Compound Interest Practice Question and Answer
8 Q: A sum of money amounts to Rs. 4,840 in 2 years and to Rs. 5,324 in 3 years at compound interest (compounded annually). The rate of interests per annum is
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643e74a6a16c2dfa9cf1f33f- 110%true
- 29%false
- 311%false
- 48%false
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Answer : 1. "10% "
Q: A sum of Rs. 6,000 is deposited for 3 years at 5% per annuam compound interest (compoun- ded annually). The difference of interests for 3 and 2 years will be:
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643e74381ce944a93eaca518- 1Rs. 75.00false
- 2Rs. 30.75false
- 3Rs. 330.75true
- 4Rs. 375.00false
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Answer : 3. "Rs. 330.75 "
Q: The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is:
999 0643e730b01d99786d0f0b1ee
643e730b01d99786d0f0b1ee- 1Rs. 2980false
- 2Rs. 3091false
- 3Rs. 3109true
- 4Rs. 3100false
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Answer : 3. "Rs. 3109 "
Q: At what rate per annum will Rs. 32000 yield a compound interest of Rs. 5044 in 9 months interest being compounded quarterly?
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643e72c832185cce37427733- 120%true
- 232%false
- 350%false
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Answer : 1. "20% "
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?
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643d1b8572ca731a99393d9c- 1₹2500false
- 2₹2000true
- 3₹2400false
- 4₹3600false
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Answer : 2. "₹2000"
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.
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6433dac01ce944a93e967b28- 1₹ 5false
- 2₹ 10false
- 3₹ 7.5true
- 4₹ 12.5false
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Answer : 3. "₹ 7.5 "
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.
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6430109b32185cce37265188- 1₹ 928false
- 2₹ 852false
- 3₹ 1152true
- 4₹1024false
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Answer : 3. "₹ 1152"
Q: Umesh earns a simple interest of ₹1,600 on a certain sum in two years at the rate of 4% per annum. How much more interest would he have earned if he had invested the same sum at 4% interest per annum, compounded annually?
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642c09339d18d2e8ae27ac14- 1₹48false
- 2₹64false
- 3₹32true
- 4₹20false
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