Compound Interest Questions and Answers
Practice ModeShowing 10 of 41 questions
Q11
A sum of money at compound interest amounts to thrice itself in 3 years. in how many years will it be 9 times itself?
Answer: Option C
Q12
The present worth Rs. 169 due in 2 years at 4% per annum compound interest is :
Answer: Option C
Q13
To find out the total compound interest accrued on a sum of money after 5 years, which of the following informations given in the statements A and B is/are sufficient ?
A : the rate of interest was 6% per annum
B : The total simple interest on the same amount after 5 years at the same rate will be Rs. 600
Answer: Option C
Q14
To find out the total compound interest accured on a sum of money after 5 years, which of the following informations given in the statements P and Q will be sufficient ?
P : The sum was Rs. 20000.
Q : The total amount of simple interest on the sum after 5 years was Rs. 4000
Answer: Option D
Q15
The difference between the compound interest and simple interest earned at the end of second year on a sum of money at 10 % per annum is Rs. 20. The sum is :
Answer: Option B
Q16
A sum of Rs. 12000 deposited at compound interest becomes double after 5 years. After 20 years it will become :
Answer: Option B
Q17
The last number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is :
Answer: Option B
Q18
The compound interest on a sum for 2 years is Rs. 832 and the simple interest on the same sum for the same period is Rs. 800. The difference between the compound interest and the simple interest for 3 years will be :
Answer: Option A
Q19
A sum of money becomes Rs. 13380 after 3 years and Rs. 20070 after 6 years on compound interest. The sum is :
Answer: Option C
Q20
A loan was repaid in two annual instalments of Rs. 121 each. If the rate of interest be 10% per annum, compounded annually, the sum borrowed was :
Answer: Option B