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Compound Interest Level 2
Q1–10 of 50
1

The state bank of india lends a certain amount of money to a Mohan at a simple interest at the rate of 3% p.a. Mohan again lends the same amount to another person at the rate of 6% p.a compounded half yearly. If he gets a profit of ₹618 then find out the sum borrowed by Mohan.

Correct Answer: B. ₹20000
Explanation: No explanation available.
2

Principal amount is ₹8000 which is invested at rate of interest 10% per annum compounded half-yearly. What will be the compound interest at end of 6 months?

Correct Answer: D. ₹400
Explanation: No explanation available.
3

What will be the total amount payable on a sum of ₹12,500 after two years at the rate of 10% per annum if the interest is compounded annually?

Correct Answer: B. ₹15,125
Explanation: No explanation available.
4

A man invested some money in the bank at the rate of 20% compounded annually and after 2 years received interest as ₹6600. If the man invested double of the principal in another scheme at the rate of 10% compounded annually for 2 years then find the compound interest earned by him in the second scheme.

Correct Answer: A. ₹6300
Explanation: No explanation available.
5

Ram and Dipti each invested a sum of ₹8000 for a period of two years at 30% compound interest per annum. However, while for Ram the interest was compounded annually, for Dipti it was compounded every eight months. How much more will Dipti receive as interest compared to Ram at the end of the two-year period?

Correct Answer: C. ₹304
Explanation: No explanation available.
6

₹25,000 is borrowed at compound interest at the rate of 3% for first year, 4% for second year and 5% for third year. Find amount to be paid after 3 years.

Correct Answer: D. ₹28,119
Explanation: No explanation available.
7

Suppose Ram and Shyam have ₹1000 each. Ram deposits his money in a bank with a simple interest of 10% while Shyam does the same with a compound interest of 10%. If interests are computed annually, the difference between their withdrawal amounts after four years (rounded off to the nearest integer) would be:

Correct Answer: B. ₹64
Explanation: No explanation available.
8

A man saves ₹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?

Correct Answer: C. ₹662.02
Explanation: No explanation available.
9

If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of ₹10000 for 3 years will be:

Correct Answer: A. ₹1575.20
Explanation: No explanation available.
10

What will be the compound interest accrued on an amount of ₹10000 @ 20 p.c.p.a. in 2 years if the interest is compounded half-yearly?

Correct Answer: C. ₹4641
Explanation: No explanation available.
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