Compound Interest Practice Question and Answer

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Answer : 3. "₹1,272"

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Answer : 3. "₹ 7.5 "

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 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 4,800
    Correct
    Wrong
  • 3
    Rs. 3,600
    Correct
    Wrong
  • 4
    Rs. 2,400
    Correct
    Wrong
  • 5
    Rs. 3,400
    Correct
    Wrong
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Answer : 1. "Rs. 6,000"

Q:

What will be the difference between the compound interest and simple interest of 2 years at the rate of 5 percent annual interest at Rs. 4,000?

953 0

  • 1
    10
    Correct
    Wrong
  • 2
    11
    Correct
    Wrong
  • 3
    20
    Correct
    Wrong
  • 4
    100
    Correct
    Wrong
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Answer : 1. "10"

Q:

The lengths of the three sides of a right-angled triangle are (x - 1) cm, (x +1) cm and (x + 3) cm, respectively. The hypotenuse of the right-angled triangle (in cm) is:

947 0

  • 1
    6
    Correct
    Wrong
  • 2
    10
    Correct
    Wrong
  • 3
    12
    Correct
    Wrong
  • 4
    7
    Correct
    Wrong
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Answer : 2. "10"

Q:

At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?

943 0

  • 1
    20%
    Correct
    Wrong
  • 2
    32%
    Correct
    Wrong
  • 3
    50%
    Correct
    Wrong
  • 4
    80%
    Correct
    Wrong
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Answer : 1. "20% "

Q:

₹12,000 is lent for one year t the rate of 15% per annum, the interest being compounded annually. If the compounding of the interest is done half- yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum?

941 0

  • 1
    ₹72.5
    Correct
    Wrong
  • 2
    ₹82.8
    Correct
    Wrong
  • 3
    ₹60.5
    Correct
    Wrong
  • 4
    ₹67.5
    Correct
    Wrong
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Answer : 4. "₹67.5"

Q:

What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?

936 0

  • 1
    34846
    Correct
    Wrong
  • 2
    34481
    Correct
    Wrong
  • 3
    19448
    Correct
    Wrong
  • 4
    37946
    Correct
    Wrong
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Answer : 2. "34481"

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