Compound Interest problems
- 1. 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
Correct Answer: Rs. 331
- 2. 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
Correct Answer: 8000
- 3. 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
Correct Answer: Rs.16400
- 4. If compound interest received on a certain amount in the 3rd year is Rs. 12,100, what will be the compound interest (in Rs) for the 4th year on the same amount if rate of interest is 9%?
Options- A. 17080
- B. 15669
- C. 13189
- D. 14376 Discuss
Correct Answer: 13189
- 5. What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?
Options- A. 1.5
- B. 0.5
- C. 2.5
- D. 3.5 Discuss
Correct Answer: 2.5
- 6. 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% Discuss
Correct Answer: 7%
- 7. The compound interest on Rs. 4000 for 4 years at 10% per annum will be
Options- A. Rs. 1856.40
- B. Rs. 1600
- C. Rs. 1856
- D. Rs. 1756.60 Discuss
Correct Answer: Rs. 1856.40
- 8. If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both case be 10%
Options- A. Rs. 5500
- B. Rs.7200
- C. Rs.6500
- D. Rs.6000 Discuss
Correct Answer: Rs.6000
- 9. The sum for 2 years gives a compound interest of Rs 3225 at 15% rate. Then sum is
Options- A. 10000
- B. 20000
- C. 15000
- D. 32250 Discuss
Correct Answer: 10000
- 10. In 3 years Rs 3000 amounts to Rs 3993 at x% compound interest, compounded annually. The value of x is
Options- A. 10
- B. 8
- C. 5
- D. 3 1/3 Discuss
Correct Answer: 10
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