Compound Interest Practice Question and Answer

Q:

The compound interest on a sum of ₹5,500 at 15% p.a. for 2 years, when the interest is  compounded 8 monthly, is:

231 0

  • 1
    ₹1,850
    Correct
    Wrong
  • 2
    ₹1,880
    Correct
    Wrong
  • 3
    ₹1,820.50
    Correct
    Wrong
  • 4
    ₹1,773.75
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "₹1,820.50"

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:

426 0

  • 1
    ₹1,144
    Correct
    Wrong
  • 2
    ₹1,096
    Correct
    Wrong
  • 3
    ₹1,126
    Correct
    Wrong
  • 4
    ₹1,134
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹1,134"

  • Show AnswerHide Answer
  • Workspace

Answer : 3. "1225"

Q:

What is the difference (in ₹) between the simple interest and the compound interest on a sum of ₹8000 for $$32{2\over 5}$$ years at the rate of 10% p.a., when the interest is compounded yearly?

246 0

  • 1
    147.20
    Correct
    Wrong
  • 2
    152.80
    Correct
    Wrong
  • 3
    155
    Correct
    Wrong
  • 4
    150
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 1. "147.20 "

Q:

Find the amount (integral value only) if a sum of ₹6,500 is being borrowed at 10% interest per annum for 2 years if interest is compounded half-yearly.

881 0

  • 1
    ₹.8,150
    Correct
    Wrong
  • 2
    ₹.7,900
    Correct
    Wrong
  • 3
    ₹.7,650
    Correct
    Wrong
  • 4
    ₹. 8,250
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "₹.7,900"

Q:

If interest be compounded half-yearly, then find the compound interest on ₹8,000 at the rate of 20% per annum for 1 year. 

224 0

  • 1
    ₹1,675
    Correct
    Wrong
  • 2
    ₹1,690
    Correct
    Wrong
  • 3
    ₹1,685
    Correct
    Wrong
  • 4
    ₹1,680
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 4. "₹1,680"

  • Show AnswerHide Answer
  • Workspace

Answer : 3. "Rs.39,490 "

Q:

A sum invested at compound inrerest amounts to ₹7,800 in 3 years and ₹11,232 in 5 years. What is the rate per cent? 

287 0

  • 1
    26
    Correct
    Wrong
  • 2
    20
    Correct
    Wrong
  • 3
    15
    Correct
    Wrong
  • 4
    18
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "20 "

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully