Compound Interest Practice Question and Answer

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 0

  • 1
    63%
    Correct
    Wrong
  • 2
    33%
    Correct
    Wrong
  • 3
    25%
    Correct
    Wrong
  • 4
    50%
    Correct
    Wrong
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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?

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  • 1
    Rs. 4355
    Correct
    Wrong
  • 2
    Rs. 4305
    Correct
    Wrong
  • 3
    Rs. 430
    Correct
    Wrong
  • 4
    Rs. 4350
    Correct
    Wrong
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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 0

  • 1
    Correct
    Wrong
  • 2
    3
    Correct
    Wrong
  • 3
    2
    Correct
    Wrong
  • 4
    4
    Correct
    Wrong
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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 0

  • 1
    3 years
    Correct
    Wrong
  • 2
    5 years
    Correct
    Wrong
  • 3
    2 years
    Correct
    Wrong
  • 4
    4 years
    Correct
    Wrong
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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 0

  • 1
    Rs.1,50,000
    Correct
    Wrong
  • 2
    Rs.1,92,000
    Correct
    Wrong
  • 3
    Rs.1,44,000
    Correct
    Wrong
  • 4
    Rs.1,20,000
    Correct
    Wrong
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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 0

  • 1
    Rs. 8750
    Correct
    Wrong
  • 2
    Rs. 5780
    Correct
    Wrong
  • 3
    Rs. 1080
    Correct
    Wrong
  • 4
    Rs. 7805
    Correct
    Wrong
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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 0

  • 1
    $$ {1}{1\over3}year$$
    Correct
    Wrong
  • 2
    $$ {1}{1\over2}year$$
    Correct
    Wrong
  • 3
    $$ {2}{1\over3}year$$
    Correct
    Wrong
  • 4
    $$ {2}{1\over2}year$$
    Correct
    Wrong
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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 

1261 0

  • 1
    15000
    Correct
    Wrong
  • 2
    32250
    Correct
    Wrong
  • 3
    10000
    Correct
    Wrong
  • 4
    20000
    Correct
    Wrong
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Answer : 3. "10000 "

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