Compound Interest Questions and Answers for Banks Exam and SSC
A sum of money placed at compound interest triples itself in 9 year. In how many years will if amount to 243 times itself?
(A) 27 years
(B) 36 years
(C) 45 years
(D) 54 years
Correct Answer : C
What is a difference between simple interest and compound interest in 1 year at a rate of 10 percent on an amount of Rs. 1200. If interest is half yearly compounded?
(A) 5 Rupees
(B) 6 Rupees
(C) 3 Rupees
(D) 9 Rupees
Correct Answer : C
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______
(A) Rs.1792
(B) Rs.448
(C) Rs.3584
(D) Rs.896
Correct Answer : A
If a sum of money becomes 8 times in 9 years at compound interest annually, in how much time it will become 32 times?
(A) 15 year
(B) 20 year
(C) 25 year
(D) None of these
Correct Answer : D
There is 80% increase in amount in 5 years at simple interest. What will be the compound interest of Rs. 20,000 after 3 years at the same rate?
(A) Rs.1000
(B) Rs.11217.92
(C) Rs.11717.20
(D) Rs.13217.92
Correct Answer : B
ask me in the comment section, If you face any problem while solving compound interest questions. All the best.
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Vikram Singh
Providing knowledgable questions of Reasoning and Aptitude for the competitive exams.
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