Compound interest questions Practice Question and Answer

Q:

What is the compound interest on a sum of ₹25,000 after three years at a rate of 12 per cent per annum interest compounded yearly?  

1526 0

  • 1
    ₹10,123.20
    Correct
    Wrong
  • 2
    ₹9,824.00
    Correct
    Wrong
  • 3
    ₹10,520.00
    Correct
    Wrong
  • 4
    ₹9,956.86
    Correct
    Wrong
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Answer : 1. "₹10,123.20 "

Q:

A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?

1524 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1000
    Correct
    Wrong
  • 3
    3000
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
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Answer : 2. "1000"

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 :

1521 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 person invested 1100 in a company at compound interest compounded semi-annually. He received 1331 after one year. The rate of interest per annum is 

1517 0

  • 1
    11%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 2. "20%"

Q:

Anu invested Rs. 15000 at the rate of interest 10% p.a. for one year. If the compound interest is compounded at every six months, what amount will Anu get at the end of the year?

1515 0

  • 1
    Rs. 16525.50
    Correct
    Wrong
  • 2
    Rs. 18150
    Correct
    Wrong
  • 3
    Rs. 16537.50
    Correct
    Wrong
  • 4
    Rs. 16500
    Correct
    Wrong
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Answer : 3. "Rs. 16537.50"

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

1512 0

  • 1
    9000
    Correct
    Wrong
  • 2
    8400
    Correct
    Wrong
  • 3
    7500
    Correct
    Wrong
  • 4
    8000
    Correct
    Wrong
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Answer : 4. "8000"

Q:

₹12,000 is lent for one year t the rate of 15% per annum, the interest being compounded annually. If the compounding of the interest is done half- yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum?

1509 0

  • 1
    ₹72.5
    Correct
    Wrong
  • 2
    ₹82.8
    Correct
    Wrong
  • 3
    ₹60.5
    Correct
    Wrong
  • 4
    ₹67.5
    Correct
    Wrong
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Answer : 4. "₹67.5"

Q:

On a certain sum of money, the simple interest for 2 years is Rs. 350 at the rate of 4 % per annum. If it was invested at compound interest at the same rate for the same duration as before, how much more interest would be earned? 

1495 0

  • 1
    Rs. 14
    Correct
    Wrong
  • 2
    Rs. 35
    Correct
    Wrong
  • 3
    Rs. 3.50
    Correct
    Wrong
  • 4
    Rs. 7
    Correct
    Wrong
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Answer : 4. "Rs. 7 "

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