Compound Interest Practice Question and Answer
8 Q: If the compound interest on a certain sum for 2 years at 4% p.a. is Rs. 102, the simple interest at the same rate of interest for two years would be:
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6058652c19447609ff02ecc1- 1Rs. 200false
- 2Rs. 50false
- 3Rs. 150false
- 4Rs. 100true
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Answer : 4. "Rs. 100"
Q: Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a payable annually.
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607d39b5a4edf93f6177ca21- 145false
- 232true
- 357false
- 484false
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Answer : 2. "32"
Q: A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is
1076 05f16a99f97cc6b353bf3deee
5f16a99f97cc6b353bf3deee- 120 %false
- 210 %false
- 3100 %true
- 480 %false
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Answer : 3. "100 % "
Q: If the interest is compounded half yearly, then interest on Rs.16000 at 5% per annum, at the end of $$ {{1}{1\over 2}}$$ years is.
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60b7158ecef13e72bbf96e1f- 1$$ {1230}{1\over 4}$$true
- 2$$ {1210}{1\over 4}$$false
- 3$$ {1215}{1\over 4}$$false
- 4$$ {1225}{1\over 4}$$false
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Answer : 1. "$$ {1230}{1\over 4}$$"
Q: What will be the compound interest of 3 years at the rate of 5 % of 1000 rupees?
1072 05f97fb71d8201a50c268c31d
5f97fb71d8201a50c268c31d- 1Rs. 157.650false
- 2Rs. 157.625true
- 3Rs. 155.625false
- 4Rs. 160.625false
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Answer : 2. "Rs. 157.625 "
Q: Mr. Rajesh invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -
1068 06024f26bcce66f776c86d40d
6024f26bcce66f776c86d40d- 1Rs.15000true
- 2Rs.16500false
- 3Rs.12000false
- 4Rs.13500false
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Answer : 1. "Rs.15000 "
Q: The compound interest on a certain sum of money for 2 years at 5% per annum is Rs. 410. The simple interest on the same sum at the same rate and for the same time is-
1060 0609a66824587a93a1dc85718
609a66824587a93a1dc85718- 1Rs. 350false
- 2Rs. 405false
- 3Rs. 400true
- 4Rs. 300false
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Answer : 3. "Rs. 400"
Q: ₹26100 is divided between Mohan and Shyam so that the interest that Mohan receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4% per annum then Mohan's share is :
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6343e7991bfb042f96b00045- 1₹8,500false
- 2₹17,400false
- 3₹8,700false
- 4₹19,000true
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