Compound interest questions Practice Question and Answer

Q:

The compound interest on a certain sum of money for 2 years at 5% per annum is Rs. 410. The simple interest on the same sum at the same rate and for the same time is-

1259 0

  • 1
    Rs. 350
    Correct
    Wrong
  • 2
    Rs. 405
    Correct
    Wrong
  • 3
    Rs. 400
    Correct
    Wrong
  • 4
    Rs. 300
    Correct
    Wrong
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Answer : 3. "Rs. 400"

Q:

A sum of ₹14,375, when invested at r% interest per year compounded annually, amounts to ₹16,767 after two years. What is the value of r?

1259 0

  • 1
    9
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    7
    Correct
    Wrong
  • 4
    6
    Correct
    Wrong
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Answer : 2. "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? 

1249 0

  • 1
    Rs. 14
    Correct
    Wrong
  • 2
    Rs. 35
    Correct
    Wrong
  • 3
    Rs. 3.50
    Correct
    Wrong
  • 4
    Rs. 7
    Correct
    Wrong
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Answer : 4. "Rs. 7 "

Q:

If the difference between 2 years compound interest and simple interest at the rate of 5 percent of an amount is Rs. 25, then that amount will be?

1241 0

  • 1
    Rs. 15,000
    Correct
    Wrong
  • 2
    Rs. 10,000
    Correct
    Wrong
  • 3
    Rs. 20,000
    Correct
    Wrong
  • 4
    Rs. 12,000
    Correct
    Wrong
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Answer : 2. "Rs. 10,000"

Q:

What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?

1240 0

  • 1
    Rs. 69,120
    Correct
    Wrong
  • 2
    Rs. 21,120
    Correct
    Wrong
  • 3
    Rs. 76,800
    Correct
    Wrong
  • 4
    Rs. 72,000
    Correct
    Wrong
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Answer : 2. "Rs. 21,120"

Q:

A lent some money from B and paid 1,573 after$$ {1{1\over 2}}$$ yr . Also B lent some money from A and paid 1444.50 after 6 months. If they want to settle the account forthwith, keeping 14 % as the rate of interest, then who should pay whom and how much?

1225 0

  • 1
    A to B Rs. 28.50
    Correct
    Wrong
  • 2
    B to A Rs. 3750
    Correct
    Wrong
  • 3
    A to B Rs.50
    Correct
    Wrong
  • 4
    B to A Rs.50
    Correct
    Wrong
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Answer : 4. "B to A Rs.50 "

Q:

If the interest is compounded half yearly, then interest on Rs.16000 at 5% per annum, at the end of $$ {{1}{1\over 2}}$$ years is.

1221 0

  • 1
    $$ {1230}{1\over 4}$$
    Correct
    Wrong
  • 2
    $$ {1210}{1\over 4}$$
    Correct
    Wrong
  • 3
    $$ {1215}{1\over 4}$$
    Correct
    Wrong
  • 4
    $$ {1225}{1\over 4}$$
    Correct
    Wrong
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Answer : 1. "$$ {1230}{1\over 4}$$"

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