Compound Interest Questions and Answers for Banks Exam and SSC
Compound interest questions and answers for competitive exams
Q : A principal increases by 21% over 2 years with compound interest. What will be the simple interest in 4 years at the same interest rate of Rs 1000?
(A) 320
(B) 350
(C) 400
(D) 420
Correct Answer : C
If the compound interest rate is 20% per annum compounded half yearly, then what will be the interest for two years on the principal of Rs. 100000?
(A) 46,410
(B) 44,000
(C) 21,000
(D) 33,100
Correct Answer : A
What will be compound interest on a sum of Rs. 1000 at the rate of interest 10% after 5 years?
(A) Rs. 610.51
(B) Rs. 559.45
(C) Rs. 665.50
(D) Rs. 665.51
Correct Answer : A
Rs.4000 becomes Rs. 5000 in 4 years at a certain rate of compound interest. What will be the sum at the end of 12 years?
(A) Rs. 7712.50
(B) Rs. 7812.50
(C) Rs. 7612.50
(D) Rs. 7512.50
Correct Answer : B
The simple interest on Rs. 12000 at a certain rate of interest in five years is Rs. 7200. Find the compound interest on the same amount for five years at the same rate of interest.
(A) Rs. 3502.80
(B) Rs. 3052.40
(C) Rs. 3054.80
(D) Rs. 3052.80
Correct Answer : D
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Vikram Singh
Providing knowledgable questions of Reasoning and Aptitude for the competitive exams.
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