Compound Interest problems
- 1. If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 2100, and Rs 2268 respectively, what is the rate (in %) of interest?
Options- A. 7
- B. 8
- C. 9
- D. 10 Also asked in: Bank Exams
Correct Answer: 8
- 2. 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 Also asked in: Bank Exams
Correct Answer: Rs. 1856.40
- 3. 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 Also asked in: Bank Exams
Correct Answer: Rs.6000
- 4. 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 Also asked in: Bank Exams
Correct Answer: 10000
- 5. 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 Also asked in: Bank Exams
Correct Answer: 10
- 6. A man borrowed some money and agreed to pay-off by paying Rs 3150 at the end of the 1st year and Rs 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is
Options- A. Rs 5000
- B. Rs 6500
- C. Rs 7000
- D. Rs 9200 Also asked in: Bank Exams
Correct Answer: Rs 7000
- 7. Rs 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is
Options- A. 125000
- B. 135200
- C. 152000
- D. 108200 Also asked in: Bank Exams
Correct Answer: 135200
- 8. If the compound interest for the 3rd and 4th year on a certain principal is Rs 125 and Rs 135 respectively, what is the rate of interest (in %)?
Options- A. 9
- B. 10
- C. 8
- D. 12 Also asked in: Bank Exams
Correct Answer: 8
- 9. What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 25,000 at 20% per annum compounded semi-annually and annually?
Options- A. 125
- B. 250
- C. 500
- D. 375 Also asked in: Bank Exams
Correct Answer: 250
- 10. In how many years will Rs 2,000 yield Rs 662 as compound interest at 10% per annum compounded annually?
Options- A. 3
- B. 2
- C. 4
- D. 5 Also asked in: Bank Exams
Correct Answer: 3
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