Compound interest questions Practice Question and Answer

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 

1291 0

  • 1
    Rs.17.50
    Correct
    Wrong
  • 2
    Rs.36
    Correct
    Wrong
  • 3
    Rs.45
    Correct
    Wrong
  • 4
    Rs.72
    Correct
    Wrong
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Answer : 4. "Rs.72 "

Q:

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

1289 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 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.

1285 1

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

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Answer : 3. "Rs.39,490 "

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?

1280 0

  • 1
    1250
    Correct
    Wrong
  • 2
    525
    Correct
    Wrong
  • 3
    1000
    Correct
    Wrong
  • 4
    1025
    Correct
    Wrong
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Answer : 4. "1025"

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 

1276 0

  • 1
    11%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 2. "20%"

Q:

If the compound interest on a certain sum for 2 years at 4% p.a. is Rs. 102, the simple interest at the same rate of interest for two years would be:

1275 0

  • 1
    Rs. 200
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 150
    Correct
    Wrong
  • 4
    Rs. 100
    Correct
    Wrong
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Answer : 4. "Rs. 100"

Q:

What will be the compound interest of 3 years at the rate of 5 % of 1000 rupees?

1265 0

  • 1
    Rs. 157.650
    Correct
    Wrong
  • 2
    Rs. 157.625
    Correct
    Wrong
  • 3
    Rs. 155.625
    Correct
    Wrong
  • 4
    Rs. 160.625
    Correct
    Wrong
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Answer : 2. "Rs. 157.625 "

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