Compound interest questions Practice Question and Answer
8 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 is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
768 0641311a0b34a0b67fce4d10d
641311a0b34a0b67fce4d10d- 1₹5,280false
- 2₹4,820false
- 3₹6,080false
- 4₹5,040true
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Answer : 4. "₹5,040"
Q: The compound interest on a certain sum for first two successive years are Rs. 100 and Rs. 172 respectively. Find the rate of interest.
766 062fb67278921e519c135135a
62fb67278921e519c135135a- 163%false
- 272%false
- 355%false
- 410%true
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Answer : 4. "10%"
Q: ₹12,000 is lent for one year t the rate of 15% per annum, the interest being compounded annually. If the compounding of the interest is done half- yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum?
766 06426db149d18d2e8ae1df1f9
6426db149d18d2e8ae1df1f9- 1₹72.5false
- 2₹82.8false
- 3₹60.5false
- 4₹67.5true
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Answer : 4. "₹67.5"
Q: A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is:
760 0643e762d6d6383d2628e49e9
643e762d6d6383d2628e49e9- 1Rs. 9000false
- 2Rs. 8400false
- 3Rs. 7500false
- 4Rs. 8000true
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Answer : 4. "Rs. 8000"
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?
757 064a5420965d2524cbf0bef36
64a5420965d2524cbf0bef36- 1₹10,123.20true
- 2₹9,824.00false
- 3₹10,520.00false
- 4₹9,956.86false
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Answer : 1. "₹10,123.20 "
Q: A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is:
752 0643e774d32185cce37429a41
643e774d32185cce37429a41- 1Rs. 5,000true
- 2Rs. 5,200false
- 3Rs. 5,280false
- 4Rs.5,400false
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Answer : 1. "Rs. 5,000"
Q: A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of equivalent amount in next two years. If the rate of interest is 4% per annum, compounded. yearly, the cash value of the 50 scooter, is:
748 0643e750e2d621da1169a25d3
643e750e2d621da1169a25d3- 1Rs. 40000false
- 2Rs. 46824true
- 3Rs. 46000false
- 4Rs. 50000false
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