Compound interest questions Practice Question and Answer

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?  

987 0

  • 1
    ₹10,123.20
    Correct
    Wrong
  • 2
    ₹9,824.00
    Correct
    Wrong
  • 3
    ₹10,520.00
    Correct
    Wrong
  • 4
    ₹9,956.86
    Correct
    Wrong
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Answer : 1. "₹10,123.20 "

Q:

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

977 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?

973 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 certain sum is lent at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the simple interest obtained is ₹27,600, then the sum is (in ₹):

949 0

  • 1
    25,000
    Correct
    Wrong
  • 2
    32,000
    Correct
    Wrong
  • 3
    27,000
    Correct
    Wrong
  • 4
    30,000
    Correct
    Wrong
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Answer : 4. "30,000"

Q:

A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is: 

931 0

  • 1
    Rs. 9000
    Correct
    Wrong
  • 2
    Rs. 8400
    Correct
    Wrong
  • 3
    Rs. 7500
    Correct
    Wrong
  • 4
    Rs. 8000
    Correct
    Wrong
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Answer : 4. "Rs. 8000"

Q:

A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is: 

921 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 5,200
    Correct
    Wrong
  • 3
    Rs. 5,280
    Correct
    Wrong
  • 4
    Rs.5,400
    Correct
    Wrong
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Answer : 1. "Rs. 5,000"

Q:

What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?

917 0

  • 1
    ₹5,280
    Correct
    Wrong
  • 2
    ₹4,820
    Correct
    Wrong
  • 3
    ₹6,080
    Correct
    Wrong
  • 4
    ₹5,040
    Correct
    Wrong
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Answer : 4. "₹5,040"

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:

895 0

  • 1
    Rs. 40000
    Correct
    Wrong
  • 2
    Rs. 46824
    Correct
    Wrong
  • 3
    Rs. 46000
    Correct
    Wrong
  • 4
    Rs. 50000
    Correct
    Wrong
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Answer : 2. "Rs. 46824 "

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