Compound Interest Practice Question and Answer
8 Q: A sum of money doubles itself at compound interest in 15 years. In how many years it will become eight times?
1020 05efeab3e9bfe193cd14b6fc6
5efeab3e9bfe193cd14b6fc6- 130 yearfalse
- 245 yeartrue
- 350 yearfalse
- 460 yearfalse
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Answer : 2. "45 year"
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’.
1015 064d4bb50d02c5c746bdc5bfb
64d4bb50d02c5c746bdc5bfb- 1Rs. 1750false
- 2Rs. 1500true
- 3Rs. 1250false
- 4Rs. 1850false
- 5None of thesefalse
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Answer : 2. " Rs. 1500"
Q: A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is
1003 05f16a5e7cf79540a7538e235
5f16a5e7cf79540a7538e235- 13 %false
- 25 %true
- 36 %false
- 47 %false
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Answer : 2. "5 % "
Q: The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:
995 0643e730b01d99786d0f0b1ee
643e730b01d99786d0f0b1ee- 1Rs. 2980false
- 2Rs. 3091false
- 3Rs. 3109true
- 4Rs. 3100false
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Answer : 3. "Rs. 3109 "
Q: Rachit invests ₹12,000 for a 2-year period at a certain rate of simple interest per annum. Prasad invests ₹12,000 for a 2- year period at the same rate of interest per annum as Rachit, but in Prasad's case the interest is compounded annually. Find the rate of interest per annum if Prasad receives ₹172.80 more as interest than Rachit at the end of the 2-year period.
993 06426e1f67ac9a186e4dea0f5
6426e1f67ac9a186e4dea0f5- 110%false
- 28%false
- 312%true
- 45%false
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Answer : 3. "12%"
Q: If the difference between the compound and simple interest on a certain sum of money for 3 years at 5 % per annum is Rs. 15.25, then the sum is
987 05f16a4ad97cc6b353bf3c109
5f16a4ad97cc6b353bf3c109- 1Rs. 1,500false
- 2Rs. 2,500false
- 3Rs. 2,000true
- 4Rs. 1,000false
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Answer : 3. "Rs. 2,000 "
Q: A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in
979 060632eb38278fd441927b739
60632eb38278fd441927b739- 145 yearstrue
- 248 yearsfalse
- 354 yearsfalse
- 460 yearsfalse
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Answer : 1. "45 years "
Q: A sum of ₹4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is ₹352. The sum lent at 8% is
974 26343e830e76f2264c5dfc78e
6343e830e76f2264c5dfc78e- 1₹2900false
- 2₹2200false
- 3₹2400true
- 4₹3100false
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