Compound Interest Practice Question and Answer
8 Q: 2,40,000 is taken as loan for three years compounded annually at 12.5 % p.a. At the end of first year, the interest is revised to 12 % p.a. The total amount to be repaid at the end of third year is:
1451 05ef40cfc81a47f2e7aefa1cf
5ef40cfc81a47f2e7aefa1cf- 1₹ 3,38,688false
- 2₹ 3,42,648false
- 3₹ 3,26,400false
- 4₹ 3,34,800true
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Answer : 4. "₹ 3,34,800 "
Q: In 3 years ₹ 3000 amounts to ₹ 3993 at x % compound interest, compounded annually. The value of x is
1438 05f16e8728cf3201b6328c136
5f16e8728cf3201b6328c136- 15%false
- 233%false
- 310%true
- 48%false
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Answer : 3. "10% "
Q: The ratio between compound interest and simple interest for a certain amount is 43 : 40 for 2 years, the find the rate of interest.
1430 05e9d35620a165a45b758616a
5e9d35620a165a45b758616a- 115 %true
- 218 %false
- 320 %false
- 412 %false
- 5None of thesefalse
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Answer : 1. "15 % "
Q: On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
1426 05d7f23197f06bc6981e060d7
5d7f23197f06bc6981e060d7- 1Rs 1500false
- 2Rs. 1200false
- 3Rs. 1100false
- 4Rs. 1000true
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Answer : 4. "Rs. 1000"
Q: A certain amount of money earns ₹ 540 as simple interest in 3 years. If it earns compound interest of ₹ 376.20 at the same rate of interest in 2 years, find the principal (in Rupees).
1422 05f16cd1a9a713b0717cd9996
5f16cd1a9a713b0717cd9996- 12100false
- 22000true
- 31600false
- 41800false
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Answer : 2. "2000 "
Q: If the compound interest on a certain sum for two consecutive years is Rs.220 and Rs.242, then the rate of interest per annum is
1413 05ec5f7d0552ff02e7121496d
5ec5f7d0552ff02e7121496d- 18%false
- 210%true
- 311%false
- 412%false
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Answer : 2. "10% "
Q: The compound interest earned in two years at 8 % per annum is 3993.6 . What is the sum invested?
1411 05ed9d34af528050f9150037b
5ed9d34af528050f9150037b- 124000true
- 225000false
- 330000false
- 420000false
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Answer : 1. "24000 "
Q: How much time will it take for an amount of Rs.360 to yield Rs.72 as interest at 5 % p.a of simple interest?
1410 160c097fa046ad7381c626c70
60c097fa046ad7381c626c70- 13 yearsfalse
- 24 yearstrue
- 32.5 yearsfalse
- 43.5 yearsfalse
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