Compound interest questions Practice Question and Answer

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?

836 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:

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 0

  • 1
    Rs. 1,500
    Correct
    Wrong
  • 2
    Rs. 2,500
    Correct
    Wrong
  • 3
    Rs. 2,000
    Correct
    Wrong
  • 4
    Rs. 1,000
    Correct
    Wrong
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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 0

  • 1
    Rs. 2980
    Correct
    Wrong
  • 2
    Rs. 3091
    Correct
    Wrong
  • 3
    Rs. 3109
    Correct
    Wrong
  • 4
    Rs. 3100
    Correct
    Wrong
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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 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:

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 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:

At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?

781 0

  • 1
    20%
    Correct
    Wrong
  • 2
    32%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    80%
    Correct
    Wrong
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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 0

  • 1
    34846
    Correct
    Wrong
  • 2
    34481
    Correct
    Wrong
  • 3
    19448
    Correct
    Wrong
  • 4
    37946
    Correct
    Wrong
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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’. 

769 0

  • 1
    Rs. 1750
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1250
    Correct
    Wrong
  • 4
    Rs. 1850
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. " Rs. 1500"

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