COMPOUND INTEREST QUESTIONS

This Aptitude Practice set include questions on compound interest_study4successquestions on Compound Interest to practice for SSC, IBPS RRB, IBPS PO, IBPS CLERK and other competitive examinations.

Questions on Compound Interest

1. Find the compound interest on Rs.10,000 in 2 years at 4% per annum,the interest begin compounded half-yearly.
A.Rs.700
B.Rs.824.32
C.Rs.840
D.Rs.724.32

2. In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?
A.4 years
B.5 years
C.2 years
D.3 years

3. Albert invented an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5% p.a. .How much amount will Albert get on maturity of the fixed deposit?
A.Rs.8824
B.Rs.8820
C.Rs.8600
D.Rs.8620

4. What will be compounded interest on a sum of Rs.25,000 after 3 years at the rate of 12 p.c.p.a.?
A.Rs.10123.20
B.Rs.9000.30
C.Rs.9720
D.Rs.None of these

5. Find the compound interest on Rs.15,625 for 9 months at 16% per annum compounded quarterly?
A.Rs.1851
B.Rs.1951
C.Rs.1941
D.Rs.1961

6. The difference between the simple interest and compound interest on Rs.1200 for one year at @10% p.a. reckoned half-yearly is:
A.Rs.3
B.Rs.3.75
C.Rs.2.50
D.Rs.2.75

7. What will be the difference between simple and compound interest @10% p.a. on a sum of Rs.1000 after 4 years?
A.Rs.40.40
B.Rs.64.10
C.Rs.32.10
D.Rs.31

8. The compound interest on Rs.30,000 at 7% p.a. is Rs.4347.The period (in years) is :
A.3
B.2.5
C.2
D.4

9. The compound interest on a certain sum for 2 years at 10% p.a. is Rs.525.The simple interest on the same sum for double the time at the half the rate percent per annum is:
A.Rs.500
B.Rs.600
C.Rs.800
D.Rs.400

10. There is 60% increase in an amount in 6 years at simple interest .What will be the compound interest of Rs.12,000 after 3 years at the same rate?
A.Rs.3972
B.Rs.2160
C.Rs.3120
D.Rs.6240

11. The difference between compound interest and simple interest on an amount of Rs.15,000 for 2 years in Rs.96 .What is the rate of interest per annum?
A.10
B.12
C.8
D.9

12. The difference between compound interest and simple interest compounded annually on a certain sum of money for 2 years at 4% p.a. is Re.1 .The sum (in Rs) is:
A.625
B.630
C.640
D.650

13. The difference between the simple interest on a certain sum at the rate of 10% p.a. for 2 years and compound interest which is compounded every 6 months in Rs.124.05 .What is the principal sum?
A.Rs.8000
B.Rs.10,000
C.Rs.12,000
D.Rs.6000

14. The effective annual rate of interest corresponding to a nominal rate at 6% p.a. payable half-yearly is:
A.6.06 %
B.6.09 %
C.6.07 %
D.6.08 %

15. A sum of money invested at compound interest amounts to Rs.800 in 3 years and to Rs.840 in 4 years .The rate of interest p.a. is:
A.2 1/2%
B.5 1/2 %
C.4 %
D.5 %

16. The least number of complete years in which a sum of money put out at 20% compounded interest will be more than doubled is:
A.5
B.3
C.4
D.6

17. What annual payment will discharge a debt of Rs.1025 due in 2 years at the rate of 5% compound interest ?
A.Rs.560
B.Rs.550
C.Rs.560.75
D.Rs.551.25

18. A sum of money is borrowed and paid back in two annual instalments of Rs.882 each allowing 5% compound interest .The sum borrowed was:
A.Rs.1640
B.Rs.1620
C.Rs.1680
D.Rs.1700

19. A sum of money placed at compound interest doubles itself in 5 years .It will amount to eight times itself at the same rate of interest in:
A.12 years
B.20 years
C.7 years
D.15 years

20. Mr.DUa invested money in 2 schemes A and B ordering compound interest @8 p.c.p.a. and 9 p.c.p.a. respectively .If total amount of interest accrued through two schemes together in 2 years was Rs.4818.30 and the total amount invested was Rs.27,000 ,what was the amount invested in Scheme A?
A.Rs.15,00
B.Rs.13,500
C.Rs.12,000
D.Rs.10,000

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