Compound interest questions Practice Question and Answer

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:

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?

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  • 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 compound interest on a sum of Rs. 37,500 for $$ {1{1\over 3}}$$ years at a rate of 12 % per year. If the interest is compounded 8 monthly?

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  • 1
    Rs.6, 420
    Correct
    Wrong
  • 2
    Rs.6, 448
    Correct
    Wrong
  • 3
    Rs.6, 240
    Correct
    Wrong
  • 4
    Rs.6, 440
    Correct
    Wrong
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Answer : 3. "Rs.6, 240"

Q:

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

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  • 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:

The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:

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  • 1
    Rs. 2980
    Correct
    Wrong
  • 2
    Rs. 3091
    Correct
    Wrong
  • 3
    Rs. 3109
    Correct
    Wrong
  • 4
    Rs. 3100
    Correct
    Wrong
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Answer : 3. "Rs. 3109 "

Q:

What will be the compound interest (compounded annually) of 3 years at the rate of 12.5 percent on an amount of Rs. 5120?

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  • 1
    2280 Rupees
    Correct
    Wrong
  • 2
    1960 Rupees
    Correct
    Wrong
  • 3
    2170 Rupees
    Correct
    Wrong
  • 4
    2120 Rupees
    Correct
    Wrong
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Answer : 3. "2170 Rupees "

Q:

What will be the difference between the compound interest and simple interest of 2 years at the rate of 5 percent annual interest at Rs. 4,000?

1529 0

  • 1
    10
    Correct
    Wrong
  • 2
    11
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    100
    Correct
    Wrong
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Answer : 1. "10"

Q:

A sum of money doubles itself at compound interest in 15 years. In how many years it  will become eight times?

1528 0

  • 1
    30 year
    Correct
    Wrong
  • 2
    45 year
    Correct
    Wrong
  • 3
    50 year
    Correct
    Wrong
  • 4
    60 year
    Correct
    Wrong
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Answer : 2. "45 year"

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