Compound Interest Practice Question and Answer
8 Q: A certain sum amount to Rs.5832 in 2 year at 8% per annum at compound interest, the sum is
2435 05f0ec2a8f4c8bf4bad01db87
5f0ec2a8f4c8bf4bad01db87- 1Rs. 5,800false
- 2Rs. 5,000true
- 3Rs. 5,280false
- 4Rs. 5,400false
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Answer : 2. "Rs. 5,000"
Q: Mr. Tiwari invested Rs.25000 in two fixed deposits X and Y offering compound interest at 6% per annum and 8% per annum, respectively. If the total amount of interest accrued in two years through both fixed deposits is Rs.3518, then the amount invested in scheme X is -
2421 05ee217c7ef054905196ffa10
5ee217c7ef054905196ffa10- 1Rs.12000false
- 2Rs.13500false
- 3Rs.15000true
- 4Rs.16500false
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Answer : 3. "Rs.15000 "
Q: A bank offers a 20% compound interest per half year . A customer deposits Rs. 2800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is______
2409 05f328262a19eae5979ff57c2
5f328262a19eae5979ff57c2- 1Rs.1792true
- 2Rs.448false
- 3Rs.3584false
- 4Rs.896false
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Answer : 1. "Rs.1792 "
Q: A principal of Rs. 6120 becomes Rs. 8330 in 2 years when compounded annually at some rate of interest. How much will be the amount if the same principal was compounded half-yearly?
2398 05e78bf0e4572817353d4744d
5e78bf0e4572817353d4744d- 1Rs. 8430true
- 2Rs. 8500false
- 3Rs. 8300false
- 4Rs. 8750false
- 5None of thesefalse
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Answer : 1. "Rs. 8430"
Q: What amount of compound interest can be obtained on the principal amount of Rs. 15800 at the rate of 6 percent per annum at the end of 2 years? 2283 05d11edcb557b295f691f651c
5d11edcb557b295f691f651c- 1Rs 1,896false
- 2Rs.2012.48false
- 3Rs. 1952.88true
- 4Rs.1,956false
- 5None of thesefalse
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Answer : 3. "Rs. 1952.88"
Q: Sita deposited Rs . 5,000 at 10 % simple interest for 2 years. How much more money will Sita have in her account at the end of two years. If it is compounded semiannually.
2248 05f16b7aecf79540a75393e43
5f16b7aecf79540a75393e43- 1Rs. 77.50true
- 2Rs. 85.50false
- 3Rs. 50false
- 4Rs. 40false
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Answer : 1. "Rs. 77.50 "
Q: A certain sum amounts to Rs 1308 in 3 years, while it becomes Rs 1380 in 5 years. Find the principal. 2224 15d120c07dea5da6dbe8bf267
5d120c07dea5da6dbe8bf267- 1Rs 1100false
- 2Rs 1200true
- 3Rs 1300false
- 4Rs 1400false
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Answer : 2. "Rs 1200"
Explanation :
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Q: The simple interest accrued on an amount of Rs 15,000 at the end of three year is Rs 2,250. What would be the compound interest accrued on the same amount at the same rate in the same period? 2214 05d11f893557b295f691f656a
5d11f893557b295f691f656a- 1Rs 8934.6784false
- 2Rs 8017.5744false
- 3Rs 7861.8754false
- 4Cannot be determinedfalse
- 5None of thesetrue
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