Compound interest questions Practice Question and Answer

Q:

If interest be compounded half-yearly, then find the compound interest on ₹8,000 at the rate of 20% per annum for 1 year. 

224 0

  • 1
    ₹1,675
    Correct
    Wrong
  • 2
    ₹1,690
    Correct
    Wrong
  • 3
    ₹1,685
    Correct
    Wrong
  • 4
    ₹1,680
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹1,680"

  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs.39,490 "

Q:

A sum invested at compound inrerest amounts to ₹7,800 in 3 years and ₹11,232 in 5 years. What is the rate per cent? 

287 0

  • 1
    26
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "20 "

Q:

Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.

244 0

  • 1
    ₹ 3,276.40
    Correct
    Wrong
  • 2
    ₹ 2,948.60
    Correct
    Wrong
  • 3
    ₹ 3401.30
    Correct
    Wrong
  • 4
    ₹ 1,604.50
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹ 1,604.50"

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?

382 0

  • 1
    9
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    7
    Correct
    Wrong
  • 4
    6
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "8"

Q:

A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is: 

343 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 5,200
    Correct
    Wrong
  • 3
    Rs. 5,280
    Correct
    Wrong
  • 4
    Rs.5,400
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "Rs. 5,000"

Q:

A certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7,803 at the end of one year. The sum is: 

229 0

  • 1
    Rs. 7,000
    Correct
    Wrong
  • 2
    Rs. 7,200
    Correct
    Wrong
  • 3
    Rs. 7,500
    Correct
    Wrong
  • 4
    Rs. 7,700
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 7,500"

Q:

A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is: 

279 0

  • 1
    Rs. 9000
    Correct
    Wrong
  • 2
    Rs. 8400
    Correct
    Wrong
  • 3
    Rs. 7500
    Correct
    Wrong
  • 4
    Rs. 8000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 8000"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully