Compound interest questions Practice Question and Answer

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? 

2229 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:

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

2196 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: Find the compound interest on Rs.6250 at 12% per annum rate for one year if interest is calculated on half yearly basis. 2174 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:

A certain sum amount to Rs.5832 in 2 year at 8% per annum at compound interest, the sum is

2141 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:

An amount of money appreciates to Rs. 7,000 after 4 years and to Rs. 10,000 after 8 years at a certain compound interest compounded annually. The initial amount of money was 

2013 0

  • 1
    Rs. 4100
    Correct
    Wrong
  • 2
    Rs. 4300
    Correct
    Wrong
  • 3
    Rs. 4700
    Correct
    Wrong
  • 4
    Rs . 4900
    Correct
    Wrong
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Answer : 4. "Rs . 4900 "

Q:

A certain amount of money is lent out at compound interest at the rate of 20% per annum for two years, compounded annually. It would give Rs. 482 more if the amount is compounded half yearly. Find the principal.

2010 0

  • 1
    Rs. 30000
    Correct
    Wrong
  • 2
    Rs. 10000
    Correct
    Wrong
  • 3
    Rs. 15000
    Correct
    Wrong
  • 4
    Rs. 25000
    Correct
    Wrong
  • 5
    Rs. 20000
    Correct
    Wrong
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Answer : 5. "Rs. 20000"

Q:

A sum on compound interest amounts to Rs. 2410 in 3 years and Rs. 2651 in 4 years. Find the sum.

2000 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: What amount of compound interest can be obtained on the principal amount of Rs. 15800 at the rate of 6 percent per annum at the end of 2 years? 1970 0

  • 1
    Rs 1,896
    Correct
    Wrong
  • 2
    Rs.2012.48
    Correct
    Wrong
  • 3
    Rs. 1952.88
    Correct
    Wrong
  • 4
    Rs.1,956
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs. 1952.88"

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