Compound interest questions Practice Question and Answer

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 0

  • 1
    50000
    Correct
    Wrong
  • 2
    100000
    Correct
    Wrong
  • 3
    200000
    Correct
    Wrong
  • 4
    150000
    Correct
    Wrong
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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 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:

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 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 "

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 0

  • 1
    Rs 772.50
    Correct
    Wrong
  • 2
    Rs 772
    Correct
    Wrong
  • 3
    Rs 662
    Correct
    Wrong
  • 4
    Rs 663
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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 2

  • 1
    80,000
    Correct
    Wrong
  • 2
    40,000
    Correct
    Wrong
  • 3
    20,000
    Correct
    Wrong
  • 4
    10,000
    Correct
    Wrong
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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 0

  • 1
    Rs. 5,800
    Correct
    Wrong
  • 2
    Rs. 5,000
    Correct
    Wrong
  • 3
    Rs. 5,280
    Correct
    Wrong
  • 4
    Rs. 5,400
    Correct
    Wrong
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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 0

  • 1
    Rs. 1216
    Correct
    Wrong
  • 2
    Rs. 1500
    Correct
    Wrong
  • 3
    Rs. 1900
    Correct
    Wrong
  • 4
    Rs. 1600
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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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 0

  • 1
    Rs.12000
    Correct
    Wrong
  • 2
    Rs.13500
    Correct
    Wrong
  • 3
    Rs.15000
    Correct
    Wrong
  • 4
    Rs.16500
    Correct
    Wrong
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Answer : 3. "Rs.15000 "

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