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Home Aptitude Compound Interest Comments

  • Question
  • If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?


  • Options
  • A. 7.5%
  • B. 7%
  • C. 6%
  • D. 6.5%

  • Correct Answer
  • 7% 

  • Tags: Bank Exams

    Compound Interest problems


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    • 1. At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years?

    • Options
    • A. 11
    • B. 10
    • C. 9
    • D. 12
    • Discuss
    • 2. What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?

    • Options
    • A. 29.38
    • B. 39.38
    • C. 49.38
    • D. 59.38
    • Discuss
    • 3. What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

    • Options
    • A. 8695
    • B. 7695
    • C. 3695
    • D. 4695
    • Discuss
    • 4. Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

    • Options
    • A. 1389
    • B. 1359
    • C. 1379
    • D. 1339.33
    • Discuss
    • 5. If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $10,000 after 3 years?

    • Options
    • A. 8695.61
    • B. 6786
    • C. 3478
    • D. 4092
    • Discuss
    • 6. A bank offers 15% compound interest per half year. A customer deposits Rs 8800 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 8315
    • B. Rs 2079
    • C. Rs 4158
    • D. Rs 1039
    • Discuss
    • 7. The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is

    • Options
    • A. Rs. 1331
    • B. Rs. 331
    • C. Rs. 300
    • D. Rs. 1300
    • Discuss
    • 8. The amount received at 10% per annum Compound interest after 3 yrs is Rs 5324. What was the principal (in Rs)?

    • Options
    • A. 4100
    • B. 4200
    • C. 4000
    • D. 4300
    • Discuss
    • 9. The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money?

    • Options
    • A. Rs.7200
    • B. Rs.9600
    • C. Rs.16400
    • D. Rs.8400
    • Discuss
    • 10. If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs) for the 4th year on the same amount at 9% rate of interest?

    • Options
    • A. 1245.6
    • B. 1521.6
    • C. 1351.6
    • D. 1220.6
    • Discuss


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