Compound interest questions Practice Question and Answer
8 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
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5f16a4ad97cc6b353bf3c109- 1Rs. 1,500false
- 2Rs. 2,500false
- 3Rs. 2,000true
- 4Rs. 1,000false
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Answer : 3. "Rs. 2,000 "
Q: At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?
1112 0643e72c832185cce37427733
643e72c832185cce37427733- 120%true
- 232%false
- 350%false
- 480%false
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Answer : 1. "20% "
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?
1099 05fa91795ece37f51362df56e
5fa91795ece37f51362df56e- 146,410true
- 244,000false
- 321,000false
- 433,100false
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Answer : 1. "46,410"
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 ₹):
1094 064bfb7ec2d3130f57553f325
64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true
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Answer : 4. "30,000"
Q: What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
1056 0641311a0b34a0b67fce4d10d
641311a0b34a0b67fce4d10d- 1₹5,280false
- 2₹4,820false
- 3₹6,080false
- 4₹5,040true
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Answer : 4. "₹5,040"
Q: A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is:
1054 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 certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is:
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643e762d6d6383d2628e49e9- 1Rs. 9000false
- 2Rs. 8400false
- 3Rs. 7500false
- 4Rs. 8000true
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Answer : 4. "Rs. 8000"
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.
1044 062fb66b78921e519c1350a0f
62fb66b78921e519c1350a0f- 1Rs. 2400true
- 2Rs. 3025false
- 3Rs. 2420false
- 4Rs. 4220false
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