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Compound interest Practice Questions & Answers

24 vote

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?

Asked on by | Votes 24

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?
1). 7,5%
2). 7%
3). 6%
4). 7%

0 vote

At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years?

Asked on by | Votes 0

At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years?
1). 11
2). 10
3). 9
4). 12

0 vote

If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?

Asked on by | Votes 0

If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?
1). 16000
2). 15000
3). 17000
4). 18000

91 vote

The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)?

Asked on by | Votes 91

The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)?
1). 64000
2). 60000
3). 56000
4). 52000

0 vote

If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?

Asked on by | Votes 0

If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?
1). 1452
2). 1320
3). 15520
4). 1420