Practice MCQ Questions and Answer on Compound Interest
151.
A sum of money is compound interest became doubles itself in 15 years. It will become eight times of itself in = ?
- (A) 45 years
- (B) 48 years
- (C) 54 years
- (D) 60 years
152.
In what time will Rs 64000 amounts to Rs 68921 at 5% per annum interest being compounded half yearly ?
- (A) $$1\frac{1}{2}$$ years
- (B) 2 years
- (C) 3 years
- (D) $$2\frac{1}{2}$$ years
153.
In how many years will a sum of Rs. 800 at 10% per annum compounded semi annually become Rs. 926.10?
- (A) $$1\frac{1}{3}$$ years
- (B) $$1\frac{1}{2}$$ years
- (C) $$2\frac{1}{3}$$ years
- (D) $$2\frac{1}{2}$$ years
154.
A man, borrow Rs 21000 at 10% compound interest. How much he has to pay annually at the end of each year, to settle his loan in two years ?
- (A) Rs. 12000
- (B) Rs. 12100
- (C) Rs. 12200
- (D) Rs. 12300
155.
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%
156.
A sum amounts to Rs. 18,600 after 3 years and to Rs. 27,900 after 6 years, at a certain rate percent p.a, when the interest is compounded annually. The sum is:
- (A) Rs. 11,800
- (B) Rs. 12,400
- (C) Rs. 14,400
- (D) Rs. 14,600
157.
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
- (A) Rs. 51.25
- (B) Rs. 52
- (C) Rs. 54.25
- (D) Rs. 60
158.
A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year?
- (A) Rs. 544
- (B) Rs. 445.44
- (C) Rs. 445.88
- (D) Rs. 548
159.
A loan is to be returned in two equal yearly instalments. If the rate of interest is 10% p.a., compounded annually, and each instalment if Rs. 5,808, then the total interest charged in this scheme is:
- (A) Rs. 1,563
- (B) Rs. 1,536
- (C) Rs. 1,632
- (D) Rs. 1,602
160.
The compound interest on a sum of Rs 5000 at 8% per annum for 9 months when interest is compounded quarterly is = ?
- (A) Rs. 300
- (B) Rs. 300.12
- (C) Rs. 306.04
- (D) Rs. 308