COMPOUND INTEREST

Compound Interest Fully solved questions with complete explanation for written test, interview, competitive exams and entrance test. This section is very useful for those who are preparing for competitive exams such as Written test of IT companies,Bank Exams, CAT Exams, GATE Exams, Railway Exams, SSC, UPSC, Defence and many more.

Q. If the difference between Simple Interest and Compound Interest on a certain sum of money is Rs. 72 at 12 percent per annum for 2 years, then find the amount

  • A) 6000
  • B) 7200
  • C) 5500
  • D) 6500
Q. if a certain sum of money invested at a certain rate of compound interest doubles in 5 years. in how many years will it becomes 4 times

  • A) 5
  • B) 11
  • C) 10
  • D) 8
Q. find the compound interest on Rs.50000 at 16% per annum for 2 yrs, compounded anually

  • A) 17280
  • B) 17000
  • C) 17500
  • D) 17300
Q. a sum is invested at compounded interest payable anually. the interest in two successive years was Rs. 500 and Rs 540. the sum is

  • A) 6000
  • B) 6300
  • C) 6250
  • D) 6500
Q. Rs.800 at 5% per annum compound interest will amount to Rs. 882 in how much time.

  • A) 3
  • B) 2
  • C) 4
  • D) 1
Q. A sum amounts to Rs.2916 in 2 years and to Rs.3149.28 in 3 years at compound interest.the sum is

  • A) Rs.1500
  • B) Rs.2000
  • C) Rs.2500
  • D) Rs.3000
Q. The present worth is of a Rs.5324 due 3 years hence at 10% per annum compound interest is

  • A) 4000
  • B) 4096
  • C) 2500
  • D) 4396
Q. The differnce between the compound interest and simple interest on a certain sum of money at 10% per annum for 2 years is Rs.46.Find the sum

  • A) 5000
  • B) 4500
  • C) 4600
  • D) 4000
Q. The compound interest on a Rs.20480 at 20% per annum for 2 years 73 days

  • A) 9000
  • B) 10190
  • C) 8452
  • D) 9600
Q. Find the compound interest on Rs.1600 at 12½% per annum foe 2 years.

  • A) 240
  • B) 250
  • C) 320
  • D) 425
Today's Challenging Question
Q. Ajay & Bimal can do a price of work in 10 days, Bimal & Chetan can do in 15 days and Chetan and Ajay in 20 days. They work together for 6 days and then Ajay leaves and now Bimal & Chetan work together for 4 more days. If Bimal leaves, how long will Chetan take to finish the work?
A) 12 days
B) 10 days
C) 16 days
D) none
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