Compound Interest Practice Question and Answer
8 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?
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605af466c5c99d2cb7f43d52- 115 yearsfalse
- 220 yearstrue
- 324 yearsfalse
- 440 yearsfalse
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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 06058652c19447609ff02ecc1
6058652c19447609ff02ecc1- 1Rs. 200false
- 2Rs. 50false
- 3Rs. 150false
- 4Rs. 100true
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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 060532de1528a962d2e430934
60532de1528a962d2e430934- 14878false
- 25438false
- 34300false
- 44374true
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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 0605318c3a37d522d6c196d80
605318c3a37d522d6c196d80- 1Rs. 1,290false
- 2Rs.1,310true
- 3Rs. 1285false
- 4Rs. 1,415false
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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 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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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 060377047cd43d04a8f4b81d8
60377047cd43d04a8f4b81d8- 1₹ 6000false
- 2₹ 8000true
- 3₹ 4000false
- 4₹ 4680false
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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 0603740a69d90e74af72ae9da
603740a69d90e74af72ae9da- 19000false
- 28400false
- 37500false
- 48000true
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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?
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602e40f06d461f66398818f5- 114174false
- 210174false
- 312174true
- 413174false
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