Compound interest questions Practice Question and Answer
8 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
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6343e830e76f2264c5dfc78e- 1₹2900false
- 2₹2200false
- 3₹2400true
- 4₹3100false
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Answer : 3. "₹2400"
Q: What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
1380 0641311a0b34a0b67fce4d10d
641311a0b34a0b67fce4d10d- 1₹5,280false
- 2₹4,820false
- 3₹6,080false
- 4₹5,040true
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Answer : 4. "₹5,040"
Q: What is the difference (in ₹) between the simple interest and the compound interest on a sum of ₹8000 for $$32{2\over 5}$$ years at the rate of 10% p.a., when the interest is compounded yearly?
1364 06489baaaf4063d472f4b2c68
6489baaaf4063d472f4b2c68- 1147.20true
- 2152.80false
- 3155false
- 4150false
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Answer : 1. "147.20 "
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:
1355 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: A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is
1348 05f16a5e7cf79540a7538e235
5f16a5e7cf79540a7538e235- 13 %false
- 25 %true
- 36 %false
- 47 %false
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Answer : 2. "5 % "
Q: A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is:
1348 0643e774d32185cce37429a41
643e774d32185cce37429a41- 1Rs. 5,000true
- 2Rs. 5,200false
- 3Rs. 5,280false
- 4Rs.5,400false
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Answer : 1. "Rs. 5,000"
Q: What will be the difference between the compound interest and the simple interest on a sum of 1000 for 2 years at 5% per annum?
1325 0632296b44eed097ecb55f91e
632296b44eed097ecb55f91e- 12false
- 22.5true
- 33false
- 43.5false
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Answer : 2. "2.5"
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.
1324 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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