Compound interest questions Practice Question and Answer
8 Q: An amount of money at compound interest grows up to Rs. 3,840 in 4 years and up to Rs. 3,936 in 5 years. Find the rate of interest.
1623 05f16b85f97cc6b353bf406b4
5f16b85f97cc6b353bf406b4- 13.5 %false
- 22.05 %false
- 32.5 %true
- 42 %false
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Answer : 3. "2.5 % "
Q: A man invested a sum of money in Scheme A, at a rate of 15% per annum for simple interest, at the end of 2 years the amount received by him is invested in scheme B at 20% per annum for compound interest. If the interest received by him from scheme B at the end of 2 years is Rs. 2860, then find the sum invested by man in the beginning?
1593 06091e4327748471dd990e5bf
6091e4327748471dd990e5bf- 15000true
- 26500false
- 33250false
- 4None of thesefalse
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Answer : 1. "5000 "
Q: Difference between C.I and S.I is Rs.35 at 5% per annum for 2 years. What is the principal? 1580 15d120d6d36b7496de237f5c7
5d120d6d36b7496de237f5c7- 114,000true
- 212,000false
- 310,000false
- 415,000false
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Answer : 1. "14,000"
Q: Sudhanshu invested Rs.15,000 at interest 10 percent at per annum for one year. If the interest is compounded every six months what amount will Sudhanshu get at the end of the year? 1580 05d11fbd04702d75f76883236
5d11fbd04702d75f76883236- 1Rs. 16,537.50true
- 2Rs.16,500false
- 3Rs. 16,525.50false
- 4Rs.18,150false
- 5None of thesefalse
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Answer : 1. "Rs. 16,537.50 "
Q: In how much time the money of Rs 6400 will be Rs 6561 at the rate of 5 percent annual interest if the compound interest is payable quarterly?
1570 05fb4e118488efb77b437f157
5fb4e118488efb77b437f157- 16 Monthtrue
- 212 Monthfalse
- 324 Monthfalse
- 418 Monthfalse
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Answer : 1. "6 Month"
Q: Rs 1250 becomes Rs 1352 after a certain period at the rate of 4% per annum. Find out the period of investment, if interest add in principal after every year? 1534 05d12146236b7496de237f5d1
5d12146236b7496de237f5d1- 14 yearsfalse
- 22 yearstrue
- 33 yearsfalse
- 45 yearsfalse
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Answer : 2. "2 years"
Explanation :
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Q: A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.
1518 05ee05d720cb2490dae74fa45
5ee05d720cb2490dae74fa45- 11500false
- 21600false
- 31568true
- 41750false
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Answer : 3. "1568 "
Q: The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 15 year?
1505 05f16c9eecf79540a75399492
5f16c9eecf79540a75399492- 1100false
- 2150false
- 350true
- 475false
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