Compound Interest Practice Question and Answer
8 Q: Vijay lent Rs.5000. At what rate percent per annum he lent the money?
Statement I: The difference between the simple interest and compound interest on same money is Rs.60.
Statement II: The simple interest obtained after 4 years is Rs.300.
Statement III: The difference between compound interest and simple interest on Rs.60,000 in 2 years is Rs.1350.
1403 05df9c27d9e7c624c9bfed7ec
5df9c27d9e7c624c9bfed7ecStatement I: The difference between the simple interest and compound interest on same money is Rs.60.
Statement II: The simple interest obtained after 4 years is Rs.300.
Statement III: The difference between compound interest and simple interest on Rs.60,000 in 2 years is Rs.1350.
- 1Only I and II together are sufficientfalse
- 2Either II or III are sufficienttrue
- 3Any two of the three are sufficientfalse
- 4All three together are neededfalse
- 5Even all together are not sufficientfalse
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Answer : 2. "Either II or III are sufficient"
Q: The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?
1401 060fe342b81fb4616a6562d1d
60fe342b81fb4616a6562d1d- 112.5%false
- 220%false
- 310%true
- 45%false
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Answer : 3. "10% "
Q: In what time will ₹ 64,000 amount to ₹ 68,921 at 5 % per annum interest being compounded half yearly?
1394 05f16b98d9a713b0717cd4699
5f16b98d9a713b0717cd4699- 1$$3{1\over 2}\ years$$false
- 2$$2{1\over 2}\ years$$false
- 3$$1{1\over 2}\ years$$true
- 4$$1{3\over 2}\ years$$false
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Answer : 3. "$$1{1\over 2}\ years$$"
Q: A certain sum of money at a certain rate doubles itself in 9 years, then in how many years it will become the same sum will be 5 times of itself?
1394 05e96c564b0b9ab17e7026204
5e96c564b0b9ab17e7026204- 125 yearsfalse
- 236 yearstrue
- 327 yearsfalse
- 445 yearsfalse
- 548 yearsfalse
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Answer : 2. "36 years "
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: Two equal amounts are deposited in two different banks at 12% for 3 years and 4.5 years. The difference between simple interest received is Rs. 72. Find the amount deposited in bank. 1383 05d1204a8557b295f691f6589
5d1204a8557b295f691f6589- 1500false
- 2400true
- 3600false
- 4450false
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Answer : 2. "400"
Q: The compound interest earned in two years at 12% per annum Rs 10176. What is the sum (in Rs) invested?
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5f16e72ecf79540a753a3034- 140000true
- 280000false
- 350000false
- 460000false
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Answer : 1. "40000 "
Q: What would be the compound interest accrued on an amount of Rs.7850 at the rate of 14% per annum in two years?
1379 161962c3d1f864f699c35e225
61962c3d1f864f699c35e225- 1Rs.2351.86true
- 2Rs.2880.37false
- 3Rs.2518.22false
- 4Rs.2290.23false
- 5None of thesefalse
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