Compound interest problems Practice Question and Answer

Q: The difference between C.I and S.I is Rs 200 at 5% for 2 years. Find the principal? 1500 2

  • 1
    80,000
    Correct
    Wrong
  • 2
    40,000
    Correct
    Wrong
  • 3
    20,000
    Correct
    Wrong
  • 4
    10,000
    Correct
    Wrong
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Answer : 1. "80,000"
Explanation :

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Q: C.I. on a certain sum is Rs.1261 in 3 years at 5%. Find the sum? 1033 1

  • 1
    5,000
    Correct
    Wrong
  • 2
    10,000
    Correct
    Wrong
  • 3
    8,000
    Correct
    Wrong
  • 4
    9,000
    Correct
    Wrong
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Answer : 3. "8,000 "

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:

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______

1644 0

  • 1
    Rs.1792
    Correct
    Wrong
  • 2
    Rs.448
    Correct
    Wrong
  • 3
    Rs.3584
    Correct
    Wrong
  • 4
    Rs.896
    Correct
    Wrong
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Answer : 1. "Rs.1792 "

Q:

The difference between CI and SI on a sum of money for 3 years at 5% per annum is Rs.61. Find the sum.

966 0

  • 1
    ₹ 6000
    Correct
    Wrong
  • 2
    ₹ 8000
    Correct
    Wrong
  • 3
    ₹ 4000
    Correct
    Wrong
  • 4
    ₹ 4680
    Correct
    Wrong
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Answer : 2. "₹ 8000"

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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