Compound interest questions Practice Question and Answer

Q:

A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is 

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  • 1
    20 %
    Correct
    Wrong
  • 2
    10 %
    Correct
    Wrong
  • 3
    100 %
    Correct
    Wrong
  • 4
    80 %
    Correct
    Wrong
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Answer : 3. "100 % "

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.)

958 0

  • 1
    75489
    Correct
    Wrong
  • 2
    42751
    Correct
    Wrong
  • 3
    50726
    Correct
    Wrong
  • 4
    48563
    Correct
    Wrong
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Answer : 3. "50726"

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?

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  • 1
    Rs. 6.349
    Correct
    Wrong
  • 2
    Rs. 6,493
    Correct
    Wrong
  • 3
    Rs. 6,394
    Correct
    Wrong
  • 4
    Rs. 6,439
    Correct
    Wrong
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Answer : 2. "Rs. 6,493"

Q:

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

950 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:

₹26100 is divided between Mohan and Shyam so that the interest that Mohan receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4% per annum then Mohan's share is :

940 0

  • 1
    ₹8,500
    Correct
    Wrong
  • 2
    ₹17,400
    Correct
    Wrong
  • 3
    ₹8,700
    Correct
    Wrong
  • 4
    ₹19,000
    Correct
    Wrong
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Answer : 4. "₹19,000"

Q:

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

939 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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Answer : 3. "Rs.39,490 "

Q:

If the interest is compounded half yearly, then interest on Rs.16000 at 5% per annum, at the end of years is.

935 0

  • 1
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 1. ""

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