Compound interest questions Practice Question and Answer

Q:

A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.

2068 0

  • 1
    1500
    Correct
    Wrong
  • 2
    1600
    Correct
    Wrong
  • 3
    1568
    Correct
    Wrong
  • 4
    1750
    Correct
    Wrong
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Answer : 3. "1568 "

Q:

Sanjay invested Rs. 48000 in two different parts one at 10% CI (Compounded half yearly) and another one at 15% SI. At the end of the year he received total interest Rs. 5490, then find the amount invested in SI?

2062 0

  • 1
    18000
    Correct
    Wrong
  • 2
    12000
    Correct
    Wrong
  • 3
    22000
    Correct
    Wrong
  • 4
    25000
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 2. "12000"

Q:

When a amount is given at a compound interest rate of 18% per annum, the interest received on compound annual payable in two years will be Rs 960 more than half yearly interest. What is the amount?

2062 0

  • 1
    60,000
    Correct
    Wrong
  • 2
    70,000
    Correct
    Wrong
  • 3
    55,000
    Correct
    Wrong
  • 4
    50,000
    Correct
    Wrong
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Answer : 4. "50,000"

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Answer : 1. "5000 "

Q:

A sum of Rs. 2000 amounts to Rs. 4000 in two years at compound interest. In how many years does the same amount becomes Rs. 8000. 

2023 0

  • 1
    6
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    4
    Correct
    Wrong
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Answer : 4. "4 "

Q: Find the difference between SI and CI for three years at 10% per annual rate on Rs 4000 2003 0

  • 1
    Rs 125
    Correct
    Wrong
  • 2
    Rs 126
    Correct
    Wrong
  • 3
    Rs 124
    Correct
    Wrong
  • 4
    Rs 127
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 124"

Q:

On a certain principal if the simple interest for two years is Rs. 1400 and compound interest for the two years is Rs. 1449, what is the rate of interest? 

1984 0

  • 1
    3.5 %
    Correct
    Wrong
  • 2
    14 %
    Correct
    Wrong
  • 3
    7 %
    Correct
    Wrong
  • 4
    21 %
    Correct
    Wrong
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Answer : 3. "7 % "

Q: A sum of money at compound interest amounts to thrice itself in three years. In how many years will it be 81 times itself? 1972 0

  • 1
    27
    Correct
    Wrong
  • 2
    9
    Correct
    Wrong
  • 3
    12
    Correct
    Wrong
  • 4
    15
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "12"

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