Compound interest questions Practice Question and Answer

Q:

If the compound interest on a certain sum for 2 years at 4% p.a. is Rs. 102, the simple interest at the same rate of interest for two years would be:

906 0

  • 1
    Rs. 200
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 150
    Correct
    Wrong
  • 4
    Rs. 100
    Correct
    Wrong
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Answer : 4. "Rs. 100"

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:

906 0

  • 1
    Rs. 2000
    Correct
    Wrong
  • 2
    Rs. 1000
    Correct
    Wrong
  • 3
    Rs. 2500
    Correct
    Wrong
  • 4
    Rs. 1500
    Correct
    Wrong
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Answer : 1. "Rs. 2000"

Q:

What will be the compound interest (compounded annually) of 3 years at the rate of 12.5 percent on an amount of Rs. 5120?

902 0

  • 1
    2280 Rupees
    Correct
    Wrong
  • 2
    1960 Rupees
    Correct
    Wrong
  • 3
    2170 Rupees
    Correct
    Wrong
  • 4
    2120 Rupees
    Correct
    Wrong
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Answer : 3. "2170 Rupees "

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?

900 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:

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?

884 0

  • 1
    9
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    7
    Correct
    Wrong
  • 4
    6
    Correct
    Wrong
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Answer : 2. "8"

Q:

A sum of money doubles itself at compound interest in 15 years. In how many years it  will become eight times?

879 0

  • 1
    30 year
    Correct
    Wrong
  • 2
    45 year
    Correct
    Wrong
  • 3
    50 year
    Correct
    Wrong
  • 4
    60 year
    Correct
    Wrong
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Answer : 2. "45 year"

Q:

A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is 

876 0

  • 1
    3 %
    Correct
    Wrong
  • 2
    5 %
    Correct
    Wrong
  • 3
    6 %
    Correct
    Wrong
  • 4
    7 %
    Correct
    Wrong
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Answer : 2. "5 % "

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