Compound Interest Practice Question and Answer

Q:

If the compound interest rate is 20% per annum compounded half yearly, then what will be the interest for two years on the principal of Rs. 100000?

1376 0

  • 1
    46,410
    Correct
    Wrong
  • 2
    44,000
    Correct
    Wrong
  • 3
    21,000
    Correct
    Wrong
  • 4
    33,100
    Correct
    Wrong
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Answer : 1. "46,410"

Q:

A certain sum increases by 50 % in 5 years. Three sums x, y and z are lent for 10, 15 and 20 years respectively. If amount on each sum is equal, then find the ratio of x, y and z. 

1371 0

  • 1
    6 : 5 : 4
    Correct
    Wrong
  • 2
    9 : 4 : 6
    Correct
    Wrong
  • 3
    9 : 6 : 5
    Correct
    Wrong
  • 4
    9 : 6 : 4
    Correct
    Wrong
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Answer : 4. "9 : 6 : 4 "

Q:

What is a difference between simple interest and compound interest in 1 year at a rate of 10 percent on an amount of Rs. 1200. If interest is half yearly compounded?

1370 0

  • 1
    5 Rupees
    Correct
    Wrong
  • 2
    6 Rupees
    Correct
    Wrong
  • 3
    3 Rupees
    Correct
    Wrong
  • 4
    9 Rupees
    Correct
    Wrong
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Answer : 3. "3 Rupees"

Q:

The compound interest on Rs. 6250 at 12% per annum for 1 year, compounded half-yearly is

1352 0

  • 1
    772.50
    Correct
    Wrong
  • 2
    772
    Correct
    Wrong
  • 3
    672.50
    Correct
    Wrong
  • 4
    672
    Correct
    Wrong
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Answer : 1. "772.50"

Q:

A man borrows some money at 3% simple interest per annum and lends it to somebody at 5% interest to be compounded annually. By this he makes a profit of Rs.541 at the end of 3 years. The money he borrowed was-

1344 0

  • 1
    Rs. 15800
    Correct
    Wrong
  • 2
    Rs. 18400
    Correct
    Wrong
  • 3
    Rs. 8000
    Correct
    Wrong
  • 4
    Rs. 12000
    Correct
    Wrong
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Answer : 3. "Rs. 8000 "

Q:

The compound interest on 12000 for 9 months at 20 % per annum , interest being compounded quarterly is 

1338 0

  • 1
    ₹ 2136
    Correct
    Wrong
  • 2
    ₹ 1750
    Correct
    Wrong
  • 3
    ₹ 1891.50
    Correct
    Wrong
  • 4
    ₹ 2089.70
    Correct
    Wrong
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Answer : 3. "₹ 1891.50 "

Q:

What will be the compound interest on a sum of Rs 7500 at 4 % in 2 years?

1336 0

  • 1
    618
    Correct
    Wrong
  • 2
    612
    Correct
    Wrong
  • 3
    624
    Correct
    Wrong
  • 4
    606
    Correct
    Wrong
  • 5
    621
    Correct
    Wrong
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Answer : 2. "612"

Q:

Mr. Sathya invested money in FD. How much will he get on maturity, if Rs. 14,500 is invested at 20 % per annum compound interest for 6 months, compounded quarterly

1322 0

  • 1
    Rs.15, 986
    Correct
    Wrong
  • 2
    Rs.15, 986.5
    Correct
    Wrong
  • 3
    Rs.15, 986.25
    Correct
    Wrong
  • 4
    Rs.15,986.35
    Correct
    Wrong
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Answer : 3. "Rs.15, 986.25"

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