Compound interest questions Practice Question and Answer
8 Q: A certain sum is lent at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the simple interest obtained is ₹27,600, then the sum is (in ₹):
1444 064bfb7ec2d3130f57553f325
64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true
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Answer : 4. "30,000"
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
1425 05f16a1399a713b0717cd0183
5f16a1399a713b0717cd0183- 1Rs. 43.41true
- 2Rs. 43.29false
- 3Rs. 44false
- 4Rs. 28.35false
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Answer : 1. "Rs. 43.41 "
Q: A sum of money becomes double in 3 years at compound interest compounded annually at the same rate. In how many years will it become four times of itself?
1418 05f169c9b97cc6b353bf3a330
5f169c9b97cc6b353bf3a330- 16.4 yearsfalse
- 27.5 yearsfalse
- 34 yearsfalse
- 46 yearstrue
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Answer : 4. "6 years "
Q: If the present worth of a certain sum due 2 years hence at 10% per annum at a compound interest principal is Rs. 2500, find the amount.
1417 062fb66b78921e519c1350a0f
62fb66b78921e519c1350a0f- 1Rs. 2400true
- 2Rs. 3025false
- 3Rs. 2420false
- 4Rs. 4220false
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Answer : 1. "Rs. 2400 "
Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
1413 060632eb38278fd441927b739
60632eb38278fd441927b739- 145 yearstrue
- 248 yearsfalse
- 354 yearsfalse
- 460 yearsfalse
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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?
1412 0632297804eed097ecb55fefa
632297804eed097ecb55fefa- 134846false
- 234481true
- 319448false
- 437946false
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Answer : 2. "34481"
Q:Direction : Each of the questions below consists of a question and two statements numbered I and II are given below it. You have to decide whether the data provided in the statements are sufficient to answer the question. Read both the statements and
Give answer
(A) If the data in statement I alone are sufficient to answer the question, while the data statement II alone are not sufficient to answer the question.
(B) If the data in Statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
(C) If the data in statement I alone or in Statement II alone are sufficient to answer the question.
(D) If the data in both the statement I and II are not sufficient to answer the question.
(E) If the data in both the statement I and II together are necessary to answer the question.
What is the rate of interest p.c.pa?
I. The amount doubles itself in 10 years.
II. The simple interest accrued in 5 years in Rs 5,000.
1403 05da3fc497919e54a8e3d2690
5da3fc497919e54a8e3d2690Give answer
(A) If the data in statement I alone are sufficient to answer the question, while the data statement II alone are not sufficient to answer the question.
(B) If the data in Statement II alone are sufficient to answer the question, while the data in statement I alone are not sufficient to answer the question.
(C) If the data in statement I alone or in Statement II alone are sufficient to answer the question.
(D) If the data in both the statement I and II are not sufficient to answer the question.
(E) If the data in both the statement I and II together are necessary to answer the question.
I. The amount doubles itself in 10 years.
II. The simple interest accrued in 5 years in Rs 5,000.
- 1Atrue
- 2Bfalse
- 3Cfalse
- 4Dfalse
- 5Efalse
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Answer : 1. "A"
Q: At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?
1392 0643e72c832185cce37427733
643e72c832185cce37427733- 120%true
- 232%false
- 350%false
- 480%false
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