Sample QuestionsCompound Interest questions
One sample from each question group in this chapter. Select any group above to see the full set with answer keys.
Tick $(\checkmark)$ the correct answer in the following: If the compound interest on a sum for $2$ years at $12\frac{1}{2}\%$ per annum is $Rs. 510,$ the simple interest on the same sum at the same rate for the same period of time is.
- A
$Rs. 400$
- B
$Rs. 450$
- C
$Rs. 460$
- ✓
$Rs. 480$
Answer: D.
View full solution →Tick $(\checkmark)$ the correct answer in the following: A sum of $Rs. 25000$ was given as loan on compound interest for $3$ years compounded annually at $5\%$ per annum during the first year, $6\%$ per annum during the second year and $8\%$ per annum during the third year. The compound interest is.
- A
$Rs. 5035$
- ✓
$Rs. 5051$
- C
$Rs. 5072$
- D
$Rs. 5150$
Answer: B.
View full solution →Tick $(\checkmark)$ the correct answer in the following: The compound interest on $Rs. 6250$ at $8\%$ per annum for $1$ year, compounded half yearly, is.
- A
$Rs. 500$
- ✓
$Rs. 510$
- C
$Rs. 550$
- D
$Rs. 512.50$
Answer: B.
View full solution →If the compound interest on a certain sum for $2$ years at $10\%$ per annum is $Rs.1050,$ the sum is:
- A
$Rs. 3000$
- B
$Rs. 4000$
- ✓
$Rs. 5000$
- D
$Rs. 6000$
Answer: C.
View full solution →Tick $(\checkmark)$ the correct answer in the following: At what rate percent per annum will a sum of $Rs. 7500$ amount to $Rs. 8427$ in $2$ years, compounded annually$?$
Answer: C.
View full solution →Three years ago, Beeru purchased a buffalo from Surjeet for $Rs. 11000.$ What payment will discharge his debt now, the rate of interest being $10\%$ per annum, compounded annually$?$
View full solution →A sum of money amounts to $Rs. 10240$ in $2$ years at $6\frac{2}{3}\%$ per annum, compounded annually. Find the sum.
View full solution →Three years ago, the population of a town was $50000.$ If the annual increase during three successive years be at the rate of $5\%, 4\%$ and $3\%$ respectively, what is its present population$?$
View full solution →A car is purchased for $Rs. 348000.$ Its value depreciates at $10\%$ per annum during the first year and at $20\%$ per annum during the second year. What will be its value after $2$ years$?$
View full solution →By using the formula, find the amount and compound interest on. $Rs. 62500$ for $2$ years $6$ months at $12\%$ per annum compounded annually.
View full solution →The difference between the compound interest and the simple interest on a certain sum for $3$ years at $10\%$ per annum is $Rs. 93.$ Find the sum.
View full solution →Neeraj lent $Rs. 65536$ for $2$ years at $12\frac{1}{2}\%$ per annum, compounded annually. How much more could he earn if the interest were compounded half-yearly$?$
View full solution →Find the amount and the compound interest on $Rs. 3000$ for $2$ years at $10\%$ per annum.
View full solution →Find the amount and the compound interest on $Rs. 31250$ for $1\frac{1}{2}$ years at $8\%$ per annum, compounded half-yearly.
View full solution →Manoj deposited a sum of $Rs. 64000$ in a post office for $3$ years, compounded annually at $7\frac{1}{2}\%$ per annum. What amount will he get on maturity$?$
View full solution →If the value of a machine is $Rs. P$ and it depreciates at $R\%$ per annum, then its value after $2$ years is _____.
View full solution → Fill in the blanks:
(Amount) - (Principal) = _______.
The compound interest on $Rs.5000$ at $10\%$ per annum for $2$ years is:
- A
$Rs. 550$
- ✓
$Rs. 1050$
- C
$Rs. 950$
- D
$Rs. 825$
Answer: B.
View full solution →If the population $P$ of a town increases at $R\%$ per annum, then its population after $5$ years is ______.
View full solution →Fill in the blanks: $\text{A}=\text{P}\Big(1+\frac{}{100}\Big)^\text{n}.$
View full solution →