Compound interest questions Practice Question and Answer
8 Q: 1261 in 3 years at the rate of 5 percent annual interest on a sum of money. Interest is received by compound . money will be
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603740a69d90e74af72ae9da- 19000false
- 28400false
- 37500false
- 48000true
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Answer : 4. "8000"
Q: Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?
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6079383363b9781494e7f460- 12284true
- 22176false
- 32097false
- 42235false
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Answer : 1. "2284"
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 :
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6343e7991bfb042f96b00045- 1₹8,500false
- 2₹17,400false
- 3₹8,700false
- 4₹19,000true
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Answer : 4. "₹19,000"
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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5f97fbd5ed7fc21d78dce39c- 1Rs. 15,000false
- 2Rs. 10,000true
- 3Rs. 20,000false
- 4Rs. 12,000false
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Answer : 2. "Rs. 10,000"
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’.
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64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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Answer : 2. " Rs. 1500"
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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5fbf7caf90530f6255a1a930- 1Rs.6, 420false
- 2Rs.6, 448false
- 3Rs.6, 240true
- 4Rs.6, 440false
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Answer : 3. "Rs.6, 240"
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.
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604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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Answer : 2. "Rs. 18000"
Q: A sum of money becomes double in 3 years at compound interest compounded annually at the same rate. In how many years will it become four times of itself?
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5f169c9b97cc6b353bf3a330- 16.4 yearsfalse
- 27.5 yearsfalse
- 34 yearsfalse
- 46 yearstrue
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