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Home Aptitude Compound Interest Comments

  • Question
  • What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?


  • Options
  • A. 8000
  • B. 8650
  • C. 8750
  • D. 8800

  • Correct Answer
  • 8800 

  • Tags: Bank Exams

    Compound Interest problems


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    • 1. A woman invests Rs. 2000 at the start of each year at 5% C.I. per annum. How much will her investments be at the end of the 2nd year?

    • Options
    • A. Rs. 4305
    • B. Rs. 430
    • C. Rs. 4355
    • D. Rs. 4350
    • Discuss
    • 2. Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly.

    • Options
    • A. Rs. 676
    • B. Rs. 776
    • C. Rs. 1778
    • D. Rs. 2028
    • Discuss
    • 3. If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ?

    • Options
    • A. 3387.42
    • B. 4387.42
    • C. 5387.42
    • D. 6387.42
    • Discuss
    • 4. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is

    • Options
    • A. Rs.4000
    • B. Rs.500
    • C. Rs.600
    • D. Rs.800
    • Discuss
    • 5. At what rate of compound interest per annum will a sum of Rs 10000 become Rs 12321 in 2 years?

    • Options
    • A. 22 percent
    • B. 11 percent
    • C. 7 percent
    • D. 15 percent
    • Discuss
    • 6. Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?

    • Options
    • A. Rs.2543
    • B. Rs.2534
    • C. Rs.2546
    • D. Rs.2750
    • Discuss
    • 7. Mr. Mike borrowed Rs. 8500 at 4% per annum C.I. The C.I. compounded annally for 2 years is :

    • Options
    • A. Rs. 9139.6
    • B. Rs. 639.6
    • C. Rs. 9193.6
    • D. Rs. 693.6
    • Discuss
    • 8. If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is

    • Options
    • A. Rs.1505
    • B. Rs.1535
    • C. Rs.1545
    • D. Rs.1550
    • Discuss
    • 9. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?

    • Options
    • A. Rs.2592
    • B. Rs.2492
    • C. Rs.2352
    • D. Rs.2352
    • Discuss
    • 10. Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.

    • Options
    • A. .I only
    • B. III only
    • C. I or II
    • D. II and Either I or III only
    • Discuss


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