Compound Interest Questions and Answers updated daily – Aptitude
15 Compound Interest Questions and answers section with explanation for various online exam preparation, various interviews, Aptitude Compound Interest online test. Compound Interest Questions with detailed description, explanation will help you to master the topic.
Compound Interest Questions
1. On a sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases
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Correct Ans:11%
Explanation:
2. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs 1. Find the sum
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Correct Ans:Rs 625
Explanation:
3. What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years
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Correct Ans:Rs 64.10
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4. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values
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Correct Ans:Rs 51.25
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5. In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually
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Correct Ans:3 Years
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6. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is
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Correct Ans:Rs 1750
Explanation:
7. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is
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Correct Ans:4 years
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8. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years
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Correct Ans:6%
Explanation:
9. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is
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Correct Ans:Rs 156.25
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10. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly
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Correct Ans:Rs 2522
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11. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually
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Correct Ans:Rs 612
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12. A man saves Rs 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years.
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Correct Ans:Rs 662.02
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13. What will be the compound interest on Rs. 25000 after 3 years at the rate of 12 % per annum
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Correct Ans:Rs 10123.20
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14. Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit.
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Correct Ans:Rs. 8820
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15. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.
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Correct Ans:Rs. 612
Explanation: