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Compound Interest Online Exam Quiz

Important questions about Compound Interest. Compound Interest MCQ questions with answers. Compound Interest exam questions and answers for students and interviews.

1. A sum of Rs. 550 was taken as a loan. This is to be repaid in two equal annual instalments. if the rate of interested be 20% compound annually then the value of each instalment is?

Options

A : Rs. 421

B : Rs. 396

C : Rs. 360

D : Rs. 350

2. If the simple interest on certain sum of money be Rs. 40 for 2 years and the compound interest on the same sum at the same rate and for the same time be Rs. 45. What is the principle?

Options

A : Rs. 70

B : Rs. 90

C : Rs. 85

D : Rs. 80

3. Neeraj saves Rs. 400 at the end of each year and lends this saving at 5% p.a. compound interest, How much will it worth at the end of 3 years?

Options

A : Rs. 1312. 50

B : Rs. 1284

C : Rs. 1315

D : Rs. 1324.05

4. If a sum of money placed at compound interest becomes 3 times of itself in 3 years. In how many years will it be 9 times at the same rate of interest?

Options

A : 6 years

B : 9 years

C : 12 years

D : 5 years

5. A person invested a certain amount at simple interest at the rate of 6 percent annum earning Rs. 900 as an interest at the end of three years. Had the interest been compounded every year. How much more interest would he have earned on the same amount with the same interest after three years?

Options

A : Rs. 38.13

B : Rs. 25.33

C : Rs. 55.08

D : Rs. 35.30

6. The difference between the simple and the compound interest compounded every six months at the rate of 10 percent per annum at the end of two years is Rs. 124.05. What is the sum?

Options

A : Rs. 10000

B : Rs. 6000

C : Rs. 12000

D : Rs. 8000

7. The cash price of a refrigerator is Rs. 7044. A customer paid Rs. 2000 in case and promised to pay the remaining money in 3 yearly equal instalments at the rate of 5% per annum compound interest. What is the value of each instalment?

Options

A : Rs. 1865

B : Rs. 1868.28

C : Rs. 1752

D : Rs. 1852.20

8. Vijay obtains a loan of 64000 against his fixed deposits. If the rate of interest be 2.5 paise per rupee per annum. Calculate the compound interest payable after 3 years?

Options

A : Rs. 4921

B : Rs. 5020

C : Rs. 4821

D : Rs. 4920

9. Divided Rs. 3903 between A and B, so that A's share at the end of 7 years may equal to B's share at the end of 9 years, compound interest being at 4 per cent?

Options

A : Rs. 2028, Rs. 1875

B : Rs. 2018, Rs. 1885

C : Rs. 2008, Rs. 1895

D : Rs. 2038, Rs. 1865

10. Akash borrows ? 65000 at 10% per annum simple interest for 3 yr and lends it at 10% per annum compound interest for 3 yr , Find his gain after three years.?

Options

A : ? 2015

B : ? 1330

C : ? 1300

D : None of these

1. A father divided his property between his two sons A and B. A invests the amount at compound interest of 8% per annum and B invests the amount at 10% per annum simple interest. At the end of 2 yr, the interest received by B is ? 1336 more than the interest received by A. Find the share of A in the father's property of ? 25000.?

Options

A : ? 12000

B : ? 13000

C : ? 12500

D : ? 10000

2. What is the difference between the compound interest and simple interest calculated on an amount of ? 16200 at the end of 3 yr at 25% pa? (Rounded off to two digits after decimal)

Options

A : ? 3213.44

B : ? 3302.42

C : ? 3495.28

D : ? 3290.63

3. Divide ? 2602 between M and N, so that the amount of M after 7 yr is equal to the amount of N after 9 yr, the interest being compounded at 4% pa.

Options

A : ? 1352, ? 1250

B : ? 1400, ? 1350

C : ?1415, ?1300

D : ?1500, ?1450

4. SBI lent ? 1331 lakh to the TATA group at compound interest and got ?1728 lakh after 3 yr. What is the rate of interest charged, if compounded annually?

Options

A : 11%

B : 9.09%

C : 12%

D : 8.33%

5. A sum of money lent at compound interest for 2 yr at 20 % pa would fetch ? 964 more, if the interest was payable half-yearly than if it was payable annually. What is the sum?

Options

A : ? 40000

B : ? 60000

C : ? 90000

D : ? 500000

6. The compound interest on a sum of ? 4000 becomes ? 630.50 in 9 months. Find the rate of interest, if interest is compounded quarterly.

Options

A : 20%

B : 23%

C : 19%

D : 21%

7. Income of Shantanu was ? 4000. In the first 2 yr. his income decreased by 10% and 5% respectively but in the third year, the income increased by 15%. What was his income at the end of third year?

Options

A : ? 3933

B : ? 4000

C : ? 3500

D : ? 3540

8. The simple interest for certain sum in 2 yr at 4% pa is ? 80. What will be the compound interest for the same sum, if conditions of rate and time period are same?

Options

A : ? 91.60

B : ? 81.60

C : ? 71.60

D : ? 80

9. A sum invested for 3 yr compounded at 5%, 10% and 20% respectively. In 3 yr, if the sum amounts to ? 16632, then find the sum.

Options

A : ? 11000

B : ? 12000

C : ? 9000

D : ? 15000

10. A man borrows ? 5100 to be paid back with compound interest at the rate of 4 % pa by the end of 2 yr in two equal yearly installments. How much will each installment be?

Options

A : ? 2704

B : ? 2800

C : ? 3000

D : ? 2500

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