Compound Interest – Aptitude Questions And Answers

Dear Contenders who are getting prepare for the competitive examinations they can utilize this golden opportunity to practice the “Compound Interest” Questions And Answers which are given with a brief explanation. So do study these Questions which will be helpful for all entrance tests.

Compound Interest – Aptitude Questions And Answers

1. What is the difference between the compound interests on Rs. 5000 for 11/2 years at 4% per annum compounded yearly and half-yearly?
 
 
 
 

2. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
 
 
 
 

3. There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest of 80% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 14,000 after 3 years at the same rate?
 
 
 
 

4. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
 
 
 
 

5. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum is:
 
 
 
 

6. A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is
 
 
 
 

7. A sum of money amounts to Rs.6690 after 3 years and to Rs.10,035 after 6 years on compound interest.find the sum.
 
 
 
 

8. What is the rate of interest p.c.p.a.?
I. An amount doubles itself in 5 years on simple interest.
II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.
III. Simple interest earned per annum is Rs. 2000
 
 
 
 

9. Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually
 
 
 
 

10. What annual payment will discharge a debt of Rs.7620 due in 3years at 16 2/3 % per annum interest?
 
 
 
 

11. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount
he would have gained by way of interest is:
 
 
 
 

12. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
 
 
 
 

13. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?
 
 
 
 

14. What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
 
 
 
 

15. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
 
 
 
 

16. Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?C.I is reckoned yearly?
 
 
 
 

17. If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is?
 
 
 
 

18. Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.
 
 
 
 

19. Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?
 
 
 
 

20. At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?
 
 
 
 


 

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