Compound interest questions Practice Question and Answer

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.

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  • 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. "$$ {1230}{1\over 4}$$"

Q:

Mr. Rajesh invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -

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  • 1
    Rs.15000
    Correct
    Wrong
  • 2
    Rs.16500
    Correct
    Wrong
  • 3
    Rs.12000
    Correct
    Wrong
  • 4
    Rs.13500
    Correct
    Wrong
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Answer : 1. "Rs.15000 "

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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  • 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?

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  • 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 "

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?

1052 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:

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-

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  • 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:

₹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 :

1045 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:

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?

1036 0

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

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