Compound interest questions Practice Question and Answer

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?

1155 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:

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 

1151 0

  • 1
    Rs. 43.41
    Correct
    Wrong
  • 2
    Rs. 43.29
    Correct
    Wrong
  • 3
    Rs. 44
    Correct
    Wrong
  • 4
    Rs. 28.35
    Correct
    Wrong
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Answer : 1. "Rs. 43.41 "

Q:

What will be the difference between the compound interest and simple interest of 2 years at the rate of 5 percent annual interest at Rs. 4,000?

1148 0

  • 1
    10
    Correct
    Wrong
  • 2
    11
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    100
    Correct
    Wrong
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Answer : 1. "10"

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.

1142 0

  • 1
    Rs. 15000
    Correct
    Wrong
  • 2
    Rs. 18000
    Correct
    Wrong
  • 3
    Rs. 32000
    Correct
    Wrong
  • 4
    Rs. 27000
    Correct
    Wrong
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Answer : 2. "Rs. 18000"

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?  

1137 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 sum of ₹4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is ₹352. The sum lent at 8% is

1135 2

  • 1
    ₹2900
    Correct
    Wrong
  • 2
    ₹2200
    Correct
    Wrong
  • 3
    ₹2400
    Correct
    Wrong
  • 4
    ₹3100
    Correct
    Wrong
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Answer : 3. "₹2400"

Q:

A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in

1124 0

  • 1
    45 years
    Correct
    Wrong
  • 2
    48 years
    Correct
    Wrong
  • 3
    54 years
    Correct
    Wrong
  • 4
    60 years
    Correct
    Wrong
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Answer : 1. "45 years "

Q:

What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?

1124 0

  • 1
    34846
    Correct
    Wrong
  • 2
    34481
    Correct
    Wrong
  • 3
    19448
    Correct
    Wrong
  • 4
    37946
    Correct
    Wrong
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Answer : 2. "34481"

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