Compound Interest Practice Question and Answer
8 Q: Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a payable annually.
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607d39b5a4edf93f6177ca21- 145false
- 232true
- 357false
- 484false
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Answer : 2. "32"
Q: Find the compound interest to the nearest rupee on Rs. 7500 for 2 years 4 months at 12% p.a reckoned annually?
1048 06079383363b9781494e7f460
6079383363b9781494e7f460- 12284true
- 22176false
- 32097false
- 42235false
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Answer : 1. "2284"
Q: A bank pays half-yearly compound interest at the rate of 5% p.a. . A person deposited Rs 1600 on January 1 and a similar amount on July 1 . Explain how much interest will be paid by the bank at the end of the year.
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6078eecc63b9781494e72d8b- 1168false
- 2242false
- 3115false
- 4121true
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Answer : 4. "121"
Q: What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
1084 06073fb7863b9781494d83665
6073fb7863b9781494d83665- 1Rs. 69,120false
- 2Rs. 21,120true
- 3Rs. 76,800false
- 4Rs. 72,000false
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Answer : 2. "Rs. 21,120"
Q: Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:
1156 0606c3bce6a85553684ddfad5
606c3bce6a85553684ddfad5- 1Rs. 9136.6false
- 2Rs. 639.6false
- 3Rs. 693.6true
- 4Rs. 9139.6false
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Answer : 3. "Rs. 693.6"
Q: A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?
1310 0606c3514f306525d8e18823b
606c3514f306525d8e18823b- 1Rs. 4355false
- 2Rs. 4305true
- 3Rs. 430false
- 4Rs. 4350false
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Answer : 2. "Rs. 4305"
Q: Mr. Sathya invested money in FD. How much will he get on maturity, if Rs. 14,500 is invested at 20 % per annum compound interest for 6 months, compounded quarterly
1323 0606af14dc476de27c7ad93cb
606af14dc476de27c7ad93cb- 1Rs.15, 986false
- 2Rs.15, 986.5false
- 3Rs.15, 986.25true
- 4Rs.15,986.35false
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Answer : 3. "Rs.15, 986.25"
Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
979 060632eb38278fd441927b739
60632eb38278fd441927b739- 145 yearstrue
- 248 yearsfalse
- 354 yearsfalse
- 460 yearsfalse
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