Latest Compound interest questions and answers for competitive exams 2022
In this article, we provided the Compound Interest Question Answer 2022. The Compound Interest questions and answers are mostly asked in all competitive exams. Eg:- Union Public Service Commission, State Public Service Commission, Staff Selection Commission, Railway Recruitment Board, etc. In this, questions related to the Compound Interest Question and Answer are asked.
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compound interest questions
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compound interest questions and answers pdf
11. What is the principal amount which earns Rs.132 as compound interest for the second year at 10% per annum?
(A) Rs.900
(B) Rs.1150
(C) Rs.1200
(D) Rs.1250
12. Ram invested an amount of 15000 in amount of 15000 in a fixed deposit for 2 years at compound interest rate of 6% per annum. How much ram will get on the maturity of the fixed deposit?
(A) Rs.16854
(B) Rs.16000
(C) Rs.17000
(D) Rs.17500
13. If Rs 15000 amounts to Rs 16224 in 2 years compounded annually, find the rate of interest per annum.
(A) 3%
(B) 4%
(C) 5%
(D) 6%
14. If Rs.1301 divide between A and B in such a way, so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compounded at 4% per annum. Then what will be the share of A.
(A) Rs.500
(B) Rs.550
(C) Rs.676
(D) Rs.600
15. What will be the difference between simple and compound interest at 10% per annum on a sum of Rs.1000 after 4 years?
(A) Rs.31
(B) Rs.32.10
(C) Rs.40.40
(D) Rs.64.10
Compound interest question answer
16. In how many years will a sum of Rs 800 at 10% per annum compounded semi annually becomes Rs.926.10?
(A) 1 year 6 month
(B) 1 year 6 month
(C) 2 years
(D) 1 years
17. The compound interest on a certain sum for 2 years at 10% per annum is Rs.525. the simple interest on the same sum for double the time at half the rate percent per annum is:
(A) Rs.400
(B) Rs.500
(C) Rs.600
(D) Rs.800
18. The difference between compound interest and simple interest on an amount of Rs 15000 for 2 years is Rs.96. what is the rate of interest per annum?
(A) 8%
(B) 6%
(C) 5%
(D) 4%
19. On a sum of money the simple interest for 2 years is Rs.660, while compound interest is Rs 696.30, the rate of interest being the same in both the cases. The rate of interest is:
(A) 10%
(B) 10.5%
(C) 12%
(D) 11%
20. A sum of money invested at compound interest amounts to Rs 800 in 3 years and to Rs 840 in 4 years. The rate of interest per annum is:
(A) 25/4%
(B) 10%
(C) 25/2%
(D) 8%
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