Compound Interest Questions

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• Practice Questions
• Important Formulas

1. A sum of money doubles itself in 4 years at compound interest. When will it amounts to 8 times itself at the same rate of interest ?

1. 12 years
2. 24 years
3. 18 years
4. 16 years

View Answer

Answer is a

2. If the amount on a certain principle in 3years at 1

1. 15440
2. 14550
3. 14330
4. 13440

View Answer

Answer is d

3. A certain grows at an annual interest rate of 1

1. 1/64 = (1.04)12y
2. 8=(1.01)6y
3. 64=(1.04)^12y
4. 64=(1.04)12y

View Answer

Answer is c

4. Compound interest on a sum of money for 2years at 4 percent per annum is ₹2,448. After 2 Years the simple interest of the same sum of money at the same rate of interest will be

1. ₹ 2400
2. ₹ 2250
3. ₹ 2500
4. ₹ 2360

View Answer

Answer is a

5. If the compound interest at a rate of

1. ₹450
2. ₹432
3. ₹435
4. ₹430

View Answer

Answer is b

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