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
1. Find compound interest on Rs. 8000 at 5 % per annum for 3 years, compounded annually.
(A) Rs. 1250
(B) Rs. 1261
(C) Rs. 1200
(D) Rs. 1150
2. Find the compound interest on Rs. 15000 in 3 years at 5 % per annum, the interest being compounded half yearly?
(A) Rs. 2300
(B) Rs. 2250
(C) Rs. 2395.40
(D) Rs. 2295.40
3. Find the compound interest on Rs. 20000 at 8 % per annum for 9 months compounded annually.
(A) Rs. 1200
(B) Rs. 1224
(C) Rs. 1250
(D) Rs. 1150
4. If Rs. 500 amounts to Rs. 583.2 in 2 years compounded annually, find the rate of interest per annum?
(A) 5 %
(B) 8 %
(C) 10 %
(D) 4 %
5. If the simple interest on a sum of money at 4 % per annum for 2 years is Rs. 400, find the compound interest on the same sum for the same period at the same rate.
(A) Rs. 400
(B) Rs. 408
(C) Rs. 450
(D) Rs. 500
Compound interest question answer
6. In what time will Rs.7500 become Rs.8112 at rate of 4 % per annum compounded annually?
(A) 2 Years
(B) 3 Years
(C) 2.5 Years
(D) 3.5 Years
7. If Rs.10000 has been lent out at 10 % rate of interest for 3 years, the interest being compounded annually, what is the interest for the third year?
(A) Rs. 1100
(B) Rs. 1150
(C) Rs. 1210
(D) Rs. 1250
8. The difference between simple interest and compound interest on Rs.1200 for one year at 10 % per annum reckoned half yearly is :
(A) Rs. 2.5
(B) Rs. 3.75
(C) Rs. 3
(D) Rs. 4
9. The compound interest on Rs.30000 at 7 % per annum is Rs.4347. The period (in years) is :
(A) 2 Years
(B) 2.5 Years
(C) 3 Years
(D) 4 Years
10. A certain sum amounts to Rs.7350 in 2 years and Rs.8575 in 3 years. Find the sum.
(A) Rs. 5500
(B) Rs. 5400
(C) Rs. 5300
(D) Rs. 5200
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