Compound interest questions Practice Question and Answer
8 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 :
957 06343e7991bfb042f96b00045
6343e7991bfb042f96b00045- 1₹8,500false
- 2₹17,400false
- 3₹8,700false
- 4₹19,000true
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Answer : 4. "₹19,000"
Q: A lent some money from B and paid 1,573 after 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?
953 0600e8f12178b94051cdf9f27
600e8f12178b94051cdf9f27- 1A to B Rs. 28.50false
- 2B to A Rs. 3750false
- 3A to B Rs.50false
- 4B to A Rs.50true
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Answer : 4. "B to A Rs.50 "
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 -
953 06024f26bcce66f776c86d40d
6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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Answer : 1. "Rs.15000 "
Q: A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest is -
947 05f16a390cf79540a7538dea1
5f16a390cf79540a7538dea1- 116 yearsfalse
- 224 yearsfalse
- 318 yearsfalse
- 412 yearstrue
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Answer : 4. "12 years "
Q: Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?
939 06079383363b9781494e7f460
6079383363b9781494e7f460- 12284true
- 22176false
- 32097false
- 42235false
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Answer : 1. "2284"
Q: What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
937 06073fb7863b9781494d83665
6073fb7863b9781494d83665- 1Rs. 69,120false
- 2Rs. 21,120true
- 3Rs. 76,800false
- 4Rs. 72,000false
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Answer : 2. "Rs. 21,120"
Q: Surekha borrowed a sum of money and returned it in two equal annual instalments of ₹5,547 each. If the rate of interest was p.a. compounded yearly, then the total interest paid by her was:
931 064b90dc8568e7ff594bdd92c
64b90dc8568e7ff594bdd92c- 1₹1,144false
- 2₹1,096false
- 3₹1,126false
- 4₹1,134true
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Answer : 4. "₹1,134"
Q: The difference between compound interest and simple interest on a sum of money for 3 years at 8% per annum is Rs. 354.80. Find the sum.
930 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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