Compound interest questions Practice Question and Answer
8 Q: What is compound interest accrued on an amount of Rs 45000 in 2 yr @ 9% per annum ?
1630 05e6c8683b8843673942af96a
5e6c8683b8843673942af96a- 1Rs 8600false
- 2Rs 8565.40false
- 3Rs 8464.50true
- 4Rs 8540false
- 5None of thesefalse
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Answer : 3. "Rs 8464.50"
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.
1630 05f16c2698cf3201b6327e6a4
5f16c2698cf3201b6327e6a4- 16false
- 28false
- 32false
- 44true
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Answer : 4. "4 "
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?
1629 05f4e171f7e85226ee746d291
5f4e171f7e85226ee746d291- 127 yearsfalse
- 236 yearsfalse
- 345 yearstrue
- 454 yearsfalse
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Answer : 3. "45 years"
Q: What will be compound interest on a sum of Rs. 1000 at the rate of interest 10% after 5 years?
1628 05f634654a372fb53670d839a
5f634654a372fb53670d839a- 1Rs. 610.51true
- 2Rs. 559.45false
- 3Rs. 665.50false
- 4Rs. 665.51false
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Answer : 1. "Rs. 610.51"
Q: Find the difference between SI and CI for three years at 10% per annual rate on Rs 4000 1624 05d11fe6a557b295f691f6578
5d11fe6a557b295f691f6578- 1Rs 125false
- 2Rs 126false
- 3Rs 124true
- 4Rs 127false
- 5None of thesefalse
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Answer : 3. "Rs 124"
Q: Raman took a loan of Rs. 15000 from Laxman. He was agreed that for the first three years rate of interest charged would be at 8% Simple Interest per annum and at 10% Compound Interest (compounded, annually) from the fourth year onwards. Ram did not pay anything until the end of the fifth year. How much would he repay if he clears the entire amount, only at the end of fifth year? (inRs.)
1611 05fd1d80e02048c5f0a1cb303
5fd1d80e02048c5f0a1cb303- 1Rs. 22506true
- 2Rs. 22105false
- 3Rs. 22900false
- 4Rs. 22500false
- 5Rs. 22450false
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Answer : 1. "Rs. 22506"
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?
1600 05f16e4b18cf3201b6328b4a5
5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
- 410true
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Answer : 4. "10 "
Q: If rate of interest is 2% more, the amount will exceed Rs. 60 for one year, find the principal? 1582 05d1209c1dea5da6dbe8bf262
5d1209c1dea5da6dbe8bf262- 1300false
- 23,000true
- 36,000false
- 44,000false
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