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
1319 05f16a4ad97cc6b353bf3c109
5f16a4ad97cc6b353bf3c109- 1Rs. 1,500false
- 2Rs. 2,500false
- 3Rs. 2,000true
- 4Rs. 1,000false
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Answer : 3. "Rs. 2,000 "
Q: A sum of Rs. 6,000 is deposited for 3 years at 5% per annuam compound interest (compoun- ded annually). The difference of interests for 3 and 2 years will be:
1301 0643e74381ce944a93eaca518
643e74381ce944a93eaca518- 1Rs. 75.00false
- 2Rs. 30.75false
- 3Rs. 330.75true
- 4Rs. 375.00false
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Answer : 3. "Rs. 330.75 "
Q: What will be the compound interest on Rs 10000 for 3 years when the rate of interest is 4% in the first year, 5% in the second year and 6% in the third year?
1298 0632294d43f5a4d2dcff4c76c
632294d43f5a4d2dcff4c76c- 11600false
- 21625.5false
- 31575.2true
- 42000false
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Answer : 3. "1575.2"
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:
1297 0643e750e2d621da1169a25d3
643e750e2d621da1169a25d3- 1Rs. 40000false
- 2Rs. 46824true
- 3Rs. 46000false
- 4Rs. 50000false
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Answer : 2. "Rs. 46824 "
Q: Rs. 10,000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half yearly.
1295 062fb5eff39a8157d9718306e
62fb5eff39a8157d9718306e- 114600false
- 212500false
- 314642false
- 414641true
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Answer : 4. "14641"
Q: Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.
1293 064660871c899b466f455f929
64660871c899b466f455f929- 1₹ 3,276.40false
- 2₹ 2,948.60false
- 3₹ 3401.30false
- 4₹ 1,604.50true
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Answer : 4. "₹ 1,604.50"
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?
1293 05fa91795ece37f51362df56e
5fa91795ece37f51362df56e- 146,410true
- 244,000false
- 321,000false
- 433,100false
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Answer : 1. "46,410"
Q: A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is:
1289 0643e762d6d6383d2628e49e9
643e762d6d6383d2628e49e9- 1Rs. 9000false
- 2Rs. 8400false
- 3Rs. 7500false
- 4Rs. 8000true
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