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Compound Interest problems


  • 1. Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

  • Options
  • A. 3.6
  • B. 6
  • C. 18
  • D. Cannot be determined
  • Discuss
  • 2. What annual payment will discharge a debt of Rs.7620 due in 3years at 1623 % per annum interest?

  • Options
  • A. 5430
  • B. 4430
  • C. 3430
  • D. 2430
  • Also asked in: Bank Exams, Bank PO

  • Discuss
  • 3. What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000

  • Options
  • A. I only
  • B. II and III only
  • C. All I, II and III
  • D. I only or II and III only
  • Also asked in: Bank Exams, Bank PO

  • Discuss
  • 4. The difference between the simple interest on a certain sum at the rate of 10%per annum for 2 years and compound interest which is compounded every 6 months is Rs.124.05. what is the principal sum

  • Options
  • A. Rs.6000
  • B. Rs.8000
  • C. Rs.12000
  • D. none of these
  • Also asked in: Bank Exams, Bank PO

  • Discuss
  • 5. 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. 1261
  • B. 1271
  • C. 1281
  • D. 1291
  • Also asked in: Bank Exams, Bank PO

  • Discuss
  • 6. A certain sum amounts to Rs.7350 in 2 years and to Rs.8575 in 3 years.find the sum and rate percent

  • Options
  • A. 3400
  • B. 4400
  • C. 5400
  • D. 6400
  • Also asked in: Bank Exams, Bank PO

  • Discuss
  • 7. Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly

  • Options
  • A. 2422
  • B. 2522
  • C. 2622
  • D. 2722
  • Also asked in: Bank Exams, Bank PO

  • Discuss
  • 8. A sum is being lent at 20 % per annum compound interest.what is the ratio of increase in amount of 4th year to 5th year?

  • Options
  • A. 4:5
  • B. 5:4
  • C. 5:6
  • D. can't be determined
  • Discuss
  • 9. The compound interest on a sum of money for 2 years is rs.832 and the simple interest on the same sum for the same period is rs.800 .the difference between the compound interest and simple interest for 3 years

  • Options
  • A. Rs.48
  • B. Rs.66.56
  • C. Rs.98.56
  • D. None of these
  • Also asked in: Bank Exams, Bank PO

  • Discuss
  • 10. In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?

  • Options
  • A. 1years
  • B. 2years
  • C. 3years
  • D. 4years
  • Also asked in: Bank Exams, Bank PO

  • Discuss

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