Compound Interest Questions With Explanation

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

A. Rs. 610

B. Rs. 612

C. Rs. 614

D. 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.

A. Rs. 8510

B. Rs. 8620

C. Rs. 8730

D. Rs. 8820

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

A. Rs 10123.20

B. Rs 10123.30

C. Rs 10123.40

D. 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.

A. Rs 662

B. Rs 662.01

C. Rs 662.02

D. Rs 662.03

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

A. Rs 312

B. Rs 412

C. Rs 512

D. Rs 612

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

A. Rs 2520

B. Rs 2521

C. Rs 2522

D. Rs 2523

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

A. Rs 155.25

B. Rs 156.25

C. Rs 157.25

D. 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

A. 3%

B. 4%

C. 5%

D. 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

A. 4 years

B. 5 years

C. 6 years

D. 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

A. Rs 1650

B. Rs 1750

C. Rs 1850

D. Rs 1950