Compound Interest Practice Question and Answer

Q:

A person invested Rs 3000 on compound interest for two years. If the rate of interest is the 25 % for the first year and 20 % for the second year. Then find the CI?

1190 0

  • 1
    1550
    Correct
    Wrong
  • 2
    1650
    Correct
    Wrong
  • 3
    1600
    Correct
    Wrong
  • 4
    1500
    Correct
    Wrong
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Answer : 4. "1500"

Q:

The difference between simple interest and compound interest on a certain sum at $$ 12{1\over2}$$ % for 3 years is Rs 125. Find the sum.

1179 0

  • 1
    Rs. 2520
    Correct
    Wrong
  • 2
    Rs. 2560
    Correct
    Wrong
  • 3
    Rs.2640
    Correct
    Wrong
  • 4
    Rs. 2700
    Correct
    Wrong
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Answer : 2. "Rs. 2560"

Q:

A sum of money becomes eight times in 3 years, if the rate is compounded annually. In how much time will the amount at the same compound rate become sixteen times? 

1168 0

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

Q:

If the difference between the compound interest and simple interest on a certain sum at 5% per annum for 3 years is Rs.11.40, what is the approximate sum? 

1165 0

  • 1
    Rs.1475
    Correct
    Wrong
  • 2
    Rs.1585
    Correct
    Wrong
  • 3
    Rs.1485
    Correct
    Wrong
  • 4
    Rs.1495
    Correct
    Wrong
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Answer : 4. "Rs.1495"

Q:

The difference between the simple interest and the compound interest (compounded annually) at the rate of 12% per annum on Rs.5000 for 2 years will be 

1163 0

  • 1
    Rs.17.50
    Correct
    Wrong
  • 2
    Rs.36
    Correct
    Wrong
  • 3
    Rs.45
    Correct
    Wrong
  • 4
    Rs.72
    Correct
    Wrong
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Answer : 4. "Rs.72 "

Q:

The amount on ₹ 25000 in 2 years at annually compound interest. if the rate for the successive years be 4 % and 5 % per annum respectively is 

1159 0

  • 1
    ₹ 28500
    Correct
    Wrong
  • 2
    ₹ 30000
    Correct
    Wrong
  • 3
    ₹ 26800
    Correct
    Wrong
  • 4
    ₹ 27300
    Correct
    Wrong
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Answer : 4. "₹ 27300 "

Q:

Mr. Mike borrowed Rs. 8500 at 4 % per annum compound interest. The compound interest compounded annually for 2 yeas is:

1150 0

  • 1
    Rs. 9136.6
    Correct
    Wrong
  • 2
    Rs. 639.6
    Correct
    Wrong
  • 3
    Rs. 693.6
    Correct
    Wrong
  • 4
    Rs. 9139.6
    Correct
    Wrong
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Answer : 3. "Rs. 693.6"

Q:

A person invested 1100 in a company at compound interest compounded semi-annually. He received 1331 after one year. The rate of interest per annum is 

1148 0

  • 1
    11%
    Correct
    Wrong
  • 2
    20%
    Correct
    Wrong
  • 3
    5%
    Correct
    Wrong
  • 4
    10%
    Correct
    Wrong
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Answer : 2. "20%"

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