Compound interest questions Practice Question and Answer

Q:

One certain Principal if the Simple interest for two years is Rs 2400 and Compound interest for the two years is Rs 2544, what is the rate of Interest? 

8461 0

  • 1
    12 %
    Correct
    Wrong
  • 2
    6 %
    Correct
    Wrong
  • 3
    24 %
    Correct
    Wrong
  • 4
    18 %
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "12 % "

Q:

Find the difference of CI and SI on a sum of Rs. 30240 invested for 3 years at rate of interest per annum.

3785 1

  • 1
    Rs. 2500
    Correct
    Wrong
  • 2
    Rs. 2440
    Correct
    Wrong
  • 3
    Rs. 2660
    Correct
    Wrong
  • 4
    Rs. 3120
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs. 2660"

Q:

A sum of Rs. 6400 amounts to Rs. 6724 at 10% p.a. compounded quarterly. Find the time period.

3484 0

  • 1
    2 years
    Correct
    Wrong
  • 2
    3 years
    Correct
    Wrong
  • 3
    3/4 year
    Correct
    Wrong
  • 4
    1/2 year
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "1/2 year"

Q:

Rs. 260200 is divided between Ram and Shyam so that the amount that Ram receives in 4 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is –

3478 0

  • 1
    Rs. 125000
    Correct
    Wrong
  • 2
    Rs. 135200
    Correct
    Wrong
  • 3
    Rs. 152000
    Correct
    Wrong
  • 4
    Rs. 108200
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 135200 "

Q:

The simple interest on Rs. 12000 at a certain rate of interest in five years is Rs. 7200. Find the compound interest on the same amount for five years at the same rate of interest.

3302 0

  • 1
    Rs. 3502.80
    Correct
    Wrong
  • 2
    Rs. 3052.40
    Correct
    Wrong
  • 3
    Rs. 3054.80
    Correct
    Wrong
  • 4
    Rs. 3052.80
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "Rs. 3052.80"

Q:

A bank offers 15 % compound interest per half-year. A customer deposits Rs 2400 each on 1 January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is –

3234 0

  • 1
    Rs. 2268
    Correct
    Wrong
  • 2
    Rs. 1134
    Correct
    Wrong
  • 3
    Rs. 567
    Correct
    Wrong
  • 4
    Rs. 283
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 1134 "

Q:

Monica deposited a total of Rs. 10500 with a bank in two different deposit schemes at 10% p.a., interest being compounded annually. As per the schemes, she gets the same amount after 2 years on the first deposit as she gets after 3 years on the second deposit. How much money did she deposit for 3 years?

3104 0

  • 1
    Rs. 4500
    Correct
    Wrong
  • 2
    Rs. 5000
    Correct
    Wrong
  • 3
    Rs. 6500
    Correct
    Wrong
  • 4
    Rs. 7200
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "Rs. 5000"

Q:

A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is –

2787 0

  • 1
    Rs 9727
    Correct
    Wrong
  • 2
    Rs 2432
    Correct
    Wrong
  • 3
    Rs 4864
    Correct
    Wrong
  • 4
    Rs 1216
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs 4864"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully