Practice MCQ Questions and Answer on Compound Interest
1.
The difference between CI and SI for 3 years Rs. 992. If rate of interest is 10%. Find the Principal ?
- (A) Rs. 22000
- (B) Rs. 30000
- (C) Rs. 28000
- (D) Rs. 32000
2.
A loan of Rs. 12300 at 5% per annum compound interest, is to be repaid in two equal annual installments at the end of every year. Find the amount of each installment ?
- (A) Rs. 6651
- (B) Rs. 6615
- (C) Rs. 6516
- (D) Rs. 6156
3.
At what rate percent per annum will a sum of Rs. 15,625 amount to Rs. 21,952 in three years, if the interest is compounded annually?
- (A) 12%
- (B) 8%
- (C) 9%
- (D) 10%
4.
A sum of Rs. 12,000 amounts to Rs. 20,736 in 3 years at a certain rate percent per annum interest compounded annually. What will amount of the same sum to in 2 years at the same rate on compound interest?
- (A) Rs. 15,640
- (B) Rs. 17,820
- (C) Rs. 17,280
- (D) Rs. 14,520
5.
What is the compound interest on Rs. 5,000 for 2 years at 10%, per annum, compounded half-yearly?
- (A) Rs. 1,025.00
- (B) Rs. 2,320.50
- (C) Rs. 1,050.00
- (D) Rs. 1,077.50
6.
A sum amount to Rs. 7,562 in 4 years and to Rs. 8,469.44 in 5 years at a certain rate percent per annum, when the interest is compounded yearly. The rate of interest is:
- (A) 8%
- (B) 12%
- (C) 20%
- (D) 15%
7.
Shashi had a certain amount of money. He invested
- (A) Rs. 4500
- (B) Rs. 4200
- (C) Rs. 4050
- (D) Rs. 5000
8.
At what percent is the annual compound interest rate taken such that a certain sum amounts to its 16 times in 4 years?
- (A) 175%
- (B) 100%
- (C) 200%
- (D) 75%
9.
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
- (A) 6%
- (B) 6.5%
- (C) 7%
- (D) 7.5%
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. 2160
- (B) Rs. 3120
- (C) Rs. 3972
- (D) Rs. 6240