Compound Interest Practice Question and Answer
8 Q: A man buys a scooter on making a cash down payment of Rs. 16224 and promises to pay two more yearly installments of equivalent amount in next two years. If the rate of interest is 4% per annum, compounded. yearly, the cash value of the 50 scooter, is:
856 0643e750e2d621da1169a25d3
643e750e2d621da1169a25d3- 1Rs. 40000false
- 2Rs. 46824true
- 3Rs. 46000false
- 4Rs. 50000false
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Answer : 2. "Rs. 46824 "
Q: A borrows an amount of ₹3,600 from B at a rate of 20% simple interest for 2 years and lends 75% of this amount to C at 20% compound interest for 2 years. A uses the remaining amount for his personal purpose. Find the total loss incurred by A.
851 06430109b32185cce37265188
6430109b32185cce37265188- 1₹ 928false
- 2₹ 852false
- 3₹ 1152true
- 4₹1024false
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Answer : 3. "₹ 1152"
Q: A money-lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way; he ghins Rs. 104.50 a year. The amount of money he borrows, is:
848 0643e75be72ca731a993c75bb
643e75be72ca731a993c75bb- 1Rs. 6,000false
- 2Rs. 5,500false
- 3Rs. 5,000true
- 4Rs. 4,500false
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Answer : 3. "Rs. 5,000 "
Q: If the present worth of a certain sum due 2 years hence at 10% per annum at a compound interest principal is Rs. 2500, find the amount.
835 062fb66b78921e519c1350a0f
62fb66b78921e519c1350a0f- 1Rs. 2400true
- 2Rs. 3025false
- 3Rs. 2420false
- 4Rs. 4220false
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Answer : 1. "Rs. 2400 "
Q: The rate of interest for the first 2 years is 6% p.a., for the next 3 years is 10% p.a., and for the period beyond 5 years is 12% p.a. If a person gets ₹12,771 as simple interest after 7 years, then how much money did he invest?
818 064c76787a919c8488e1e2e8d
64c76787a919c8488e1e2e8d- 1₹20,000false
- 2₹19,350true
- 3₹19,450false
- 4₹19,300false
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Answer : 2. "₹19,350"
Q: The compound interest on a sum of ₹5,500 at 15% p.a. for 2 years, when the interest is compounded 8 monthly, is:
795 064ba503e2d3130f57542e6ec
64ba503e2d3130f57542e6ec- 1₹1,850false
- 2₹1,880false
- 3₹1,820.50true
- 4₹1,773.75false
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Answer : 3. "₹1,820.50"
Q: The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is
791 062fb5f738921e519c134fd86
62fb5f738921e519c134fd86- 1Rs. 1331false
- 2Rs. 331true
- 3Rs. 300false
- 4Rs. 1300false
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Answer : 2. "Rs. 331"
Q: Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.
783 064660871c899b466f455f929
64660871c899b466f455f929- 1₹ 3,276.40false
- 2₹ 2,948.60false
- 3₹ 3401.30false
- 4₹ 1,604.50true
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