Compound Interest Questions

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  1. The time I which ₹80,000 amount to ₹92,610 at 10% p.a. compound interest, interest being compounded semiannually is
  1. 2 years
  2. 4 years
  3. 3/2 years
  4. 5/2 years

View Answer

Answer is c

 

2. At what rate of interest per annum will a sum of Rs.1348.32 in 2 years?

  1. 6.5%
  2. 6%
  3. 7.5%
  4. 7%

View Answer

Answer is b

 

3. In how many years will a sum of Rs.800 t 10% per annum compounded semi-annually become Rs.926.10?

  1. 3 years
  2. 3/2 years
  3. 5/2 years
  4. 2 years

View Answer

Answer is b

 

4. A bank offers a 15% compound interest per half-year. If a customer deposits Rs.2400 each on 1st January and 1st July of a year. Then, At the end of the year, the amount he would have gained by way of interest is

  1. ₹ 1134
  2. ₹ 283
  3. ₹ 2268
  4. ₹ 567

View Answer

Answer is a

 

5. If a certain sum becomes 3 times in 6 years at compounded interest, then in how many years, it will become 81 times?

  1. 162
  2. 24
  3. 81
  4. 27

View Answer

Answer is b

 
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