Compound interest questions Practice Question and Answer
8 Q: The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 9 % per anmum is Rs . 405 The sum is
2828 05d9dacf15863b37fdc696104
5d9dacf15863b37fdc696104- 150000true
- 2100000false
- 3200000false
- 4150000false
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Answer : 1. "50000"
Explanation :
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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
2797 05f16a03b97cc6b353bf3b316
5f16a03b97cc6b353bf3b316- 1Rs. 46000false
- 2Rs. 50000false
- 3Rs. 40000false
- 4Rs. 46824true
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Answer : 4. "Rs. 46824 "
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?
2761 05dd63c02db51363c023955b6
5dd63c02db51363c023955b6- 16150false
- 27687.5false
- 34612.5false
- 43075true
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Answer : 4. "3075 "
Q: Find the compound interest on Rs.6250 at 12% per annum rate for one year if interest is calculated on half yearly basis. 2755 05d11f65d4702d75f768831f9
5d11f65d4702d75f768831f9- 1Rs 772.50true
- 2Rs 772false
- 3Rs 662false
- 4Rs 663false
- 5None of thesefalse
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Answer : 1. "Rs 772.50"
Explanation :
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Q: The difference between C.I and S.I is Rs 200 at 5% for 2 years. Find the principal? 2623 25d121376dea5da6dbe8bf27a
5d121376dea5da6dbe8bf27a- 180,000true
- 240,000false
- 320,000false
- 410,000false
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Answer : 1. "80,000"
Explanation :
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Q: A certain sum amount to Rs.5832 in 2 year at 8% per annum at compound interest, the sum is
2619 05f0ec2a8f4c8bf4bad01db87
5f0ec2a8f4c8bf4bad01db87- 1Rs. 5,800false
- 2Rs. 5,000true
- 3Rs. 5,280false
- 4Rs. 5,400false
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Answer : 2. "Rs. 5,000"
Q: A sum on compound interest amounts to Rs. 2410 in 3 years and Rs. 2651 in 4 years. Find the sum.
2609 05fd878206c22b74b3a9ef28e
5fd878206c22b74b3a9ef28e- 1Rs. 1216false
- 2Rs. 1500false
- 3Rs. 1900false
- 4Rs. 1600false
- 5None of thesetrue
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Answer : 5. "None of these"
Q: Mr. Tiwari invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -
2608 05ee217c7ef054905196ffa10
5ee217c7ef054905196ffa10- 1Rs.12000false
- 2Rs.13500false
- 3Rs.15000true
- 4Rs.16500false
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