Compound Interest

Q. Find the rate of interest if the difference between C.I and S.I on ₹ 8000 compounded annually for 2 years is ₹ 20.

1. 10%
2. 5%
3. 9%
4. 11%

Q. Find the principal if the difference between C.I and S.I on it at 15% p.a for 3 years is ₹ 1134.

1. ₹ 20000
2. ₹ 22000
3. ₹ 16000
4. ₹ 18000

Q.

Find the difference between compound interest and simple interest on an amount of ₹ 15, 000 for 2 years at 8 % per annum.

1. ₹ 86

2. ₹ 46

3. ₹ 96

4. ₹ 1296

Q.

Find the amount and compound interest on ₹ 1600 for 2 years at the rate of 5% per annum.

1. (i) ₹ 1764 (ii) ₹ 164

2. (i) ₹ 1674 (ii) ₹ 174

3. (i) ₹ 1774 (ii) ₹ 104

4. (i) ₹ 1467 (ii) ₹ 184

Q.

Calculate the amount and compound interest on ₹10000 for 9 months at 4, ℅ per annum compounded quarterly

Q. Find the number of years for which the compound interest of ₹9000 is ₹1890, at the rate of 10 % per annum.

1. 2
2. 4
3. 3
4. 1

Q. Find the compound interest on ₹ 3200 at 2.5% p.a for 2 years, compounded annually.

1. ₹ 162
2. ₹ 170
3. ₹ 186
4. ₹ 194

Q. The difference between simple interest and compound interest for a certain sum of money at 8%p.a for 1½ years , when interest is compounded half yearly is ₹ 228 . Find the sum.

Q. Which of the following relation between C.I and S.I can be true if same amount of money is invested for same time period

1. C.I > S.I
2. C.I = S.I
3. C.I < S.I
4. None of the above

Q. Find the difference between S.I. and C.I. on Rs. 50, 000 at 5 p.c.p.a. at the end of 2 years.

1. Rs. 150
2. Rs. 125
3. Rs. 250
4. Rs. 200

Q. Ramesh invested ₹ 50, 000 in a stock market for 2 years at rate of 10 p.c.p.a at compound interest .What amount Ramesh will receive from stock market at the end of 2 years?

1. Rs 61, 500
2. Rs 62, 500
3. Rs 60, 000
4. Rs 60, 500

Q. What is the compound interest on ₹ 25000 in 2 years at the rate of 15 p.c.p.a?

1. Rs 8063.5
2. Rs 8062.9
3. Rs 8062.5
4. Rs 8060.5

Q. If a sum of ₹ 16000 is invested at a compound rate of 10 p.c.p.a for two years, find the amount received.

1. Rs 19, 360
2. Rs 19, 400
3. Rs 19, 380
4. Rs 19, 450

Q.

Find the sum invested if the difference between S.I.and C.I. on a sum for 2 years at $8\%$ per annum is ₹160.

1. ₹25, 500

2. ₹25, 400

3. ₹26, 000

4. ₹25, 000

Q. If ₹ 13000 is invested at a compound interest of 10%, what amount you will receive after 2 years ?

1. ₹15, 630
2. ₹ 16, 730
3. ₹17, 730
4. ₹15, 730

Q.

The value of machinery is ₹10000. The value is depreciating by 15% every year. What will be the value of the machinery after 2 years?

1. ₹9225

2. ₹5225

3. ₹8225

4. ₹7225

Q.

₹ 4000 amount to ₹ 5000 in 8 years. In what time will ₹ 1600 amount to ₹ 2400 at the same rate?

1. 12 years

2. 10 years

3. 16 years

4. 20 years

Q. Mahima won a cash prize of ₹ 1500 for standing first in a race .She invested that amount as a term deposit in a bank for 2 years at a rate of compound interest of 8 p.c.p.a. What amount she will recieve from the bank at the end of the term?

1. ₹ 1749.60
2. ₹ 1780.30
3. ₹ 1750.20
4. ₹ 1762.80

Q. Find the amount after 2 years on a principal of ₹ 68, 000 if the rate of compound interest is $12\frac{1}{2}$ p.c.p.a.

1. Rs 86063.5
2. Rs 86062.5
3. Rs 87062.5
4. Rs 88062.5

Q.

Calculate the time period on $Rs6000$ to earn $Rs8250$ at an interest of $15\%quarterly.$

Q.

Question 3

The compound interest on Rs 50000 at 4% per annum for 2 yr compounded annually is
(a) Rs 4000
(b) Rs 4080
(c) Rs 4280
(d) Rs 4050

Q.

A picnic is being planned in a school for Class $VII.$Girls are $60\%$ of the total number of students and are$18$ in number. The picnic site is $55km$from the school and the transport company is charging at the rate of $Rs12perkm.$ The total cost of refreshments will be $Rs4280$. Find If their first stop is at a place $22km$ from the school, what percent of the total distance of $55km$ is this? What percent of the distance is left to be covered?

Q.

Question 8

Ashima took a loan of Rs 100000 at 12% per annum compounded half-yearly. She paid Rs 112360. If $(1.06{)}^2$ is equal to 1.1236, then the period for which she took the Loan is
(a) 2 yr
(b) 1 yr
(c) 6 months
(d)$1\frac{1}{2}yr$

Q. In order to buy a bike Mohan borrowed ₹ 48, 000 from his friend at compounded annually at a rate of interest of 10 % for 2 years .What is the amount that Mohan must pay back to his friend at the end of two years?

1. Rs 58, 090
2. Rs 58, 000
3. Rs 58, 050
4. Rs 58080

Q. Find the compound interest on ₹ 21000 in 2 years at the rate of 12 p.c.p.a.

1. Rs 5342.4
2. Rs 5462.4
3. Rs 5442.5
4. Rs 5243.8

Q.

A principal of ₹ 40, 000 is compounded annually at the rate of 10% for 2 years. What is the compound interest and is it greater than the simple interest for the same rate and the same time?

1. 4800 , Yes

2. Rs 7000, no

3. Rs 8400 , Yes

4. No

Q.

Number of cookie boxes sold by Riya is:

1. 30

2. 40

3. 45

4. 35

Q. Interest obtained on a sum of ₹5000 for 3 years is ₹1500. Then what is the rate of interest?

1. 6%
2. 8%
3. 10%
4. 12%

Q. What is the compound interest on ₹ 2000 for 9 months at 8% per annum being given when the interest is reckoned quarterly?

Q.

When will ₹ 1600 amount to ₹ 1764 at 5 percent C.I ?

1. After 1 year

2. After 3 years

3. After 2 years

4. After 24 months