Compound Interest Practice Question and Answer
8 Q: The difference between compound interest and simple interest on a sum of money for 3 years at 8% per annum is Rs. 354.80. Find the sum.
1031 0604730e5f4cbdc234859eb41
604730e5f4cbdc234859eb41- 1Rs. 15000false
- 2Rs. 18000true
- 3Rs. 32000false
- 4Rs. 27000false
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Answer : 2. "Rs. 18000"
Q: If the compound interest rate is 20% per year, compounded half-yearly, then what will be the interest of two years on the principal of 1,00,000?
1029 05fa91795ece37f51362df56e
5fa91795ece37f51362df56e- 146,410true
- 244,000false
- 321,000false
- 433,100false
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Answer : 1. "46,410"
Q: A sum of money becomes double in 3 years at compound interest compounded annually at the same rate. In how many years will it become four times of itself?
1027 05f169c9b97cc6b353bf3a330
5f169c9b97cc6b353bf3a330- 16.4 yearsfalse
- 27.5 yearsfalse
- 34 yearsfalse
- 46 yearstrue
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Answer : 4. "6 years "
Q: 1261 in 3 years at the rate of 5 percent annual interest on a sum of money. Interest is received by compound . money will be
1026 0603740a69d90e74af72ae9da
603740a69d90e74af72ae9da- 19000false
- 28400false
- 37500false
- 48000true
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Answer : 4. "8000"
Q: What will be the compound interest (compounded annually) of 3 years at the rate of 12.5 percent on an amount of Rs. 5120?
1026 05f1e701426299776aa409bfe
5f1e701426299776aa409bfe- 12280 Rupeesfalse
- 21960 Rupeesfalse
- 32170 Rupeestrue
- 42120 Rupeesfalse
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Answer : 3. "2170 Rupees "
Q: The difference between the compound interest and simple interest on a certain sum at the rate of 5% p.a in 3 years is Rs. 15.25. The sum is:
1023 05feda0b30af48a69de4d3600
5feda0b30af48a69de4d3600- 1Rs. 2000true
- 2Rs. 1000false
- 3Rs. 2500false
- 4Rs. 1500false
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Answer : 1. "Rs. 2000"
Q: The difference between the compound and the simple interest on a sum for 2 years at 10 % per annum , when the interest is compounded annually, is Rs.28. If the yearly interest were compounded half yearly, the difference in the two interests will be
1022 05f16a1399a713b0717cd0183
5f16a1399a713b0717cd0183- 1Rs. 43.41true
- 2Rs. 43.29false
- 3Rs. 44false
- 4Rs. 28.35false
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Answer : 1. "Rs. 43.41 "
Q: If the difference between 2 years compound interest and simple interest at the rate of 5 percent of an amount is Rs. 25, then that amount will be?
1020 05f97fbd5ed7fc21d78dce39c
5f97fbd5ed7fc21d78dce39c- 1Rs. 15,000false
- 2Rs. 10,000true
- 3Rs. 20,000false
- 4Rs. 12,000false
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