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Compound Interest problems


  • 1. The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned ?

  • Options
  • A. Rs. 11828.80
  • B. Rs. 19828.80
  • C. Rs. 9828.80
  • D. Rs. 19328.80
  • Discuss
  • 2. A sum of Rs. 8,000 is deposited for 3 years at 5% per annum compound interest (compounded annually). The difference of interest for 3 years and 2 years will be

  • Options
  • A. Rs. 387
  • B. Rs. 441
  • C. Rs. 469
  • D. Rs. 503
  • Discuss
  • 3. What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

  • Options
  • A. 2.04
  • B. 3.04
  • C. 4.04
  • D. 5.04
  • Discuss
  • 4. Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years?

  • Options
  • A. Rs. 704
  • B. Rs. 854
  • C. Rs. 893
  • D. Rs. 914
  • Discuss
  • 5. Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?

  • Options
  • A. 6.5%
  • B. 6%
  • C. 5%
  • D. 4.5%
  • Discuss
  • 6. The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is ?

  • Options
  • A. 3 years
  • B. 4 years
  • C. 2.5 years
  • D. 2 years
  • Discuss
  • 7. The difference between the compound interest and the simple interest accrued on an amount of Rs. 18,000 in 2 years was Rs. 405. What was the rate of interest p.c.p.a. ?

  • Options
  • A. 12%
  • B. 13%
  • C. 14%
  • D. 15%
  • Discuss
  • 8. Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest

  • Options
  • A. 3years
  • B. 5years
  • C. 6years
  • D. 7years
  • Discuss
  • 9. If the compound interest on a certain sum at 1623 % to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.

  • Options
  • A. 1080
  • B. 1090
  • C. 1180
  • D. 1109
  • Discuss
  • 10. Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit ?

  • Options
  • A. Rs.8600
  • B. Rs.8830
  • C. Rs.8500
  • D. Rs.8820
  • Discuss

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