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September 1, 2014
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Compound interest
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Compound Interest Quiz 2
1. If Rs.500 amount to Rs. 583.20 in two years compounded annually,the rate of interest per annum is
A. 8%
B. 5%
C. 10%
D. 20%
2. The difference between simple and compound interest on a certain sum for 2 years at 4% per annum is Rs. 25.Find the sum?
A. Rs. 12,000
B. Rs.9,000
C. Rs. 10,000
D. Rs.8,500
3. A sum of money is invested at compound interest payable annually.The interest in two successive years is Rs.250 and Rs. 263.50.The rate of rate interest charged is
A. 10%
B. 6%
C. 20%
D. 5 1/3%
4. Find the compound interest on Rs.6,250 at rate of 8% per annum for 2 years.
A. Rs.1,266.24
B. Rs.1245.78
C. Rs.1098
D. Rs.1345.89
5. A sum of money yields a compound interest Rs.200 and Rs.220 at the end of the first and second year respectively.The rate percent is
A. 15
B. 10
C. 5
D. 20
6. The difference between compound interest compounded annually and simple interest on Rs.500 in a year at 10% per annum is
A. Rs.20
B. Rs.10
C. Rs.1
D. nil
7. If a sum of compounded interest becomes Rs.16,900 in 2 years and Rs. 17,576 in 3 years then find the rate of interest?
A. 6%
B. 4%
C. 12%
D. 15%
8. The first year's interest on a sum of money lent at 8% compound interest is Rs.48.The second year's interest is
A. Rs. 45.98
B. Rs. 23.78
C. Rs.25.78
D. Rs.51.84
9. If the compound interest on a certain sum for 2 years at 4% per annum is Rs.9,972,the simple interest on the same sum for same time and at the same rate of interest is
A. Rs.96
B. Rs.35
C. Rs. 48
D. Rs.70
10. The compound interest on Rs.200 for 3 years at 10% per annum,amount to
A. Rs.665
B. Rs.662
C. Rs.782
D. Rs.600
11. If the amount for a fixed principal after 3 and 2 years at a certain rate of compound interest are in the ratio of 21.20,then the rate of rate interest is
A. 3%
B. 7%
C. 5%
D. 10%
12. A gift is brought for Rs. 200 and sold the same day for Rs.242 at a credit of 2 years.If the rate of interest is 10% compounded annually then there is
A. A gain of 1%
B. no change
C. A loss of 1%
D. A gain of 2%
13. The difference between simple and compound interest on a certain sum of money for 3 years at 10% per annum is Rs. 15.50.The sum is
A. Rs.300
B. Rs.400
C. Rs.600
D. Rs.500
14. A money lender lends Rs.2,000 for 6 months at 20% per annum compound interest,the interest being calculated quarterly.After the due period,how much money(in Rs.) will he get?
A. Rs.2,205
B. Rs.2,400
C. Rs. 2,350
D. Rs.2,300
15. A sum of money becomes double in 3 years at compound interest,compounded annually.It will become 4 times of itself in
A. 4 years
B. 6 years
C.7 years
D. 10 years
Related posts:
Compound Interest Quiz 1
Simple Interest Quiz 1
Simple Interest Quiz 2
Filed Under:
Compound interest
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