Compound Interest Practice Question and Answer
8 Q: The interest compounded annually on a sum of Rs. 56000 at a rate of 7% p.a. after 3 years is what percentage of the simple interest on a sum of Rs. 72000 at a rate of 9% p.a. after 5 years?
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64f843d36e0e55b91d9be7c3- 132.22%false
- 234.44%false
- 335.55%false
- 437.77%false
- 538.88%true
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Answer : 5. " 38.88%"
Explanation :

Q: Surekha borrowed a sum of money and returned it in two equal annual instalments of ₹5,547 each. If the rate of interest was $$7{1\over 2}\%$$ p.a. compounded yearly, then the total interest paid by her was:
1118 064b90dc8568e7ff594bdd92c
64b90dc8568e7ff594bdd92c- 1₹1,144false
- 2₹1,096false
- 3₹1,126false
- 4₹1,134true
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Answer : 4. "₹1,134"
Q: If the interest is compounded half-yearly, then what will be the compound interest (in Rs) on a sum of Rs 10000 for 1 year at the rate of 10% per annum?
1118 05dccdb82ef0a14548c1d4c0b
5dccdb82ef0a14548c1d4c0b- 11250false
- 2525false
- 31000false
- 41025true
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Answer : 4. "1025"
Q: Umesh earns a simple interest of ₹1,600 on a certain sum in two years at the rate of 4% per annum. How much more interest would he have earned if he had invested the same sum at 4% interest per annum, compounded annually?
1109 0642c09339d18d2e8ae27ac14
642c09339d18d2e8ae27ac14- 1₹48false
- 2₹64false
- 3₹32true
- 4₹20false
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Answer : 3. "₹32 "
Q: Sanjana invested Rs. 15000 in SI at the rate of 2x% per annum for two years and the same amount is invested in CI at the same rate of interest if she received Rs.150 more interest than S.I, then find the rate of interest per annum?
1106 063d0d6155392140e28ef3ec2
63d0d6155392140e28ef3ec2- 110 %true
- 214 %false
- 312 %false
- 4None of thesefalse
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Answer : 1. "10 %"
Q: A borrowed Rs.1500 at 4% per annum and Rs.1400 at 5% per annum for the same period. He paid Rs.390 as total interest. Find the time for which he borrowed the sum.
1100 160b4ae54517f2874d53f4e0e
60b4ae54517f2874d53f4e0e- 13 yearstrue
- 23.5 yearsfalse
- 34.5 yearsfalse
- 44 yearsfalse
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Answer : 1. "3 years"
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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Answer : 3. "50726"
Q: What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
1080 06073fb7863b9781494d83665
6073fb7863b9781494d83665- 1Rs. 69,120false
- 2Rs. 21,120true
- 3Rs. 76,800false
- 4Rs. 72,000false
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