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Home Aptitude Compound Interest Comments

  • Question
  • The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is:


  • Options
  • A. 30000
  • B. 30300
  • C. 3000
  • D. 3030

  • Correct Answer
  • 3000 

  • Tags: Bank Exams

    Compound Interest problems


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    • 1. In what time(in years) will Rs. 8000 amount to Rs. 9261 at 5% per annum, compounded annually?

    • Options
    • A. 3
    • B. 3.5
    • C. 4
    • D. 4.5
    • Discuss
    • 2. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 5% per annum is Rs 45. The sum is

    • Options
    • A. Rs 36000
    • B. Rs 72000
    • C. Rs 18000
    • D. Rs 54000
    • Discuss
    • 3. At what rate of compound interest per annum will a sum of Rs 50000 become Rs 73205 in 2 years?

    • Options
    • A. 21 percent
    • B. 19 percent
    • C. 17 percent
    • D. 15 percent
    • Discuss
    • 4. If Rs. 10000 amounts to Rs. 11664 invested in compound interest(compounded annually) for two years then the annual rate of compound interest is

    • Options
    • A. 10%
    • B. 9%
    • C. 8%
    • D. 6%
    • Discuss
    • 5. The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region?s current population is 100,000, what is the expected population 10 years from now?

    • Options
    • A. 81707
    • B. 91707
    • C. 61707
    • D. 71707
    • Discuss
    • 6. A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more if interest is compounded half-yearly. The sum

    • Options
    • A. Rs.15,000
    • B. Rs.30,000
    • C. Rs.20,000
    • D. Rs.7,500
    • Discuss
    • 7. What is the compound interest earned on Rs 80,000 at 40% per annum in 1 year compounded quarterly?

    • Options
    • A. 28317
    • B. 37128
    • C. 18732
    • D. 21387
    • Discuss
    • 8. The amount received at 10% per annum compound interest after 3 yrs is Rs 10,648. What was the principal (in Rs)?

    • Options
    • A. 8000
    • B. 9000
    • C. 8500
    • D. 7500
    • Discuss
    • 9. A bank offers 15% compound interest per half year. A customer deposits Rs 7200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by means of interest is

    • Options
    • A. Rs 6803
    • B. Rs 850
    • C. Rs 3402
    • D. Rs 1701
    • Discuss
    • 10. If the amount received at the end of 2nd and 3rd year at compound Interest on a certain Principal is Rs 9,600 and Rs 10,272 respectively, what is the rate of interest (in %)?

    • Options
    • A. 7
    • B. 8
    • C. 6
    • D. 5
    • Discuss


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