Compound interest questions Practice Question and Answer
8 Q: A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is
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5f16a99f97cc6b353bf3deee- 120 %false
- 210 %false
- 3100 %true
- 480 %false
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Answer : 3. "100 % "
Q: The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited?
1486 064dcbe5a462ecdc3adb4aa4c
64dcbe5a462ecdc3adb4aa4c- 1Rs. 6,000true
- 2Rs. 4,800false
- 3Rs. 3,600false
- 4Rs. 2,400false
- 5Rs. 3,400false
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Answer : 1. "Rs. 6,000"
Q: Rachit invests ₹12,000 for a 2-year period at a certain rate of simple interest per annum. Prasad invests ₹12,000 for a 2- year period at the same rate of interest per annum as Rachit, but in Prasad's case the interest is compounded annually. Find the rate of interest per annum if Prasad receives ₹172.80 more as interest than Rachit at the end of the 2-year period.
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6426e1f67ac9a186e4dea0f5- 110%false
- 28%false
- 312%true
- 45%false
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Answer : 3. "12%"
Q: The difference between the compound interest and simple interest on a certain sum at the rate of 5% p.a in 3 years is Rs. 15.25. The sum is:
1472 05feda0b30af48a69de4d3600
5feda0b30af48a69de4d3600- 1Rs. 2000true
- 2Rs. 1000false
- 3Rs. 2500false
- 4Rs. 1500false
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Answer : 1. "Rs. 2000"
Q: The difference between the simple interest and the compound interest (compounded annually) at the rate of 12% per annum on Rs.5000 for 2 years will be
1470 05ec5f75a0d983803ea4e50aa
5ec5f75a0d983803ea4e50aa- 1Rs.17.50false
- 2Rs.36false
- 3Rs.45false
- 4Rs.72true
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Answer : 4. "Rs.72 "
Q: If the interest is compounded half yearly, then interest on Rs.16000 at 5% per annum, at the end of $$ {{1}{1\over 2}}$$ years is.
1455 060b7158ecef13e72bbf96e1f
60b7158ecef13e72bbf96e1f- 1$$ {1230}{1\over 4}$$true
- 2$$ {1210}{1\over 4}$$false
- 3$$ {1215}{1\over 4}$$false
- 4$$ {1225}{1\over 4}$$false
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Answer : 1. "$$ {1230}{1\over 4}$$"
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 -
1452 06024f26bcce66f776c86d40d
6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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Answer : 1. "Rs.15000 "
Q: Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?
1451 06079383363b9781494e7f460
6079383363b9781494e7f460- 12284true
- 22176false
- 32097false
- 42235false
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