Compound interest questions Practice Question and Answer
8 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?
1848 06091e4327748471dd990e5bf
6091e4327748471dd990e5bf- 15000true
- 26500false
- 33250false
- 4None of thesefalse
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Answer : 1. "5000 "
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?
1844 05f892f5de6aa3e1d0bd231de
5f892f5de6aa3e1d0bd231de- 160,000false
- 270,000false
- 355,000false
- 450,000true
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Answer : 4. "50,000"
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?
1815 05f16c9eecf79540a75399492
5f16c9eecf79540a75399492- 1100false
- 2150false
- 350true
- 475false
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Answer : 3. "50"
Q: What will be compound interest-on, a sum of Rs 1000 at die rate of 10 percent per annum after 5 year? 1797 05d11f041557b295f691f6523
5d11f041557b295f691f6523- 1Rs 610.51true
- 2Rs 559.45false
- 3Rs 665.50false
- 4Rs 665.51false
- 5None of thesefalse
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Answer : 1. "Rs 610.51"
Explanation :
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Q: Find the difference between SI and CI for three years at 10% per annual rate on Rs 4000 1778 05d11fe6a557b295f691f6578
5d11fe6a557b295f691f6578- 1Rs 125false
- 2Rs 126false
- 3Rs 124true
- 4Rs 127false
- 5None of thesefalse
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Answer : 3. "Rs 124"
Q: A, B and C invested amounts in the ratio 3 : 4 : 5 respectively. If the schemes offered compound at the rate of 20 % per annum, 15 % per annum and 10 % per annum respectively, then what will be the ratio of their amounts after 1 year?
1767 05f16cb1b8cf3201b6328181d
5f16cb1b8cf3201b6328181d- 136:46:55true
- 212:23:11false
- 33:15:25false
- 46 : 6 : 5false
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Answer : 1. "36:46:55 "
Q: A person can buy a refrigerator for Rs.15,850 on cash payment or in installments for every year at 10% p.a for four years compounded annually. What is the approximate annual installment that he should pay?
1758 05df9c47a9e7c624c9bfedf30
5df9c47a9e7c624c9bfedf30- 1Rs.6000false
- 2Rs.5500false
- 3Rs.5000true
- 4Rs.5200false
- 5Rs.4500false
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Answer : 3. "Rs.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.
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5f16c2698cf3201b6327e6a4- 16false
- 28false
- 32false
- 44true
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