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?
1124 064f843d36e0e55b91d9be7c3
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: What is the total compound interest on Rs.45000 for 3 years when the sum is divided into a ratio of 4 : 5 and rate of interest on a small sum is 10% and 20% on the large sum? (Compounded annually)
859 064f1e8ff18913c5bfc72e930
64f1e8ff18913c5bfc72e930- 1Rs. 20010false
- 2Rs. 24820true
- 3Rs. 25630false
- 4Rs. 26400false
- 5None of thesefalse
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Answer : 2. "Rs. 24820"
Q: The difference between the compound interest (compounded annually) and simple interest on a sum of money deposited for 2 years at 5% per annum is Rs. 15. What is the sum of money deposited?
968 064dcbe5a462ecdc3adb4aa4c
64dcbe5a462ecdc3adb4aa4c- 1Rs. 6,000true
- 2Rs. 4,800false
- 3Rs. 3,600false
- 4Rs. 2,400false
- 5Rs. 3,400false
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Answer : 1. "Rs. 6,000"
Q: A man invested a certain sum in scheme A at 15% p.a. for 2 years and earned Rs 1950 as simple interest. He increased his sum by Rs. ‘x’ and invested in another scheme B at 10% p.a. C.I. for 2 years and received Rs. 1680 as compound interest. Find the value of ‘x’.
1018 064d4bb50d02c5c746bdc5bfb
64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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Answer : 2. " Rs. 1500"
Q: Rahul invested equal sums of money at compound interest under two schemes A and B. Under scheme A, the interest rate was 10% per annum and under scheme B, the interest rate was 12% p.a. The compound interest after two years on the sum invested in scheme A was ₹1,050. How much is the interest earned under scheme B after two years, if the interest is compounded annually in both schemes?
969 064ccdbcca665bacf81bbd361
64ccdbcca665bacf81bbd361- 1₹1,722false
- 2₹1,270false
- 3₹1,272true
- 4₹1,372false
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Answer : 3. "₹1,272"
Q: A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is ₹5,808, then the total interest charged in this scheme is:
881 064c8d80a3fde307e3f4f4043
64c8d80a3fde307e3f4f4043- 1₹1,563false
- 2₹1,536true
- 3₹1,632false
- 4₹1,602false
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Answer : 2. "₹1,536"
Q: The rate of interest for the first 2 years is 6% p.a., for the next 3 years is 10% p.a., and for the period beyond 5 years is 12% p.a. If a person gets ₹12,771 as simple interest after 7 years, then how much money did he invest?
818 064c76787a919c8488e1e2e8d
64c76787a919c8488e1e2e8d- 1₹20,000false
- 2₹19,350true
- 3₹19,450false
- 4₹19,300false
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Answer : 2. "₹19,350"
Q: A certain sum is lent at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the simple interest obtained is ₹27,600, then the sum is (in ₹):
901 064bfb7ec2d3130f57553f325
64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true
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