Compound interest questions Practice Question and Answer

Q:

The sum of length, breadth and height of a cuboid is 25 cm. The length of its diagonal is 15 cm. Find the total surface area of the cuboid.

1790 0

  • 1
    Correct
    Wrong
  • 2
    Correct
    Wrong
  • 3
    Correct
    Wrong
  • 4
    Correct
    Wrong
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Answer : 2. ""

Q: What will be Compound interest on Rs 2000 at 20% per annum rate for 1 year and 6 months, if interest is compounded on half-yearly basis. 1780 0

  • 1
    Rs 665
    Correct
    Wrong
  • 2
    Rs 656
    Correct
    Wrong
  • 3
    Rs 662
    Correct
    Wrong
  • 4
    Rs 663
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 662"
Explanation :

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Q:

Mr. Duggal invested Rs. 20, 000 with rate of interest at 20 p.c.p.a. The interest was compounded half yearly for first year and in the next year it was compounded yearly. What will be the total interest earned at the end of two years? 

1767 0

  • 1
    Rs. 8,800
    Correct
    Wrong
  • 2
    Rs. 9,040
    Correct
    Wrong
  • 3
    Rs. 8,040
    Correct
    Wrong
  • 4
    Rs. 9,800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "Rs. 9,040"

Q:

A principal increases by 21% over 2 years with compound interest. What will be the simple interest in 4 years at the same interest rate of Rs 1000?

1714 0

  • 1
    320
    Correct
    Wrong
  • 2
    350
    Correct
    Wrong
  • 3
    400
    Correct
    Wrong
  • 4
    420
    Correct
    Wrong
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Answer : 3. "400"

Q: A borrows a sum at 6% per annum. Rate is to be increased by 5% each year. After four year he pays Rs.3375 as simple interest. How much had he borrowed? 1713 0

  • 1
    12,000
    Correct
    Wrong
  • 2
    12500
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    8,000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "12500"
Explanation :

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Q:

Rashid borrowed Rs.15000 at the rate of 10% p.a. rate of compound interest, compound annually. He repaid a certain amount at the end of the first. Then he paid Rs. 12100 at the end of the 2nd year to completely discharge the loan. What amount did he repay at the end of 1st year?

1684 0

  • 1
    4500
    Correct
    Wrong
  • 2
    5500
    Correct
    Wrong
  • 3
    6500
    Correct
    Wrong
  • 4
    5800
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "5500"

Q:

A sum of money invested at compound interest amounts to Rs. 650 at the end of first year and Rs. 676 at the end of second year. The sum of money is 

1661 0

  • 1
    Rs. 625
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 600
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
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Answer : 1. "Rs. 625 "

Q: C.I. on a certain sum is Rs.1261 in 3 years at 5%. Find the sum? 1644 1

  • 1
    5,000
    Correct
    Wrong
  • 2
    10,000
    Correct
    Wrong
  • 3
    8,000
    Correct
    Wrong
  • 4
    9,000
    Correct
    Wrong
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Answer : 3. "8,000 "

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