Compound Interest Practice Question and Answer
8 Q: The simple interest on Rs. 12000 at a certain rate of interest in five years is Rs. 7200. Find the compound interest on the same amount for five years at the same rate of interest.
4086 05f4f648482369c1d61196109
5f4f648482369c1d61196109- 1Rs. 3502.80false
- 2Rs. 3052.40false
- 3Rs. 3054.80false
- 4Rs. 3052.80true
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Answer : 4. "Rs. 3052.80"
Q: A sum of money placed at compound interest triples itself in 9 year. In how many years will if amount to 243 times itself?
1583 05f4e171f7e85226ee746d291
5f4e171f7e85226ee746d291- 127 yearsfalse
- 236 yearsfalse
- 345 yearstrue
- 454 yearsfalse
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Answer : 3. "45 years"
Q: The compound interest on Rs.30,000 at 7% per annum is Rs. 4347. The period (in years) is:
1307 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: 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?
1365 05f3f999e9b782961da393fd1
5f3f999e9b782961da393fd1- 15 Rupeesfalse
- 26 Rupeesfalse
- 33 Rupeestrue
- 49 Rupeesfalse
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Answer : 3. "3 Rupees"
Q: A bank offers a 20% compound interest per half year . A customer deposits Rs. 2800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is______
2402 05f328262a19eae5979ff57c2
5f328262a19eae5979ff57c2- 1Rs.1792true
- 2Rs.448false
- 3Rs.3584false
- 4Rs.896false
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Answer : 1. "Rs.1792 "
Q: If a sum of money becomes 8 times in 9 years at compound interest annually, in how much time it will become 32 times?
1661 05f2cfbecb57ade01caff3d74
5f2cfbecb57ade01caff3d74- 115 yearfalse
- 220 yearfalse
- 325 yearfalse
- 4None of thesetrue
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Answer : 4. "None of these"
Q: There is 80% increase in amount in 5 years at simple interest. What will be the compound interest of Rs. 20,000 after 3 years at the same rate?
1255 05f2cfad5be9f31290fb86158
5f2cfad5be9f31290fb86158- 1Rs.1000false
- 2Rs.11217.92true
- 3Rs.11717.20false
- 4Rs.13217.92false
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Answer : 2. "Rs.11217.92"
Q: Rahul plans to buy a scooter for his sister for which he saves Rs. 15625 at the start of every year for 3 year. If the rate of CI is 4% pa. then amount at which he plans to buy the scooter is (in Rs.)
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5f2bc9ca21de6a117aeb6d7c- 175489false
- 242751false
- 350726true
- 448563false
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