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- Question
If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?
Options- A. 1452
- B. 1320
- C. 1552
- D. 1420
- Correct Answer
- 1452
- 1. The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)?
Options- A. 64000
- B. 60000
- C. 56000
- D. 52000 Discuss
- 2. If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?
Options- A. 16000
- B. 15000
- C. 17000
- D. 18000 Discuss
- 3. A bank offers 15% compound interest per half year. A customer deposits Rs 2400 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
Options- A. Rs 2268
- B. Rs 1134
- C. Rs 567
- D. Rs 283 Discuss
- 4. What is the Compound interest on Rs. 5000 in 3 years, if the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?
Options- A. Rs. 435.21
- B. Rs. 453.12
- C. Rs. 436.12
- D. Rs. 463.12 Discuss
- 5. In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly ?
Options- A. Quarter months
- B. Half year
- C. 2 years
- D. 1 year Discuss
- 6. What would be the compound interest of Rs. 25000 for 2 yrs. at 5% per annum?
Options- A. 2500
- B. 2562.5
- C. 2425.25
- D. 5512.5 Discuss
- 7. The compound interest on Rs. 24000 at 10% per annum for 11?2 years, interest being compounded semiannually is
Options- A. Rs.3783
- B. Rs.3777
- C. Rs.3780
- D. Rs.3781 Discuss
- 8. The compound interest earned in two years at 12% per annum is Rs 10176. What is the sum (in Rs) invested?
Options- A. 50000
- B. 60000
- C. 40000
- D. 80000 Discuss
- 9. If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.
Options- A. Rs.1251
- B. Rs.1261
- C. Rs.1271
- D. Rs,1281 Discuss
- 10. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is
Options- A. 2years
- B. 3years
- C. 4years
- D. 5years Discuss
Compound Interest problems
Search Results
Correct Answer: 64000
Correct Answer: 15000
Correct Answer: Rs 1134
Correct Answer: Rs. 463.12
Correct Answer: Half year
Explanation:
3300 ----- 3% ? (1st time interval, 99) ? 3399.
Here, time interval is given as half-yearly i.e. 6 months.
Correct Answer: 2562.5
Correct Answer: Rs.3783
Correct Answer: 40000
Correct Answer: Rs.1261
Explanation:
Clearly, Rate = 5% p.a .,
Time = 3 years
S.I =Rs.1200.
So,Principal
=Rs.(100 x 1200/3x5)
=Rs.8000.
Amount
=Rs.[8000 x (1+5/100)³]
=Rs(8000x21/20x21/20x21/20)
= Rs.9261
C.I
=Rs.(9261-8000)
=Rs.1261.
Correct Answer: 2years
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