Compound interest questions Practice Question and Answer
8 Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
1251 060632eb38278fd441927b739
60632eb38278fd441927b739- 145 yearstrue
- 248 yearsfalse
- 354 yearsfalse
- 460 yearsfalse
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Answer : 1. "45 years "
Q: What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
1234 0641311a0b34a0b67fce4d10d
641311a0b34a0b67fce4d10d- 1₹5,280false
- 2₹4,820false
- 3₹6,080false
- 4₹5,040true
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Answer : 4. "₹5,040"
Q: The difference between compound interest and simple interest on a sum of money for 3 years at 8% per annum is Rs. 354.80. Find the sum.
1229 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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Answer : 2. "Rs. 18000"
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.
1221 062fb66b78921e519c1350a0f
62fb66b78921e519c1350a0f- 1Rs. 2400true
- 2Rs. 3025false
- 3Rs. 2420false
- 4Rs. 4220false
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Answer : 1. "Rs. 2400 "
Q: A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is:
1216 0643e774d32185cce37429a41
643e774d32185cce37429a41- 1Rs. 5,000true
- 2Rs. 5,200false
- 3Rs. 5,280false
- 4Rs.5,400false
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Answer : 1. "Rs. 5,000"
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
1209 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 a sum of ₹5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly, is:
1199 064ba503e2d3130f57542e6ec
64ba503e2d3130f57542e6ec- 1₹1,850false
- 2₹1,880false
- 3₹1,820.50true
- 4₹1,773.75false
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Answer : 3. "₹1,820.50"
Q: If the compound interest rate is 20% per year, compounded half-yearly, then what will be the interest of two years on the principal of 1,00,000?
1193 05fa91795ece37f51362df56e
5fa91795ece37f51362df56e- 146,410true
- 244,000false
- 321,000false
- 433,100false
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