Compound interest questions Practice Question and Answer
7 Q: Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.
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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: 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.
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62fb5eff39a8157d9718306e- 114600false
- 212500false
- 314642false
- 414641true
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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?
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632294d43f5a4d2dcff4c76c- 11600false
- 21625.5false
- 31575.2true
- 42000false
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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 06492d80dc7d7c7e067125d43
6492d80dc7d7c7e067125d43- 1₹1,675false
- 2₹1,690false
- 3₹1,685false
- 4₹1,680true
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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?
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6489baaaf4063d472f4b2c68- 1147.20true
- 2152.80false
- 3155false
- 4150false
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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?
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6479d977bf323e479a800d85- 126false
- 220true
- 315false
- 418false
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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 0643e76ae2d621da1169a28b4
643e76ae2d621da1169a28b4- 1Rs. 7,000false
- 2Rs. 7,200false
- 3Rs. 7,500true
- 4Rs. 7,700false
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