Compound Interest Practice Question and Answer
8Q: Find the difference between SI and CI for three years at 10% per annual rate on Rs 4000 1554 05d11fe6a557b295f691f6578
5d11fe6a557b295f691f6578- 1Rs 125false
- 2Rs 126false
- 3Rs 124true
- 4Rs 127false
- 5None of thesefalse
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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? 1537 05d1209c1dea5da6dbe8bf262
5d1209c1dea5da6dbe8bf262- 1300false
- 23,000true
- 36,000false
- 44,000false
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Answer : 2. "3,000"
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?
1533 05f16e4b18cf3201b6328b4a5
5f16e4b18cf3201b6328b4a5- 19false
- 24false
- 37false
- 410true
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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?
1523 060532de1528a962d2e430934
60532de1528a962d2e430934- 14878false
- 25438false
- 34300false
- 44374true
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Answer : 4. "4374"
Q: A sum of money at compound interest amounts to thrice itself in three years. In how many years will it be 81 times itself? 1521 05d11faf8557b295f691f6571
5d11faf8557b295f691f6571- 127false
- 29false
- 312true
- 415false
- 5None of thesefalse
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Answer : 3. "12"
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.
1492 06078eecc63b9781494e72d8b
6078eecc63b9781494e72d8b- 1168false
- 2242false
- 3115false
- 4121true
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Answer : 4. "121"
Q: Interest earned by Ramesh on Rs.10,000 for 2 years at R% p.a. simple interest is how much more/less than interest earned by him on Rs. 8000 for 2 years at (R+10)% p.a. compounding annually. If Rs. 2000 is invested at 2R% p.a. simple interest for a year, then it would fetch an interest of Rs.400.
1468 05fd35c8beddcb86a7ee476f9
5fd35c8beddcb86a7ee476f9- 1Rs.1220false
- 2Rs.1000false
- 3Rs. 1520true
- 4Rs. 930false
- 5Rs.1140false
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Answer : 3. "Rs. 1520"
Q: The difference between CI and SI on a sum of money for 3 years at 5% per annum is Rs.61. Find the sum.
1452 060377047cd43d04a8f4b81d8
60377047cd43d04a8f4b81d8- 1₹ 6000false
- 2₹ 8000true
- 3₹ 4000false
- 4₹ 4680false
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