Compound interest questions Practice Question and Answer

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? 

1753 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 amounted to Rs.720 in 2 years and Rs.792 in 3 years when interest is compounded annually. The annual rate of interest , (in%) is:

1752 0

  • 1
    5%
    Correct
    Wrong
  • 2
    7.50%
    Correct
    Wrong
  • 3
    7%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 4. " 10%"

Q:

What will be compound interest on a sum of Rs. 1000 at the rate of interest 10% after 5 years?

1745 0

  • 1
    Rs. 610.51
    Correct
    Wrong
  • 2
    Rs. 559.45
    Correct
    Wrong
  • 3
    Rs. 665.50
    Correct
    Wrong
  • 4
    Rs. 665.51
    Correct
    Wrong
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Answer : 1. "Rs. 610.51"

Q:

A sum of money placed at compound interest triples itself in 9 year. In how many years will if amount to 243 times itself?

1740 0

  • 1
    27 years
    Correct
    Wrong
  • 2
    36 years
    Correct
    Wrong
  • 3
    45 years
    Correct
    Wrong
  • 4
    54 years
    Correct
    Wrong
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Answer : 3. "45 years"

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Answer : 1. "Rs. 22506"

Q:

What is compound interest accrued on an amount of Rs 45000 in 2 yr @ 9% per annum ? 

1729 0

  • 1
    Rs 8600
    Correct
    Wrong
  • 2
    Rs 8565.40
    Correct
    Wrong
  • 3
    Rs 8464.50
    Correct
    Wrong
  • 4
    Rs 8540
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 8464.50"

Q:

If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 24200, and Rs 26620 respectively, what is the rate (in %) of interest? 

1715 0

  • 1
    9
    Correct
    Wrong
  • 2
    4
    Correct
    Wrong
  • 3
    7
    Correct
    Wrong
  • 4
    10
    Correct
    Wrong
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Answer : 4. "10 "

Q:

A sum amounts to ₹ 6480 in 4 years and ₹ 9600 in 8 years when it is compounded annually. Find the sum?

1704 0

  • 1
    4878
    Correct
    Wrong
  • 2
    5438
    Correct
    Wrong
  • 3
    4300
    Correct
    Wrong
  • 4
    4374
    Correct
    Wrong
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Answer : 4. "4374"

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