Compound Interest Practice Question and Answer
8 Q: In how many years will Rs 2000 become Rs 2420 at 10 percent compound annual interest?
1046 0602df94f6ea6434ffa7b289b
602df94f6ea6434ffa7b289b- 13false
- 2$$ {2{1\over 2}}$$false
- 32true
- 4$$ {1{1\over 2}}$$false
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Answer : 3. "2"
Q: Mr. Rajesh invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -
1069 06024f26bcce66f776c86d40d
6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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Answer : 1. "Rs.15000 "
Q: A lent some money from B and paid 1,573 after$$ {1{1\over 2}}$$ yr . Also B lent some money from A and paid 1444.50 after 6 months. If they want to settle the account forthwith, keeping 14 % as the rate of interest, then who should pay whom and how much?
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600e8f12178b94051cdf9f27- 1A to B Rs. 28.50false
- 2B to A Rs. 3750false
- 3A to B Rs.50false
- 4B to A Rs.50true
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Answer : 4. "B to A Rs.50 "
Q: What will be the compound interest (nearest to Rs. 1 on a sum of Rs. 25,000 for 2 years at 12% p.a., if the interest is compounded 8-monthly?
1124 06007eca4d6101033e1724f9f
6007eca4d6101033e1724f9f- 1Rs. 6.349false
- 2Rs. 6,493true
- 3Rs. 6,394false
- 4Rs. 6,439false
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Answer : 2. "Rs. 6,493"
Q: A person invested 1100 in a company at compound interest compounded semi-annually. He received 1331 after one year. The rate of interest per annum is
1152 060068c0e7a0c6e1017e01071
60068c0e7a0c6e1017e01071- 111%false
- 220%true
- 35%false
- 410%false
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Answer : 2. "20%"
Q: The difference between the compound interest and simple interest on a certain sum at the rate of 5% p.a in 3 years is Rs. 15.25. The sum is:
1021 05feda0b30af48a69de4d3600
5feda0b30af48a69de4d3600- 1Rs. 2000true
- 2Rs. 1000false
- 3Rs. 2500false
- 4Rs. 1500false
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Answer : 1. "Rs. 2000"
Q: A sum on compound interest amounts to Rs. 2410 in 3 years and Rs. 2651 in 4 years. Find the sum.
2434 05fd878206c22b74b3a9ef28e
5fd878206c22b74b3a9ef28e- 1Rs. 1216false
- 2Rs. 1500false
- 3Rs. 1900false
- 4Rs. 1600false
- 5None of thesetrue
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Answer : 5. "None of these"
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.
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5fd35c8beddcb86a7ee476f9- 1Rs.1220false
- 2Rs.1000false
- 3Rs. 1520true
- 4Rs. 930false
- 5Rs.1140false
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