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: What is the difference between compound interest and simple interest on Rs. 2500 for 2 years at 4% per annum?
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60be073d5d840673873c4943- 1₹ 4true
- 2₹ 20false
- 3₹ 40false
- 4₹ 400false
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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.
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60b4ae54517f2874d53f4e0e- 13 yearstrue
- 23.5 yearsfalse
- 34.5 yearsfalse
- 44 yearsfalse
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Answer : 1. "3 years"
Q: A person borrows Rs.1,00,000 from a bank at 10% per annum simple interest and clears the debt in five years. If the instalment paid at the end of the first, second, third and fourth years to clear the debt are Rs.10,000, Rs.20,000, Rs.30,000 and Rs.40,000, respectively, what amount should be paid at the end of the fifth year to clear the debt?
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647f312a51bf194753009b4d- 1Rs.40,450false
- 2Rs.36,450false
- 3Rs.39,490true
- 4Rs.38,250false
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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?
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5dccdb82ef0a14548c1d4c0b- 11250false
- 2525false
- 31000false
- 41025true
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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
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60068c0e7a0c6e1017e01071- 111%false
- 220%true
- 35%false
- 410%false
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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:
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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?
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5f97fb71d8201a50c268c31d- 1Rs. 157.650false
- 2Rs. 157.625true
- 3Rs. 155.625false
- 4Rs. 160.625false
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