Compound Interest Practice Question and Answer
8 Q: A certain sum is lent at 4% p.a. for 3 years, 8% p.a. for the next 4 years, and 12% p.a. beyond 7 years. If for a period of 11 years, the simple interest obtained is ₹27,600, then the sum is (in ₹):
901 064bfb7ec2d3130f57553f325
64bfb7ec2d3130f57553f325- 125,000false
- 232,000false
- 327,000false
- 430,000true
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Answer : 4. "30,000"
Q: A sum invested at a certain rate of interest per annum, compounded annually, amounts to ₹3,600 in 2 years and to ₹6,480 in 4 years. What is the sum invested?
897 0643d1b8572ca731a99393d9c
643d1b8572ca731a99393d9c- 1₹2500false
- 2₹2000true
- 3₹2400false
- 4₹3600false
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Answer : 2. "₹2000"
Q: A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is:
896 0643e762d6d6383d2628e49e9
643e762d6d6383d2628e49e9- 1Rs. 9000false
- 2Rs. 8400false
- 3Rs. 7500false
- 4Rs. 8000true
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Answer : 4. "Rs. 8000"
Q: A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is:
885 0643e774d32185cce37429a41
643e774d32185cce37429a41- 1Rs. 5,000true
- 2Rs. 5,200false
- 3Rs. 5,280false
- 4Rs.5,400false
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Answer : 1. "Rs. 5,000"
Q: What is the compound interest on ₹24,000 for 2 years at the rate of 10% per annum, if interest is compounded annually?
883 0641311a0b34a0b67fce4d10d
641311a0b34a0b67fce4d10d- 1₹5,280false
- 2₹4,820false
- 3₹6,080false
- 4₹5,040true
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Answer : 4. "₹5,040"
Q: A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment is ₹5,808, then the total interest charged in this scheme is:
881 064c8d80a3fde307e3f4f4043
64c8d80a3fde307e3f4f4043- 1₹1,563false
- 2₹1,536true
- 3₹1,632false
- 4₹1,602false
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Answer : 2. "₹1,536"
Q: The compound interest on a certain sum for first two successive years are Rs. 100 and Rs. 172 respectively. Find the rate of interest.
863 062fb67278921e519c135135a
62fb67278921e519c135135a- 163%false
- 272%false
- 355%false
- 410%true
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Answer : 4. "10%"
Q: What is the total compound interest on Rs.45000 for 3 years when the sum is divided into a ratio of 4 : 5 and rate of interest on a small sum is 10% and 20% on the large sum? (Compounded annually)
859 064f1e8ff18913c5bfc72e930
64f1e8ff18913c5bfc72e930- 1Rs. 20010false
- 2Rs. 24820true
- 3Rs. 25630false
- 4Rs. 26400false
- 5None of thesefalse
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