Compound interest questions Practice Question and Answer

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.

720 0

  • 1
    63%
    Correct
    Wrong
  • 2
    72%
    Correct
    Wrong
  • 3
    55%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 4. "10%"

Q:

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

717 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:

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

713 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 invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’. 

710 0

  • 1
    Rs. 1750
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1250
    Correct
    Wrong
  • 4
    Rs. 1850
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. " Rs. 1500"

Q:

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

708 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:

A money-lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way; he ghins Rs. 104.50 a year. The amount of money he borrows, is:

686 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 5,500
    Correct
    Wrong
  • 3
    Rs. 5,000
    Correct
    Wrong
  • 4
    Rs. 4,500
    Correct
    Wrong
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Answer : 3. "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:

685 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 "

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?  

667 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 "

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