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Compound Interest - Questions and Answers

Practice questions on Compound Interest.

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6. The difference between the compound interest and the simple in interest on a certain sum at 5% per annum for 2 years is Rs. 1.50. The sum is:
A. Rs. 600
B. Rs. 500
C. Rs. 400
D. Rs. 300
Explanation: ANSWER : Rs. 600
7. A tree increases annually by 1/8 th of its height, By how much will at increase after 2 years, it stand-today 64cm high?
A. 72 cm
B. 74 cm
C. 75 cm
D. 81 cm
Explanation: ANSWER : 81 cm
8. RS.1600 at 10% per annum compound interest compounded half yearly amount to Rs. 1944.81 in
A. 2 years
B. 3 years
C. 1 years
D. 2 years
Explanation: ANSWER : 2 years
9. The compound interest on a certain sum of money for 2 years at 10% per annum is RS. 420. The simple interest on the same sum at the same rate and for the same time will be:
A. Rs. 350
B. Rs. 375
C. Rs. 380
D. RS. 400
Explanation: ANSWER : RS. 400
10. Rs. 800 at 5% per annum compound interest will amount to Rs. 882 in:
A. 1 year
B. 2 year
C. 3 year
D. 4 year
Explanation: ANSWER : 2 year
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