Compound Interest Practice Question and Answer
8 Q: Rachit invests ₹12,000 for a 2-year period at a certain rate of simple interest per annum. Prasad invests ₹12,000 for a 2- year period at the same rate of interest per annum as Rachit, but in Prasad's case the interest is compounded annually. Find the rate of interest per annum if Prasad receives ₹172.80 more as interest than Rachit at the end of the 2-year period.
994 06426e1f67ac9a186e4dea0f5
6426e1f67ac9a186e4dea0f5- 110%false
- 28%false
- 312%true
- 45%false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "12%"
Q: ₹12,000 is lent for one year t the rate of 15% per annum, the interest being compounded annually. If the compounding of the interest is done half- yearly, then how much more interest will be obtained at the end of the one-year period on the same initial sum?
941 06426db149d18d2e8ae1df1f9
6426db149d18d2e8ae1df1f9- 1₹72.5false
- 2₹82.8false
- 3₹60.5false
- 4₹67.5true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "₹67.5"
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
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "₹5,040"
Q: There is 40 % increase in an amount in 8 years at simple interest. What will be the compound interest (in rupees) of Rs 30000 after 2 years at the same rate?
2603 05dd63c02db51363c023955b6
5dd63c02db51363c023955b6- 16150false
- 27687.5false
- 34612.5false
- 43075true
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 4. "3075 "
Q: Sanjana invested Rs. 15000 in SI at the rate of 2x% per annum for two years and the same amount is invested in CI at the same rate of interest if she received Rs.150 more interest than S.I, then find the rate of interest per annum?
1108 063d0d6155392140e28ef3ec2
63d0d6155392140e28ef3ec2- 110 %true
- 214 %false
- 312 %false
- 4None of thesefalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 1. "10 %"
Q: A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained from interest is –
3569 05d91f611ba60a61545bf9bba
5d91f611ba60a61545bf9bba- 1Rs 9727false
- 2Rs 2432false
- 3Rs 4864true
- 4Rs 1216false
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "Rs 4864"
Q: In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
1308 05f15435ecf79540a75334ff6
5f15435ecf79540a75334ff6- 13 yearsfalse
- 25 yearsfalse
- 32 yearstrue
- 44 yearsfalse
- Show AnswerHide Answer
- Workspace
- SingleChoice
Answer : 3. "2 years"
Q: On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
1428 05d7f23197f06bc6981e060d7
5d7f23197f06bc6981e060d7- 1Rs 1500false
- 2Rs. 1200false
- 3Rs. 1100false
- 4Rs. 1000true
- Show AnswerHide Answer
- Workspace
- SingleChoice

