Compound interest questions Practice Question and Answer
8 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?
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5e86cf2cb22d214bc7c92e25- 13.5 %false
- 214 %false
- 37 %true
- 421 %false
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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:
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60bf60a7c40f0c12f4b8e8ed- 15%false
- 27.50%false
- 37%false
- 410%true
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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 05f634654a372fb53670d839a
5f634654a372fb53670d839a- 1Rs. 610.51true
- 2Rs. 559.45false
- 3Rs. 665.50false
- 4Rs. 665.51false
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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?
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5f4e171f7e85226ee746d291- 127 yearsfalse
- 236 yearsfalse
- 345 yearstrue
- 454 yearsfalse
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Answer : 3. "45 years"
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.)
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5fd1d80e02048c5f0a1cb303- 1Rs. 22506true
- 2Rs. 22105false
- 3Rs. 22900false
- 4Rs. 22500false
- 5Rs. 22450false
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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 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: 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?
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5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
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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?
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60532de1528a962d2e430934- 14878false
- 25438false
- 34300false
- 44374true
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