Compound Interest

Question 1

An amount of Rs.9000 is invested for 2 years at interest rate of 15% per annual and compounded annually. At the end of 2nd year how much amount will be obtained as interest?

• Rs. 2902.50

• Rs. 2900.50

• Rs. 2899.50

• Rs. 2899

Question 2

Ram deposits Rs.2000 each on 1^st January and 1^st July of a year at the rate of 8% compound interest calculated on half-yearly basis. At the end of the year how much amount he would have?

• Rs.2150.50
• Rs.3182.40
• 4243.20
• 280.40

Question 3

Ram invests Rs. 10,000 for 1 year at a rate of 10% per annum compounded yearly and Sita invests the same amount for same time at same rate per annum compounded half yearly. What is the difference between the interests earned by both?

• Rs. 25.50

• Rs. 25

• Rs.20.50

• Rs.23.75

Question 4

Sagar has a sum of Rs.8000. He lends it for 20% per annum at compound interest. In how much time the sum of the amount will be Rs.13824?

• 2

• 1

• 3

• 4

Question 5

Find the amount returned for an investment of Rs.5,000 after 2 years, if the rate of interest for the 1st year is 5% and for the 2nd year is 10%.

• 772
• 775
• 622
• 820

Question 6

What sum will be amount to Rs.30000 at CI in 3 years, if the rate of interest for 1^st, 2^nd and 3^rd year being 10%, 20% and 30% respectively?

• 17482.5
• 20145
• 16524
• 17000

Question 7

What will be the amount if Rs.10,00,000 is invested at CI for 3 years at a rate of interest 10%, 11% and 12% respectively?

• 1367520
• 1367602
• 1367420
• 1365520

Question 8

An amount of Rs.9600 lent out at a rate of 4.5 % per annum for a 1 year and 9 months. At the end of the period, the amount he earned as C.I was:

• 10450.69

• 10368.7

• 10465.69

• 10555.69

Question 9

An amount of Rs.8000 is landed out for 2 years at compound interest rate 5 % per annum. How much interest will be incurred on maturity of the FD?

• 850
• 832
• 800
• 820

Question 10

An amount of Rs.1500 is invested at 10% per annum for one year. If the interest is compounded half-yearly, then what amount will be received at the end of the year?

• 1652.20

• 1642.50

• 1652.7

• 1653.75