Compound interest questions Practice Question and Answer

Q: What will be compound interest-on, a sum of Rs 1000 at die rate of 10 percent per annum after 5 year? 1580 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
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 610.51"
Explanation :

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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?

1579 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"

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. 

1565 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:

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

1558 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"

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Answer : 1. "Rs. 22506"

Q: Find the difference between SI and CI for three years at 10% per annual rate on Rs 4000 1528 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: If rate of interest is 2% more, the amount will exceed Rs. 60 for one year, find the principal? 1521 0

  • 1
    300
    Correct
    Wrong
  • 2
    3,000
    Correct
    Wrong
  • 3
    6,000
    Correct
    Wrong
  • 4
    4,000
    Correct
    Wrong
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Answer : 2. "3,000"

Q:

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

1510 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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