Compound interest questions Practice Question and Answer
8 Q: On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4 % per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned?
1163 05f16b2c6cf79540a75392448
5f16b2c6cf79540a75392448- 1Rs. 14false
- 2Rs. 35false
- 3Rs. 3.50false
- 4Rs. 7true
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Answer : 4. "Rs. 7 "
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?
1163 06007eca4d6101033e1724f9f
6007eca4d6101033e1724f9f- 1Rs. 6.349false
- 2Rs. 6,493true
- 3Rs. 6,394false
- 4Rs. 6,439false
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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?
1158 060be073d5d840673873c4943
60be073d5d840673873c4943- 1₹ 4true
- 2₹ 20false
- 3₹ 40false
- 4₹ 400false
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Answer : 1. "₹ 4 "
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.
1154 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: 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.)
1151 05f2bc9ca21de6a117aeb6d7c
5f2bc9ca21de6a117aeb6d7c- 175489false
- 242751false
- 350726true
- 448563false
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Answer : 3. "50726"
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.
1135 160b4ae54517f2874d53f4e0e
60b4ae54517f2874d53f4e0e- 13 yearstrue
- 23.5 yearsfalse
- 34.5 yearsfalse
- 44 yearsfalse
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Answer : 1. "3 years"
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:
1133 06058652c19447609ff02ecc1
6058652c19447609ff02ecc1- 1Rs. 200false
- 2Rs. 50false
- 3Rs. 150false
- 4Rs. 100true
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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?
1129 05f97fb71d8201a50c268c31d
5f97fb71d8201a50c268c31d- 1Rs. 157.650false
- 2Rs. 157.625true
- 3Rs. 155.625false
- 4Rs. 160.625false
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