Compound interest questions Practice Question and Answer

Q: What would be the compound interest obtained on an amount of Rs.1250 at the rate of 8 percent per annum after 2 years? 2704 1

  • 1
    Rs.200
    Correct
    Wrong
  • 2
    Rs.208
    Correct
    Wrong
  • 3
    Rs.212
    Correct
    Wrong
  • 4
    Rs.220
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs.208"
Explanation :

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Answer : 3. "40000 "

Q:

Two sums are in the ratio 4:3. Both the sums are lent at 5% per annum and 10% per annum under compound interest for two years. The difference between the interest at the end of two years is Rs. 1540. What was the sum lent at 10% per annum?

2485 0

  • 1
    Rs 16000
    Correct
    Wrong
  • 2
    Rs 21000
    Correct
    Wrong
  • 3
    Rs 15000
    Correct
    Wrong
  • 4
    Rs 28000
    Correct
    Wrong
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Answer : 2. "Rs 21000"

Q:

A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of an equivalent amount in the next two years. If the rate of interest is 4% per annum, compounded yearly, the cash value of the scooter, is 

2299 0

  • 1
    Rs. 46000
    Correct
    Wrong
  • 2
    Rs. 50000
    Correct
    Wrong
  • 3
    Rs. 40000
    Correct
    Wrong
  • 4
    Rs. 46824
    Correct
    Wrong
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Answer : 4. "Rs. 46824 "

Q:

The simple interest on a certain sum for 2 years at a certain rate of interest is Rs.2000 and compound interest on the same sum, same time and same rate of interest is Rs.2050. Then find the ratio between CI for 2 years and CI for 3 years?

2293 0

  • 1
    820 : 1361
    Correct
    Wrong
  • 2
    820 : 1261
    Correct
    Wrong
  • 3
    1261 : 820
    Correct
    Wrong
  • 4
    1361 : 820
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "820 : 1261"

Q:

Find compound interest on Rs. 50000 at 12 % per annum for 6 months, compounded quarterly. 

2243 0

  • 1
    Rs.3045 / ₹ 3045
    Correct
    Wrong
  • 2
    Rs.2875 / ₹ 2875
    Correct
    Wrong
  • 3
    Rs.3125 / ₹3125
    Correct
    Wrong
  • 4
    Rs.2965 / ₹ 2965
    Correct
    Wrong
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Answer : 1. "Rs.3045 / ₹ 3045 "

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Answer : 3. "1225"

Q:

There is 40 % increase in an amount in 8 years at simple interest. What will be the compound interest  (in rupees) of Rs 30000 after 2 years at the same rate? 

2094 0

  • 1
    6150
    Correct
    Wrong
  • 2
    7687.5
    Correct
    Wrong
  • 3
    4612.5
    Correct
    Wrong
  • 4
    3075
    Correct
    Wrong
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Answer : 4. "3075 "

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