Formula for Amount (Rate Compounded Annually)

Q.

The amount on ₹ 10, 800 for 3 years at $12\frac{1}{2}\%$ per annum, compounded annually is

1. ₹ 15, 157 (approx)

2. ₹ 15, 489 (approx)

3. ₹ 15, 250 (approx)

4. ₹ 15, 377 (approx)

Q.

Fabina borrows ₹12, 500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?

1. Radha pays ₹362.50 more than Fabina.

2. Fabina pays ₹482.50 more than Radha.

3. Fabina pays ₹362.50 more than Radha.

4. Radha pays ₹482.50 more than Fabina.

Q.

A sum of money doubles itself in $3$ years at CI, when the interest is compounded annually.In how many years will the sum amount to $16$ times of itself?

1. $16$ years

2. $12$ years

3. $6$ years

4. $8$ years

Q.

I borrowed ₹ 12, 000 from Jamshed at 6% per annum simple interest for 2 years. Had I borrowed this sum at 6% per annum compound interest, what extra amount would I have to pay?

1. ₹ 483.20

2. ₹ 423.20

3. ₹ 43.20

4. ₹ 48.20

Q. Sandeep deposited ₹ 25000 in a bank which pays 8% interest compounded annually. How much wourld he get back after two years?

1. ₹ 27160
2. ₹ 25620
3. ₹ 29160
4. ₹ 32560

Q. If the difference between simple interest and compound interest on a sum invested for 2 years at 25% per annum is ₹200, then the sum invested is .

1. ₹3200
2. ₹2873
3. ₹4200
4. ₹1900

Q.

What will be the compound interest on a sum of ₹7500 at 4% per annum for a period of 2 years, compounded annually?

1. ₹641

2. ₹612

3. ₹650

4. ₹652

Q.

Compound interest on ₹ 9, 900 for 2 years at 15% per annum, compounded annually is

1. ₹ 3, 192.75

2. ₹ 3, 199.75

3. ₹ 4, 001.75

4. ₹ 3, 187.75

Q.

If ₹ 1000 amounts to ₹ 1166.4 in two years compounded annually, then the rate of interest per annum is 12%.

1. False

2. True

Q.

Ramesh invests ₹12800 for three years at the rate of 10% per annum compound interest. Find the sum due to Ramesh at the end of the first year.

1. ₹15060

2. ₹14000

3. ₹14080

4. ₹13090

Q.

Kamala borrowed ₹26, 400 from a bank to buy a scooter at a rate of 15% interest p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?

1. ₹36659.70

2. ₹46659.70

3. ₹36660

4. ₹37545

Q.

Arif took a loan of ₹80, 000 from a bank. If the rate of interest is 10% per annum, find the amount he would be paying after $1\frac{1}{2}$ years if the interest is compounded annually.

1. ₹88, 000

2. ₹96750

3. ₹98, 760

4. ₹92, 400

Q.

Find the compound interest on ₹ 12600 for 2 years at $10\%$ per annum compounded annually.

1. ₹ 2546

2. ₹ 2466

3. ₹ 2656

4. ₹ 2646

Q. Amount the person receives on depositing ₹ 6, 500 for 2 years at 10% per annum compounded annually is ________.

1. $A=6,500{[1+\frac{10}{100}]}^2$
2. $A=6,500{[1+\frac{10}{100}]}^3$
3. $A=6,500{[1+\frac{20}{100}]}^2$
4. $A=6,500[\frac{10}{100}{]}^2$

Q.

Maria invested ₹8, 000 in a business. She would be paid interest at 5% per annum compounded annually. Find the interest for the third year.

1. ₹452

2. ₹441

3. ₹428

4. ₹448

Q. Find the compound interest on Rs 12600 for 2 years at $10\%$ per annum compounded annually. $\left[2Marks\right]$

Q.

If ₹500 amounts to ₹583.20 in two years compounded annually, find the rate of interest per annum.

1. 10%

2. 9%

3. 8%

4. 7%

Q.

A sum of ₹10, 000 is borrowed at an interest rate of 7% compounded annualy, then the interest for the fourth year is_______.

1. ₹882.53

2. ₹895.53

3. ₹899.53

4. ₹857.53

Q.

Find the CI on ₹20, 000 for 3 years at 10% per annum compounded annually.

1. ₹6, 620

2. ₹26, 620

3. ₹26, 000​

4. ₹6, 000

Q.

Kamala borrowed ₹ 26, 400 from a bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?

1. ₹ 34, 659.70

2. ₹ 38, 659.70

3. ₹ 40, 659.70

4. ₹ 36, 659.70

Q. If Harsha borrowed ₹ 15000 from a bank to buy a scooter at a rate of 25% per annum compounded yearly, then the amount he pays after 3 years will be

1. ₹ 29, 296.87
2. ₹ 28, 497.60
3. ₹ 32, 421.10