Compound interest questions Practice Question and Answer
8Q: 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 15d11ebe84702d75f768831e9
5d11ebe84702d75f768831e9- 1Rs.200false
- 2Rs.208true
- 3Rs.212false
- 4Rs.220false
- 5None of thesefalse
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Answer : 2. "Rs.208"
Explanation :
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Q: The Population of vultures in a particular locality is decreases by a certain rate of interest (compounded annually). If the current population of vultures be 29160 and the ratio of decrease in population for second year and third year be 10: 9. What was the population of vultures 3 years ago?
2673 05e900099f681623fa5605aa0
5e900099f681623fa5605aa0- 130000false
- 235000false
- 340000true
- 450000false
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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 05d777c54315eb75b1463f0f6
5d777c54315eb75b1463f0f6- 1Rs 16000false
- 2Rs 21000true
- 3Rs 15000false
- 4Rs 28000false
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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 05f16a03b97cc6b353bf3b316
5f16a03b97cc6b353bf3b316- 1Rs. 46000false
- 2Rs. 50000false
- 3Rs. 40000false
- 4Rs. 46824true
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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 05e78b87457696a734c29b3d5
5e78b87457696a734c29b3d5- 1820 : 1361false
- 2820 : 1261true
- 31261 : 820false
- 41361 : 820false
- 5None of thesefalse
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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 05dc1184096420169a01f049e
5dc1184096420169a01f049e- 1Rs.3045 / ₹ 3045true
- 2Rs.2875 / ₹ 2875false
- 3Rs.3125 / ₹3125false
- 4Rs.2965 / ₹ 2965false
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Answer : 1. "Rs.3045 / ₹ 3045 "
Q: Rajnish borrowed ₹1,500 from a bank and repaid the entire amount with interest in two equal annual instalments, the first instalment being paid a year after Rajnish borrowed from the bank. If the rate of interest was 40% per annum, compounded annually, then what was the value (in ₹) of each instalment paid by Rajnish?
2171 064b504fd36fc1bf576508650
64b504fd36fc1bf576508650- 11125false
- 21470false
- 31225true
- 41350false
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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 05dd63c02db51363c023955b6
5dd63c02db51363c023955b6- 16150false
- 27687.5false
- 34612.5false
- 43075true
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