Compound interest questions Practice Question and Answer
8 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?
2002 05f892f5de6aa3e1d0bd231de
5f892f5de6aa3e1d0bd231de- 160,000false
- 270,000false
- 355,000false
- 450,000true
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Answer : 4. "50,000"
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?
1989 06091e4327748471dd990e5bf
6091e4327748471dd990e5bf- 15000true
- 26500false
- 33250false
- 4None of thesefalse
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Answer : 1. "5000 "
Q: What will be compound interest-on, a sum of Rs 1000 at die rate of 10 percent per annum after 5 year? 1989 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: 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?
1983 05f16c9eecf79540a75399492
5f16c9eecf79540a75399492- 1100false
- 2150false
- 350true
- 475false
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Answer : 3. "50"
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.
1941 05f16c2698cf3201b6327e6a4
5f16c2698cf3201b6327e6a4- 16false
- 28false
- 32false
- 44true
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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 1925 05d11fe6a557b295f691f6578
5d11fe6a557b295f691f6578- 1Rs 125false
- 2Rs 126false
- 3Rs 124true
- 4Rs 127false
- 5None of thesefalse
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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?
1924 05e86cf2cb22d214bc7c92e25
5e86cf2cb22d214bc7c92e25- 13.5 %false
- 214 %false
- 37 %true
- 421 %false
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Answer : 3. "7 % "
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?
1910 05df9c47a9e7c624c9bfedf30
5df9c47a9e7c624c9bfedf30- 1Rs.6000false
- 2Rs.5500false
- 3Rs.5000true
- 4Rs.5200false
- 5Rs.4500false
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