Compound Interest problems
- 1. What is the Compound interest on Rs. 5000 in 3 years, if the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?
Options- A. Rs. 435.21
- B. Rs. 453.12
- C. Rs. 436.12
- D. Rs. 463.12 Also asked in: CAT, Bank Exams, AIEEE
Correct Answer: Rs. 463.12
- 2. A bank offers 15% compound interest per half year. A customer deposits Rs 2400 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 2268
- B. Rs 1134
- C. Rs 567
- D. Rs 283 Also asked in: Bank Exams
Correct Answer: Rs 1134
- 3. If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?
Options- A. 16000
- B. 15000
- C. 17000
- D. 18000 Also asked in: Bank Exams
Correct Answer: 15000
- 4. The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)?
Options- A. 64000
- B. 60000
- C. 56000
- D. 52000 Also asked in: Bank Exams
Correct Answer: 64000
- 5. If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?
Options- A. 1452
- B. 1320
- C. 1552
- D. 1420 Also asked in: Bank Exams
Correct Answer: 1452
- 6. What would be the compound interest of Rs. 25000 for 2 yrs. at 5% per annum?
Options- A. 2500
- B. 2562.5
- C. 2425.25
- D. 5512.5 Also asked in: Bank Exams
Correct Answer: 2562.5
- 7. The compound interest on Rs. 24000 at 10% per annum for 11?2 years, interest being compounded semiannually is
Options- A. Rs.3783
- B. Rs.3777
- C. Rs.3780
- D. Rs.3781 Also asked in: Bank Exams
Correct Answer: Rs.3783
- 8. The compound interest earned in two years at 12% per annum is Rs 10176. What is the sum (in Rs) invested?
Options- A. 50000
- B. 60000
- C. 40000
- D. 80000 Also asked in: Bank Exams
Correct Answer: 40000
- 9. 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. Rs.1251
- B. Rs.1261
- C. Rs.1271
- D. Rs,1281 Also asked in: Bank Exams, Bank PO
Correct Answer: Rs.1261
Explanation:
Clearly, Rate = 5% p.a .,
Time = 3 years
S.I =Rs.1200.
So,Principal
=Rs.(100 x 1200/3x5)
=Rs.8000.
Amount
=Rs.[8000 x (1+5/100)³]
=Rs(8000x21/20x21/20x21/20)
= Rs.9261
C.I
=Rs.(9261-8000)
=Rs.1261.
- 10. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is
Options- A. 2years
- B. 3years
- C. 4years
- D. 5years Also asked in: Bank Exams, Bank PO
Correct Answer: 2years
More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.