Compound interest questions Practice Question and Answer
8 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?
1684 05f4e171f7e85226ee746d291
5f4e171f7e85226ee746d291- 127 yearsfalse
- 236 yearsfalse
- 345 yearstrue
- 454 yearsfalse
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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.
1682 05f16c2698cf3201b6327e6a4
5f16c2698cf3201b6327e6a4- 16false
- 28false
- 32false
- 44true
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Answer : 4. "4 "
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?
1679 05e86cf2cb22d214bc7c92e25
5e86cf2cb22d214bc7c92e25- 13.5 %false
- 214 %false
- 37 %true
- 421 %false
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Answer : 3. "7 % "
Q: What will be compound interest on a sum of Rs. 1000 at the rate of interest 10% after 5 years?
1677 05f634654a372fb53670d839a
5f634654a372fb53670d839a- 1Rs. 610.51true
- 2Rs. 559.45false
- 3Rs. 665.50false
- 4Rs. 665.51false
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Answer : 1. "Rs. 610.51"
Q: What is compound interest accrued on an amount of Rs 45000 in 2 yr @ 9% per annum ?
1676 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: 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.)
1658 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?
1647 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? 1632 05d1209c1dea5da6dbe8bf262
5d1209c1dea5da6dbe8bf262- 1300false
- 23,000true
- 36,000false
- 44,000false
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