Compound interest questions Practice Question and Answer
8 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
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5ec5f75a0d983803ea4e50aa- 1Rs.17.50false
- 2Rs.36false
- 3Rs.45false
- 4Rs.72true
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Answer : 4. "Rs.72 "
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
1255 05f16bad38cf3201b6327c6e6
5f16bad38cf3201b6327c6e6- 1₹ 28500false
- 2₹ 30000false
- 3₹ 26800false
- 4₹ 27300true
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Answer : 4. "₹ 27300 "
Q: Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:
1253 0606c3bce6a85553684ddfad5
606c3bce6a85553684ddfad5- 1Rs. 9136.6false
- 2Rs. 639.6false
- 3Rs. 693.6true
- 4Rs. 9139.6false
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Answer : 3. "Rs. 693.6"
Q: The compound interest on a certain sum of money invested for 2 years at 5 % per annum is Rs. 328. The simple interest on the sum, at the same rate and for the same period will be
1252 05e205f8fac282f42170f9f0b
5e205f8fac282f42170f9f0b- 1Rs . 320true
- 2Rs . 308false
- 3Rs . 300false
- 4Rs . 287false
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Answer : 1. "Rs . 320 "
Q: Surekha borrowed a sum of money and returned it in two equal annual instalments of ₹5,547 each. If the rate of interest was $$7{1\over 2}\%$$ p.a. compounded yearly, then the total interest paid by her was:
1245 064b90dc8568e7ff594bdd92c
64b90dc8568e7ff594bdd92c- 1₹1,144false
- 2₹1,096false
- 3₹1,126false
- 4₹1,134true
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Answer : 4. "₹1,134"
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?
1243 06007eca4d6101033e1724f9f
6007eca4d6101033e1724f9f- 1Rs. 6.349false
- 2Rs. 6,493true
- 3Rs. 6,394false
- 4Rs. 6,439false
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Answer : 2. "Rs. 6,493"
Q: Rahul plans to buy a scooter for his sister for which he saves Rs. 15625 at the start of every year for 3 year. If the rate of CI is 4% pa. then amount at which he plans to buy the scooter is (in Rs.)
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5f2bc9ca21de6a117aeb6d7c- 175489false
- 242751false
- 350726true
- 448563false
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Answer : 3. "50726"
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
1225 060068c0e7a0c6e1017e01071
60068c0e7a0c6e1017e01071- 111%false
- 220%true
- 35%false
- 410%false
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