Compound interest questions Practice Question and Answer
8 Q: A sum of money doubles itself at compound interest in 15 years. In how many years it will become eight times?
1115 05efeab3e9bfe193cd14b6fc6
5efeab3e9bfe193cd14b6fc6- 130 yearfalse
- 245 yeartrue
- 350 yearfalse
- 460 yearfalse
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Answer : 2. "45 year"
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:
1110 05feda0b30af48a69de4d3600
5feda0b30af48a69de4d3600- 1Rs. 2000true
- 2Rs. 1000false
- 3Rs. 2500false
- 4Rs. 1500false
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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?
1109 05f1e701426299776aa409bfe
5f1e701426299776aa409bfe- 12280 Rupeesfalse
- 21960 Rupeesfalse
- 32170 Rupeestrue
- 42120 Rupeesfalse
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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?
1108 0609910dbc4aedb3e8066b325
609910dbc4aedb3e8066b325- 1Rs. 16525.50false
- 2Rs. 18150false
- 3Rs. 16537.50true
- 4Rs. 16500false
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Answer : 3. "Rs. 16537.50"
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.
1108 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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Answer : 2. "Rs. 18000"
Q: A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest is -
1104 05f16a390cf79540a7538dea1
5f16a390cf79540a7538dea1- 116 yearsfalse
- 224 yearsfalse
- 318 yearsfalse
- 412 yearstrue
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Answer : 4. "12 years "
Q: The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:
1102 0643e730b01d99786d0f0b1ee
643e730b01d99786d0f0b1ee- 1Rs. 2980false
- 2Rs. 3091false
- 3Rs. 3109true
- 4Rs. 3100false
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Answer : 3. "Rs. 3109 "
Q: The difference between the compound and the simple interest on a sum for 2 years at 10 % per annum , when the interest is compounded annually, is Rs.28. If the yearly interest were compounded half yearly, the difference in the two interests will be
1090 05f16a1399a713b0717cd0183
5f16a1399a713b0717cd0183- 1Rs. 43.41true
- 2Rs. 43.29false
- 3Rs. 44false
- 4Rs. 28.35false
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