Compound Interest Practice Question and Answer
8 Q: If the amount is $$3{3\over 8}$$ times the sum after 3 years at compound interest compounded annually, then the rate of interest per annum is
1314 05f16d33acf79540a7539c7a1
5f16d33acf79540a7539c7a1- 163%false
- 233%false
- 325%false
- 450%true
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Answer : 4. "50% "
Q: A woman invests Rs. 2000 at the start of each year at 5% compound interest per annum. How much will her investment be at the end of the 2nd year?
1310 0606c3514f306525d8e18823b
606c3514f306525d8e18823b- 1Rs. 4355false
- 2Rs. 4305true
- 3Rs. 430false
- 4Rs. 4350false
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Answer : 2. "Rs. 4305"
Q: The compound interest on Rs.30,000 at 7% per annum is Rs. 4347. The period (in years) is:
1309 05ecf41f8a7365b2f4ce2021b
5ecf41f8a7365b2f4ce2021b- 12½false
- 23false
- 32true
- 44false
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Answer : 3. "2"
Explanation :
We know that
$$ {A=P{(1+{r\over 100}})}^{t}$$
Putting the value we can get answer
Q: In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
1302 05f15435ecf79540a75334ff6
5f15435ecf79540a75334ff6- 13 yearsfalse
- 25 yearsfalse
- 32 yearstrue
- 44 yearsfalse
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Answer : 3. "2 years"
Q: A sum of Rs. 12,000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years?
1273 05f1a89e98ae6514e222c47ce
5f1a89e98ae6514e222c47ce- 1Rs.1,50,000true
- 2Rs.1,92,000false
- 3Rs.1,44,000false
- 4Rs.1,20,000false
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Answer : 1. "Rs.1,50,000 "
Q: On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is
1267 05f169bc49a713b0717cce1fe
5f169bc49a713b0717cce1fe- 1Rs. 8750true
- 2Rs. 5780false
- 3Rs. 1080false
- 4Rs. 7805false
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Answer : 1. "Rs. 8750"
Q: In how much time compound money at compound interest of half yearly rate of Rs 800 will be Rs 926.10?
1266 05f8014d188aba328edada09e
5f8014d188aba328edada09e- 1$$ {1}{1\over3}year$$false
- 2$$ {1}{1\over2}year$$true
- 3$$ {2}{1\over3}year$$false
- 4$$ {2}{1\over2}year$$false
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Answer : 2. "$$ {1}{1\over2}year$$"
Q: The sum for 2 years gives a compound interest of ₹ 3225 at 15 % rate. Then sum is
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5f16c441cf79540a753983b7- 115000false
- 232250false
- 310000true
- 420000false
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