Compound Interest Practice Question and Answer
8 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
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "₹1,272"
Q: On a certain sum of money, the simple interest for 2 years is ₹150 at the rate of 10% per annum. What is the difference between the compound interest and the simple interest for 2 years if, in the case of compound interest, interest is compounded annually at the rate of 10% per annum.
968 06433dac01ce944a93e967b28
6433dac01ce944a93e967b28- 1₹ 5false
- 2₹ 10false
- 3₹ 7.5true
- 4₹ 12.5false
- Show AnswerHide Answer
- Workspace
- SingleChoice
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 064dcbe5a462ecdc3adb4aa4c
64dcbe5a462ecdc3adb4aa4c- 1Rs. 6,000true
- 2Rs. 4,800false
- 3Rs. 3,600false
- 4Rs. 2,400false
- 5Rs. 3,400false
- Show AnswerHide Answer
- Workspace
- SingleChoice
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 05f75a67ef66ef56de84ea9d7
5f75a67ef66ef56de84ea9d7- 110true
- 211false
- 320false
- 4100false
- Show AnswerHide Answer
- Workspace
- SingleChoice
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 0646dd573cdae930acb948d75
646dd573cdae930acb948d75- 16false
- 210true
- 312false
- 47false
- Show AnswerHide Answer
- Workspace
- SingleChoice
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 0643e72c832185cce37427733
643e72c832185cce37427733- 120%true
- 232%false
- 350%false
- 480%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
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 06426db149d18d2e8ae1df1f9
6426db149d18d2e8ae1df1f9- 1₹72.5false
- 2₹82.8false
- 3₹60.5false
- 4₹67.5true
- Show AnswerHide Answer
- Workspace
- SingleChoice
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 0632297804eed097ecb55fefa
632297804eed097ecb55fefa- 134846false
- 234481true
- 319448false
- 437946false
- Show AnswerHide Answer
- Workspace
- SingleChoice

