At what rate of compound interest per annum will Rs. 6,250 become Rs. 7,290 in 2 years?
Correct answer B. 8%
Topic / 71 questions
Compound Interest MCQs
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The difference between the compound interest and the simple interest on a sum for 3 years at 10% per annum is Rs. 186. What is the sum?
Correct answer A. Rs. 6,000
On Rs. 20,000 for 2 years, compound interest exceeds simple interest by Rs. 200. What is the rate of interest per annum?
Correct answer B. 10%
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The difference between the compound interest and the simple interest on a sum for 2 years at 12% per annum is Rs. 72. What is the sum?
Correct answer D. Rs. 5,000
What is the difference between the compound interest and the simple interest on Rs. 8,000 for 3 years at 5% per annum?
Correct answer A. Rs. 61
What is the difference between the compound interest and the simple interest on Rs. 25,000 for 2 years at 6% per annum?
Correct answer D. Rs. 90
What is the compound interest on Rs. 40,000 for 6 months at 12% per annum, compounded quarterly?
Correct answer C. Rs. 2,436
What is the compound interest on Rs. 16,000 for 1.5 years at 10% per annum, compounded half-yearly?
Correct answer D. Rs. 2,522
Sana deposits Rs. 12,500 at 8% per annum compound interest, compounded annually. What amount will she receive after 2 years?
Correct answer C. Rs. 14,580
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What is the compound interest on Rs. 8,000 at 10% per annum for 3 years, compounded annually?
Correct answer B. Rs. 2,648
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
Correct answer B. Rs. 121
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
Correct answer A. 625
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?
Correct answer C. Rs. 3972
What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
Correct answer A. Rs. 2.04
What is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465.
Correct answer D. I and Either II or III only
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Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.
Correct answer D. II and Either I or III only
What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II. The compound interest and the simple interest earned in one year is the same. III. The amount becomed more than double on compound interest in 10 years.
Correct answer A. I only
What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000.
Correct answer E. I only or II and III only
An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200.
Correct answer B. II alone sufficient while I alone not sufficient to answer
What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.
Correct answer B. II alone sufficient while I alone not sufficient to answer