Compound Interest Practice Question and Answer

Q:

A sum of money invested at compound interest amounts to Rs. 650 at the end of first year and Rs. 676 at the end of second year. The sum of money is 

1768 0

  • 1
    Rs. 625
    Correct
    Wrong
  • 2
    Rs. 560
    Correct
    Wrong
  • 3
    Rs. 600
    Correct
    Wrong
  • 4
    Rs. 540
    Correct
    Wrong
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Answer : 1. "Rs. 625 "

Q: Difference between C.I and S.I is Rs.35 at 5% per annum for 2 years. What is the principal? 1765 1

  • 1
    14,000
    Correct
    Wrong
  • 2
    12,000
    Correct
    Wrong
  • 3
    10,000
    Correct
    Wrong
  • 4
    15,000
    Correct
    Wrong
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Answer : 1. "14,000"

Q:

An amount of money at compound interest grows up to Rs. 3,840 in 4 years and up to Rs. 3,936 in 5 years. Find the rate of interest. 

1743 0

  • 1
    3.5 %
    Correct
    Wrong
  • 2
    2.05 %
    Correct
    Wrong
  • 3
    2.5 %
    Correct
    Wrong
  • 4
    2 %
    Correct
    Wrong
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Answer : 3. "2.5 % "

Q: Sudhanshu invested Rs.15,000 at interest 10 percent at per annum for one year. If the interest is compounded every six months what amount will Sudhanshu get at the end of the year? 1740 0

  • 1
    Rs. 16,537.50
    Correct
    Wrong
  • 2
    Rs.16,500
    Correct
    Wrong
  • 3
    Rs. 16,525.50
    Correct
    Wrong
  • 4
    Rs.18,150
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs. 16,537.50 "

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Answer : 1. "5000 "

Q:

In how much time the money of Rs 6400 will be Rs 6561 at the rate of 5 percent annual interest if the compound interest is payable quarterly?

1706 0

  • 1
    6 Month
    Correct
    Wrong
  • 2
    12 Month
    Correct
    Wrong
  • 3
    24 Month
    Correct
    Wrong
  • 4
    18 Month
    Correct
    Wrong
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Answer : 1. "6 Month"

Q: Rs 1250 becomes Rs 1352 after a certain period at the rate of 4% per annum. Find out the period of investment, if interest add in principal after every year? 1705 0

  • 1
    4 years
    Correct
    Wrong
  • 2
    2 years
    Correct
    Wrong
  • 3
    3 years
    Correct
    Wrong
  • 4
    5 years
    Correct
    Wrong
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Answer : 2. "2 years"
Explanation :

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Q:

Find the amount (integral value only) if a sum of ₹6,500 is being borrowed at 10% interest per annum for 2 years if interest is compounded half-yearly.

1699 0

  • 1
    ₹.8,150
    Correct
    Wrong
  • 2
    ₹.7,900
    Correct
    Wrong
  • 3
    ₹.7,650
    Correct
    Wrong
  • 4
    ₹. 8,250
    Correct
    Wrong
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Answer : 2. "₹.7,900"

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