Compound interest questions Practice Question and Answer
8 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:
749 0643e750e2d621da1169a25d3
643e750e2d621da1169a25d3- 1Rs. 40000false
- 2Rs. 46824true
- 3Rs. 46000false
- 4Rs. 50000false
- Show Answer
- Workspace
- SingleChoice
Answer : 2. "Rs. 46824 "
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:
744 0643e75be72ca731a993c75bb
643e75be72ca731a993c75bb- 1Rs. 6,000false
- 2Rs. 5,500false
- 3Rs. 5,000true
- 4Rs. 4,500false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "Rs. 5,000 "
Q: A borrows an amount of ₹3,600 from B at a rate of 20% simple interest for 2 years and lends 75% of this amount to C at 20% compound interest for 2 years. A uses the remaining amount for his personal purpose. Find the total loss incurred by A.
720 06430109b32185cce37265188
6430109b32185cce37265188- 1₹ 928false
- 2₹ 852false
- 3₹ 1152true
- 4₹1024false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "₹ 1152"
Q: The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is
673 062fb5f738921e519c134fd86
62fb5f738921e519c134fd86- 1Rs. 1331false
- 2Rs. 331true
- 3Rs. 300false
- 4Rs. 1300false
- Show Answer
- Workspace
- SingleChoice
Answer : 2. "Rs. 331"
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?
669 0632296b44eed097ecb55f91e
632296b44eed097ecb55f91e- 12false
- 22.5true
- 33false
- 43.5false
- Show Answer
- Workspace
- SingleChoice
Answer : 2. "2.5"
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.
664 062fb66b78921e519c1350a0f
62fb66b78921e519c1350a0f- 1Rs. 2400true
- 2Rs. 3025false
- 3Rs. 2420false
- 4Rs. 4220false
- Show Answer
- Workspace
- SingleChoice
Answer : 1. "Rs. 2400 "
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:
658 0643e74381ce944a93eaca518
643e74381ce944a93eaca518- 1Rs. 75.00false
- 2Rs. 30.75false
- 3Rs. 330.75true
- 4Rs. 375.00false
- Show Answer
- Workspace
- SingleChoice
Answer : 3. "Rs. 330.75 "
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.
655 062fb5eff39a8157d9718306e
62fb5eff39a8157d9718306e- 114600false
- 212500false
- 314642false
- 414641true
- Show Answer
- Workspace
- SingleChoice