Compound interest questions Practice Question and Answer

Q:

Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.

761 0

  • 1
    ₹ 3,276.40
    Correct
    Wrong
  • 2
    ₹ 2,948.60
    Correct
    Wrong
  • 3
    ₹ 3401.30
    Correct
    Wrong
  • 4
    ₹ 1,604.50
    Correct
    Wrong
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Answer : 4. "₹ 1,604.50"

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.

758 0

  • 1
    14600
    Correct
    Wrong
  • 2
    12500
    Correct
    Wrong
  • 3
    14642
    Correct
    Wrong
  • 4
    14641
    Correct
    Wrong
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Answer : 4. "14641"

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?

749 0

  • 1
    1600
    Correct
    Wrong
  • 2
    1625.5
    Correct
    Wrong
  • 3
    1575.2
    Correct
    Wrong
  • 4
    2000
    Correct
    Wrong
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Answer : 3. "1575.2"

Q:

If interest be compounded half-yearly, then find the compound interest on ₹8,000 at the rate of 20% per annum for 1 year. 

749 0

  • 1
    ₹1,675
    Correct
    Wrong
  • 2
    ₹1,690
    Correct
    Wrong
  • 3
    ₹1,685
    Correct
    Wrong
  • 4
    ₹1,680
    Correct
    Wrong
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Answer : 4. "₹1,680"

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?

746 0

  • 1
    147.20
    Correct
    Wrong
  • 2
    152.80
    Correct
    Wrong
  • 3
    155
    Correct
    Wrong
  • 4
    150
    Correct
    Wrong
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Answer : 1. "147.20 "

Q:

A sum invested at compound inrerest amounts to ₹7,800 in 3 years and ₹11,232 in 5 years. What is the rate per cent? 

717 0

  • 1
    26
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
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Answer : 2. "20 "

Q:

A certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7,803 at the end of one year. The sum is: 

697 0

  • 1
    Rs. 7,000
    Correct
    Wrong
  • 2
    Rs. 7,200
    Correct
    Wrong
  • 3
    Rs. 7,500
    Correct
    Wrong
  • 4
    Rs. 7,700
    Correct
    Wrong
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Answer : 3. "Rs. 7,500"

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