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Compound Interest (IT Trainer) Question and Answers-Page first

Compound Interest problems


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  • 1. Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?

  • Options
  • A. Rs. 3845
  • B. Rs. 4826
  • C. Rs. 5142
  • D. Rs. 4415

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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  • 2. What is the interest rate per annum, if a sum of money invested at compound interest amount to Rs. 2400 in 3 years and in 4 years to Rs. 2,520?

  • Options
  • A. 3.5%
  • B. 4%
  • C. 5%
  • D. 6.5%

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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  • 3. A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

  • Options
  • A. Rs. 7000
  • B. Rs. 4500
  • C. Rs. 9000
  • D. Rs. 8200

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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  • 4. 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

  • Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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