Compound interest questions Practice Question and Answer
8 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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5f75a67ef66ef56de84ea9d7- 110true
- 211false
- 320false
- 4100false
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Answer : 1. "10"
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
832 05f16a4ad97cc6b353bf3c109
5f16a4ad97cc6b353bf3c109- 1Rs. 1,500false
- 2Rs. 2,500false
- 3Rs. 2,000true
- 4Rs. 1,000false
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Answer : 3. "Rs. 2,000 "
Q: The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:
802 0643e730b01d99786d0f0b1ee
643e730b01d99786d0f0b1ee- 1Rs. 2980false
- 2Rs. 3091false
- 3Rs. 3109true
- 4Rs. 3100false
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Answer : 3. "Rs. 3109 "
Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
787 060632eb38278fd441927b739
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
787 26343e830e76f2264c5dfc78e
6343e830e76f2264c5dfc78e- 1₹2900false
- 2₹2200false
- 3₹2400true
- 4₹3100false
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Answer : 3. "₹2400"
Q: At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?
781 0643e72c832185cce37427733
643e72c832185cce37427733- 120%true
- 232%false
- 350%false
- 480%false
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Answer : 1. "20% "
Q: What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?
775 0632297804eed097ecb55fefa
632297804eed097ecb55fefa- 134846false
- 234481true
- 319448false
- 437946false
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Answer : 2. "34481"
Q: A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’.
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64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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