Compound Interest Practice Question and Answer

Q:

A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?

1249 0

  • 1
    15 years
    Correct
    Wrong
  • 2
    20 years
    Correct
    Wrong
  • 3
    24 years
    Correct
    Wrong
  • 4
    40 years
    Correct
    Wrong
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Answer : 2. "20 years"

Q:

If the compound interest on a certain sum for 2 years at 4% p.a. is Rs. 102, the simple interest at the same rate of interest for two years would be:

1085 0

  • 1
    Rs. 200
    Correct
    Wrong
  • 2
    Rs. 50
    Correct
    Wrong
  • 3
    Rs. 150
    Correct
    Wrong
  • 4
    Rs. 100
    Correct
    Wrong
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Answer : 4. "Rs. 100"

Q:

A sum amounts to ₹ 6480 in 4 years and ₹ 9600 in 8 years when it is compounded annually. Find the sum?

1521 0

  • 1
    4878
    Correct
    Wrong
  • 2
    5438
    Correct
    Wrong
  • 3
    4300
    Correct
    Wrong
  • 4
    4374
    Correct
    Wrong
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Answer : 4. "4374"

Q:

A sum of Rs 5,000 amounts to Rs 7,200 in 8 years at a certain rate percent p.a, interest compounded yearly. What will be the compound interest on a sum of Rs.6,550 in 4 years at the same rate of interest?

1392 0

  • 1
    Rs. 1,290
    Correct
    Wrong
  • 2
    Rs.1,310
    Correct
    Wrong
  • 3
    Rs. 1285
    Correct
    Wrong
  • 4
    Rs. 1,415
    Correct
    Wrong
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Answer : 2. "Rs.1,310"

Q:

The difference between compound interest and simple interest on a sum of money for 3 years at 8% per annum is Rs. 354.80. Find the sum.

1031 0

  • 1
    Rs. 15000
    Correct
    Wrong
  • 2
    Rs. 18000
    Correct
    Wrong
  • 3
    Rs. 32000
    Correct
    Wrong
  • 4
    Rs. 27000
    Correct
    Wrong
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Answer : 2. "Rs. 18000"

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 0

  • 1
    ₹ 6000
    Correct
    Wrong
  • 2
    ₹ 8000
    Correct
    Wrong
  • 3
    ₹ 4000
    Correct
    Wrong
  • 4
    ₹ 4680
    Correct
    Wrong
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Answer : 2. "₹ 8000"

Q:

1261 in 3 years at the rate of 5 percent annual interest on a sum of money. Interest is received by compound . money will be

1026 0

  • 1
    9000
    Correct
    Wrong
  • 2
    8400
    Correct
    Wrong
  • 3
    7500
    Correct
    Wrong
  • 4
    8000
    Correct
    Wrong
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Answer : 4. "8000"

Q:

Find the compound interest on a sum of Rs. 46875 for 2 years at 12% p.a, if interest is compounded 8 months?

1235 0

  • 1
    14174
    Correct
    Wrong
  • 2
    10174
    Correct
    Wrong
  • 3
    12174
    Correct
    Wrong
  • 4
    13174
    Correct
    Wrong
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Answer : 3. "12174 "

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