Compound Interest solve Exercise - 1 for Bank PO, Clerk , SSC, UPSC ,GPSC , SBI , IBPS
Q1. If the compound interest on a certain sum for 2 years at 4% p.a. is Rs. 102, the simple interest at the same rate of interest for
two years would be:
(a) Rs. 200
(b) Rs. 50
(c) Rs. 150
(d) Rs. 100
Q2. On what sum does the difference between the compound interest and the simple interest for 3 years at 10% is Rs. 31?
(a) Rs. 1500
(b) Rs. 1200
(c) Rs. 1100
(d) Rs. 1000
Q3. A sum of money at compound interest double itself in 15 years. It will become eight times of itself in
(a) 45 years
(b) 48 years
(c) 54 years
(d) 60 years
Q4. If the amount is 2.25 times of the sum after 2 years at compound interest (compound annually), the rate of interest per annum is:
(a) 25%
(b) 30%
(c) 45%
(d) 50%
Q5.At what percent per annum will Rs. 3000 amounts to Rs. 3993 in 3 years if the interest is compounded annually?
(a) 9%
(b) 10%
(c) 11%
(d) 13%
Q6. In how many years will Rs. 2,000 amounts to Rs. 2,420 at 10% per annum amount interest?
(a) 3 years
(b) 2 (1/2) years
(c) 2 years
(d) 1 (1/2) years
Q7. If the difference between the compound interest, compounded every six months, and the simple interest on a certain
sum of money at the rate of 12% per annum for one year is Rs. 36, the sum is:
(a) Rs. 10,000
(b) Rs. 12,000
(c) Rs. 15,000
(d) Rs. 9,000
Q8. A builder borrows Rs. 2550 to be paid back with compound interest at the rate of 4% per annum by the end of
2 years in two equal yearly installments. How much will each installment be?
(a) Rs. 1352
(b) Rs. 1377
(c) Rs. 1275
(d) Rs. 1283
Q9. The difference between the simple and compound interest on a certain sum of money at 5% rate of interest
per annum for 2 years is Rs. 15. Then the sum is:
(a) Rs. 6,500
(b) Rs. 5,500
(c) Rs. 6,000
(d) Rs. 7,000
Q10. If the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three years is Rs. 36.60, then the sum is:
(a) Rs. 8000
(b) Rs. 8400
(c) Rs. 4400
(d) Rs. 4800
Q11. A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest in:
(a) 18 years
(b) 12 years
(c) 16 years
(d) 24 years
Q12. A sum borrowed under compound interest doubles itself in 10 years. When will it become fourfold of itself at the same rate of interest?
(a) 15 years
(b) 20 years
(c) 24 years
(d) 40 years
Q13. A sum of money invested at compound interest doubles itself in 6 years. At the same rate of interest it will amount
to eight times of itself in:
(a) 12 years
(b) 15 years
(c) 18 years
(d) 10 years
Q14. A sum of money invested at compound interest amounts in 3 years to Rs. 2,400 and in 4 years to Rs. 2,520. The
difference rate per annum is:
(a) 5%
(b) 6%
(c) 10%
(d) 12%
Q15. A sum becomes Rs. 4500 after two years and Rs. 6750 after four years at same compound interest. The sum is:
(a) Rs. 4000
(b) Rs. 2500
(c) Rs. 3000
(d) Rs. 3050
Answers
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09:09 AM, 16-Dec-2017