Compound interest problems Practice Question and Answer

Q: What will be compound interest-on, a sum of Rs 1000 at die rate of 10 percent per annum after 5 year? 900 0

  • 1
    Rs 610.51
    Correct
    Wrong
  • 2
    Rs 559.45
    Correct
    Wrong
  • 3
    Rs 665.50
    Correct
    Wrong
  • 4
    Rs 665.51
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 1. "Rs 610.51"
Explanation :

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Q:

A sum of Rs. 12,000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years? 

835 0

  • 1
    Rs.1,50,000
    Correct
    Wrong
  • 2
    Rs.1,92,000
    Correct
    Wrong
  • 3
    Rs.1,44,000
    Correct
    Wrong
  • 4
    Rs.1,20,000
    Correct
    Wrong
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Answer : 1. "Rs.1,50,000 "

Q: Find the difference between SI and CI for three years at 10% per annual rate on Rs 4000 789 0

  • 1
    Rs 125
    Correct
    Wrong
  • 2
    Rs 126
    Correct
    Wrong
  • 3
    Rs 124
    Correct
    Wrong
  • 4
    Rs 127
    Correct
    Wrong
  • 5
    None of these
    Correct
    Wrong
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Answer : 3. "Rs 124"

Q: Two equal amounts are deposited in two different banks at 12% for 3 years and 4.5 years. The difference between simple interest received is Rs. 72. Find the amount deposited in bank. 751 0

  • 1
    500
    Correct
    Wrong
  • 2
    400
    Correct
    Wrong
  • 3
    600
    Correct
    Wrong
  • 4
    450
    Correct
    Wrong
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Answer : 2. "400"

Q: If rate of interest is 2% more, the amount will exceed Rs. 60 for one year, find the principal? 751 0

  • 1
    300
    Correct
    Wrong
  • 2
    3,000
    Correct
    Wrong
  • 3
    6,000
    Correct
    Wrong
  • 4
    4,000
    Correct
    Wrong
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Answer : 2. "3,000"

Q:

Find the difference between compound interest and simple interest on 5000 for 2 years at 8% p.a payable annually.

588 0

  • 1
    45
    Correct
    Wrong
  • 2
    32
    Correct
    Wrong
  • 3
    57
    Correct
    Wrong
  • 4
    84
    Correct
    Wrong
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Answer : 2. "32"

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