Q1
Q1 Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
6060
8788
8800
8820
Q2
Q2 What is the compound interest on Rs. 5,000 for 1 1/2years at 4 percent per annum according as the interest is compounded yearly?
304
307
308
309
Q3
Q3 The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
6.06%
6.07%
6.08%
6.09%
Q4
Q4 At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
6%
6.50%
7%
7.50%
Q5
Q5 The principal amount that becomes Rs. 4913 in 3 years at interest rate of 25/4% per annum when interest is compounded annually is:
4306
4396
4096
4809
Q6
Q6 At what percent annum will Rs. 3,000 amount to Rs. 3,993 in 3 years if the interest is compounded annually?
6%
10%
8%
12%
Q7
Q7 What is the difference between compound interest and simple interest on Rs. 5,000 for 2 years at 4 per cent per annum according as the interest is compounded yearly?
Rs.2.04
Rs.3.06
Rs.4.80
Rs.8.30
Q8
Q8 The difference between the compound interest and simple interest on certain sum at 10% per annum for 2 years is Rs. 631. What is the sum?
63100
56000
42160
68000
Q9
Q9 The simple interest on certain sum for 2 years is Rs.160 and compound interest at same rate of interest is Rs.168. What is the sum & Rate of interest?
1000,11%
800,10%
1600,8%
1200,12.5%
Q10
Q10 A person lent out a certain sum on simple interest and the same sum on compound interest at a certain rate of interest per annum. He noticed that the ratio between the difference of compound interest and simple interest of 3 years and that of 2 years is 25 : 8. The rate of interest per annum is
11.50%
10%
8%
12.50%
Practice Compound Interest Questions & Answers
The more questions a candidate answers, the better their understanding of the Compound Interest concepts and their ability to answer quickly and accurately.
Importance: Medium
Difficulty level: 3 out of 5 (Normal)
Examination- SSC, Banking, GMAT, GRE, SAT, CAT, etc.
Parent section: Quantitative Aptitude
Why Choose Us for Practicing Compound Interest Problems?
The following are the reasons to choose our platform for practicing the Compound Interest problems:
1. One Stop Solution
With our platform, students can fully comprehend the Compound Interest topic by practicing problems in addition to learning Compound Interest formulas, concepts, tips, and shortcuts.
2. User Interface
Students can practice Compound Interest problems in an effortless way using our platform. We provide an explanation, a forum to discuss your doubts, and a variety of other features.
3. Curated by Experts
Our industry experts and teachers have simplified complex Compound Interest concepts and equations into easy-to-understand bytes for students. Students can easily understand the concepts and apply their knowledge by practicing problems.
4. Regularly updated
We keep a close eye on the latest competitive examination patterns and follow the most up-to-date syllabus, so the Compound Interest practice questions are regularly revised.
5. Completely Free
We encourage students to be entirely focused on their Compound Interest topic preparation. Therefore we don't charge any fees, and the entire platform is free to use. Students can practice Quantitative Aptitude questions completely free.