Compound Interest Practice Question and Answer
8 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?
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5f2cfad5be9f31290fb86158- 1Rs.1000false
- 2Rs.11217.92true
- 3Rs.11717.20false
- 4Rs.13217.92false
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Answer : 2. "Rs.11217.92"
Q: A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?
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605af466c5c99d2cb7f43d52- 115 yearsfalse
- 220 yearstrue
- 324 yearsfalse
- 440 yearsfalse
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Answer : 2. "20 years"
Q: A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?
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60fe348f3c8ced168c73d0f8- 11500false
- 21000true
- 33000false
- 42000false
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Answer : 2. "1000"
Q: Find the compound interest on a sum of Rs. 46875 for 2 years at 12% p.a, if interest is compounded 8 months?
1226 0602e40f06d461f66398818f5
602e40f06d461f66398818f5- 114174false
- 210174false
- 312174true
- 413174false
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Answer : 3. "12174 "
Q: If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both cases be 10 %
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5e86d1919d2a5e5416ce116b- 15500false
- 27200false
- 36500false
- 46000true
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Answer : 4. "6000"
Q: A sum of money was lent at 10% per annum, compounded annually, for 2 years. If the interest was compounded half - yearly, he would have received Rs.660.75 more. Find the sum.
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60b6e136cef13e72bbf8eb27- 1120000false
- 2124000false
- 3104400true
- 4150000false
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Answer : 3. "104400 "
Q: A sum of Rs.13,000 is to be paid back in 2 equal annual instalments. How much is each instalment if the interest is compounded annually at 8 % per annum?
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5fc475cda5adbb0808cff29c- 1Rs.7280false
- 2Rs.7290true
- 3Rs.7270false
- 4Rs.7920false
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Answer : 2. "Rs.7290"
Q: At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?
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5f169dde9a713b0717ccf625- 111%false
- 213%false
- 39%false
- 410%true
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