Compound Interest Questions Answers Online Quiz Test

• 1. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

  1. Rs. 610
  2. Rs. 612
  3. Rs. 614
  4. Rs. 616

• 2. Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit.

  1. Rs. 8510
  2. Rs. 8620
  3. Rs. 8730
  4. Rs. 8820

• 3. What will be the compound interest on Rs. 25000 after 3 years at the rate of 12 % per annum

  1. Rs 10123.20
  2. Rs 10123.30
  3. Rs 10123.40
  4. Rs 10123.50

• 4. A man saves Rs 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years.

  1. Rs 662
  2. Rs 662.01
  3. Rs 662.02
  4. Rs 662.03

• 5. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

  1. Rs 312
  2. Rs 412
  3. Rs 512
  4. Rs 612

• 6. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly

  1. Rs 2520
  2. Rs 2521
  3. Rs 2522
  4. Rs 2523

• 7. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

  1. Rs 155.25
  2. Rs 156.25
  3. Rs 157.25
  4. Rs 158.25

• 8. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years

  1. 3%
  2. 4%
  3. 5%
  4. 6%

• 9. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is

  1. 4 years
  2. 5 years
  3. 6 years
  4. 7 years

• 10. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is

  1. Rs 1650
  2. Rs 1750
  3. Rs 1850
  4. Rs 1950

• 11. In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually

  1. 2 Years
  2. 3 Years
  3. 4 Years
  4. 5 Years

• 12. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values

  1. Rs.51.75
  2. Rs 51.50
  3. Rs 51.25
  4. Rs 51

• 13. What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years

  1. Rs 62.10
  2. Rs 63.10
  3. Rs 64.10
  4. Rs 65.10

• 14. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs 1. Find the sum

  1. Rs 600
  2. Rs 625
  3. Rs 650
  4. Rs 675

• 15. On a sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases.

  1. 8%
  2. 9%
  3. 10%
  4. 11%

• 16. Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will be

  1. 6.09%
  2. 6.10%
  3. 6.12%
  4. 6.14%

• 17. A sum of money invested at compound interest to Rs. 800 in 3 years and to Rs 840 in 4 years. The rate on interest per annum is.

  1. 4%
  2. 5%
  3. 6%
  4. 7%

• 18. We need to divide Total Sum Rs. 3364 between Ram and Sham so that Ram's share at the end of 5 years may equal to Sham's share at the end of seven years with compound interest rate at 5 percent.

  1. 1864 and 1500
  2. 1764 and 1600
  3. 1664 and 1700
  4. 1564 and 1800