Compound Interest Practice Question and Answer

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:

374 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:

Compute the compound interest on ₹ 8,400 for one and half years at 12% rate of interest per annum, compounded half yearly.

265 0

  • 1
    ₹ 3,276.40
    Correct
    Wrong
  • 2
    ₹ 2,948.60
    Correct
    Wrong
  • 3
    ₹ 3401.30
    Correct
    Wrong
  • 4
    ₹ 1,604.50
    Correct
    Wrong
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Answer : 4. "₹ 1,604.50"

Q:

A sum of ₹14,375, when invested at r% interest per year compounded annually, amounts to ₹16,767 after two years. What is the value of r?

396 0

  • 1
    9
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    7
    Correct
    Wrong
  • 4
    6
    Correct
    Wrong
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Answer : 2. "8"

Q:

A certain sum amounts to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is: 

355 0

  • 1
    Rs. 5,000
    Correct
    Wrong
  • 2
    Rs. 5,200
    Correct
    Wrong
  • 3
    Rs. 5,280
    Correct
    Wrong
  • 4
    Rs.5,400
    Correct
    Wrong
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Answer : 1. "Rs. 5,000"

Q:

A certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7,803 at the end of one year. The sum is: 

249 0

  • 1
    Rs. 7,000
    Correct
    Wrong
  • 2
    Rs. 7,200
    Correct
    Wrong
  • 3
    Rs. 7,500
    Correct
    Wrong
  • 4
    Rs. 7,700
    Correct
    Wrong
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Answer : 3. "Rs. 7,500"

Q:

A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is: 

287 0

  • 1
    Rs. 9000
    Correct
    Wrong
  • 2
    Rs. 8400
    Correct
    Wrong
  • 3
    Rs. 7500
    Correct
    Wrong
  • 4
    Rs. 8000
    Correct
    Wrong
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Answer : 4. "Rs. 8000"

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:

316 0

  • 1
    Rs. 6,000
    Correct
    Wrong
  • 2
    Rs. 5,500
    Correct
    Wrong
  • 3
    Rs. 5,000
    Correct
    Wrong
  • 4
    Rs. 4,500
    Correct
    Wrong
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Answer : 3. "Rs. 5,000 "

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:

332 0

  • 1
    Rs. 40000
    Correct
    Wrong
  • 2
    Rs. 46824
    Correct
    Wrong
  • 3
    Rs. 46000
    Correct
    Wrong
  • 4
    Rs. 50000
    Correct
    Wrong
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Answer : 2. "Rs. 46824 "

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