Compound interest is a common topic in banking exams and all most other competitive exams. Here are the given compound interest problems which are important from the perspective of SSC and Banking exams. Also here are the problems on compound interest with solutions in different kind of ways which taking more time to solve.
Here, I am sharing Compound Interest Questions and Answers under the Aptitude and General Math section for those learners who are preparing for upcoming competitive exams.
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Q : If the present worth of a certain sum due 2 years hence at 10% per annum at a compound interest principal is Rs. 2500, find the amount.
(A) Rs. 2400
(B) Rs. 3025
(C) Rs. 2420
(D) Rs. 4220
The compound interest on a certain sum for first two successive years are Rs. 100 and Rs. 172 respectively. Find the rate of interest.
(A) 63%
(B) 72%
(C) 55%
(D) 10%
What will be the compound interest on Rs 10000 for 3 years when the rate of interest is 4% in the first year, 5% in the second year and 6% in the third year?
(A) 1600
(B) 1625.5
(C) 1575.2
(D) 2000
What will be the difference between the compound interest and the simple interest on a sum of 1000 for 2 years at 5% per annum?
(A) 2
(B) 2.5
(C) 3
(D) 3.5
What will be the compound interest of Rs 160000 payable half yearly at 10% per annum in 2 years?
(A) 34846
(B) 34481
(C) 19448
(D) 37946
₹26100 is divided between Mohan and Shyam so that the interest that Mohan receives in 3 years is the same as that Shyam receives in 6 years. If the interest rate of 4% per annum then Mohan's share is :
(A) ₹8,500
(B) ₹17,400
(C) ₹8,700
(D) ₹19,000
A sum of ₹4000 is lent out in two parts, one at 8% simple interest and the other at 10% simple interest. If the annual interest is ₹352. The sum lent at 8% is
(A) ₹2900
(B) ₹2200
(C) ₹2400
(D) ₹3100
On what sum does the difference between the compound interest and the simple interest for 3 years at 10 % is Rs 31?
(A) Rs 1500
(B) Rs. 1200
(C) Rs. 1100
(D) Rs. 1000
In how many years will be Rs. 2,000 amounts to Rs.2,420 at 10% per annum compound interest ?
(A) 3 years
(B) 5 years
(C) 2 years
(D) 4 years
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 –
(A) Rs 9727
(B) Rs 2432
(C) Rs 4864
(D) Rs 1216
A man invested a sum of money in Scheme A, at a rate of 15% per annum for simple interest, at the end of 2 years the amount received by him is invested in scheme B at 20% per annum for compound interest. If the interest received by him from scheme B at the end of 2 years is Rs. 2860, then find the sum invested by man in the beginning?
(A) 5000
(B) 6500
(C) 3250
(D) None of these
The difference between the simple and the compound interest compounded every six months at the rate of 10 %.p.a. at the end of two years is Rs. 124.05. What is the sum?
(A) Rs 10,000
(B) Rs 6,000
(C) Rs 12,000
(D) Rs 8,000
Find the difference between compound interest and simple interest on a sum of Rs.48000 at the rate of 15% per annum for three years.
(A) Rs. 3200
(B) Rs. 3204
(C) Rs. 3402
(D) Rs. 3202
(E) None of these
On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56.If the rate of interest in both the cases is 16 %, then the sum is
(A) Rs. 8750
(B) Rs. 5780
(C) Rs. 1080
(D) Rs. 7805
Two different amounts are invested in two schemes. In scheme A, amount X is invested at 8 % per annum and in scheme B amount (X+1400) is invested at 12% per annum. After 2 years difference between both interests is 880, then find value of X?
(A) 7200
(B) 5500
(C) 6800
(D) 7300
(E) None of these
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