Compound interest questions Practice Question and Answer
8 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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Answer : 3. "12%"
Q: The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:
977 0643e730b01d99786d0f0b1ee
643e730b01d99786d0f0b1ee- 1Rs. 2980false
- 2Rs. 3091false
- 3Rs. 3109true
- 4Rs. 3100false
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Answer : 3. "Rs. 3109 "
Q: If the difference between the compound and simple interest on a certain sum of money for 3 years at 5 % per annum is Rs. 15.25, then the sum is
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5f16a4ad97cc6b353bf3c109- 1Rs. 1,500false
- 2Rs. 2,500false
- 3Rs. 2,000true
- 4Rs. 1,000false
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Answer : 3. "Rs. 2,000 "
Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
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60632eb38278fd441927b739- 145 yearstrue
- 248 yearsfalse
- 354 yearsfalse
- 460 yearsfalse
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Answer : 1. "45 years "
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
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6343e830e76f2264c5dfc78e- 1₹2900false
- 2₹2200false
- 3₹2400true
- 4₹3100false
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Answer : 3. "₹2400"
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?
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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: 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?
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Answer : 1. "10"
Q: At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?
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