Home - Gate - Compound Interest

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. 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

2. Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years?

Options

A : Rs. 704

B : Rs. 854

C : Rs. 893

D : Rs. 914

3. Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?

Options

A : 6.5%

B : 6%

C : 5%

D : 4.5%

4. The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is ?

Options

A : 3 years

B : 4 years

C : 2.5 years

D : 2 years

5. Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?

Options

A : Rs. 1911

B : Rs. 1909

C : Rs. 1901

D : Rs. 1907

8. There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate ?

Options

A : Rs. 5422

B : Rs. 5489

C : Rs. 3972

D : Rs. 6145

9. Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest ?

Options

A : 20% p.a

B : 15% p.a

C : 18% p.a

D : 24% p.a

10. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 1155. The simple interest on the same sum for double the time at half the rate percent per annum is ?

Options

A : Rs. 1100

B : Rs. 5500

C : Rs. 1400

D : Rs. 4120

1. In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly ?

Options

A : Quarter months

B : Half year

C : 2 years

D : 1 year

7. What is the difference between the compound interests on Rs. 5000 for 11?2 years at 4% per annum compounded yearly and half-yearly?

Options

A : Rs. 1.80

B : Rs. 2.04

C : Rs. 3.18

D : Rs. 4.15

8. At a certain rate of interest the compound interest of 3 years and simple interest of 5 years for certain sum of money is respectively Rs. 1513.2 and Rs. 2400. Find the common rate of interest per annum ?

Options

A : 5%

B : 6%

C : 4%

D : 3%

9. Find the compound interest on Rs. 2680 at 8% per annum for 2 years ?

Options

A : Rs. 664.21

B : Rs. 548.68

C : Rs. 445.95

D : Rs. 692.57

10. The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned ?

Options

A : Rs. 11828.80

B : Rs. 19828.80

C : Rs. 9828.80

D : Rs. 19328.80

Gate more Online Exam Quiz

Copyright © 2021
Exam-GK-MCQ-Questions.Com | Contact Us | Privacy Policy | Terms of Use | Sitemap | 0.018319845199585