Compound interest questions Practice Question and Answer
8 Q: In how many years will Rs 2000 become Rs 2420 at 10 percent compound annual interest?
1186 0602df94f6ea6434ffa7b289b
602df94f6ea6434ffa7b289b- 13false
- 2$$ {2{1\over 2}}$$false
- 32true
- 4$$ {1{1\over 2}}$$false
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Answer : 3. "2"
Q: A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’.
1180 064d4bb50d02c5c746bdc5bfb
64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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Answer : 2. " Rs. 1500"
Q: What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
1178 06073fb7863b9781494d83665
6073fb7863b9781494d83665- 1Rs. 69,120false
- 2Rs. 21,120true
- 3Rs. 76,800false
- 4Rs. 72,000false
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Answer : 2. "Rs. 21,120"
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-
1174 0609a66824587a93a1dc85718
609a66824587a93a1dc85718- 1Rs. 350false
- 2Rs. 405false
- 3Rs. 400true
- 4Rs. 300false
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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?
1174 064477037883b29684408e50f
64477037883b29684408e50f- 19false
- 28true
- 37false
- 46false
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Answer : 2. "8"
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.
1157 060b7158ecef13e72bbf96e1f
60b7158ecef13e72bbf96e1f- 1$$ {1230}{1\over 4}$$true
- 2$$ {1210}{1\over 4}$$false
- 3$$ {1215}{1\over 4}$$false
- 4$$ {1225}{1\over 4}$$false
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Answer : 1. "$$ {1230}{1\over 4}$$"
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?
1155 05f97fbd5ed7fc21d78dce39c
5f97fbd5ed7fc21d78dce39c- 1Rs. 15,000false
- 2Rs. 10,000true
- 3Rs. 20,000false
- 4Rs. 12,000false
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Answer : 2. "Rs. 10,000"
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 -
1153 06024f26bcce66f776c86d40d
6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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