 05da3fc497919e54a8e3d2690
5da3fc497919e54a8e3d2690Give answer
(A) If the data in statement I alone are sufficient to answer the question, while the data statement II alone are not sufficient to answer the question.
(B) If the data in Statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
(C) If the data in statement I alone or in Statement II alone are sufficient to answer the question.
(D) If the data in both the statement I and II are not sufficient to answer the question.
(E) If the data in both the statement I and II together are necessary to answer the question.
I. The amount doubles itself in 10 years.
II. The simple interest accrued in 5 years in Rs 5,000.
- 1Atrue
- 2Bfalse
- 3Cfalse
- 4Dfalse
- 5Efalse
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Answer : 1. "A"
Q: The difference between simple interest and compound interest on a certain sum at % for 3 years is Rs 125. Find the sum.
973 05ef18c8281a47f2e7ae7f341
5ef18c8281a47f2e7ae7f341- 1Rs. 2520false
- 2Rs. 2560true
- 3Rs.2640false
- 4Rs. 2700false
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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 05fd34cd4c46a213fc5c57630
5fd34cd4c46a213fc5c57630- 1Rs. 2160false
- 2Rs. 3120false
- 3Rs. 3972true
- 4Rs. 6240false
- 5None of thesefalse
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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 160b4ae54517f2874d53f4e0e
60b4ae54517f2874d53f4e0e- 13 yearstrue
- 23.5 yearsfalse
- 34.5 yearsfalse
- 44 yearsfalse
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