Compound Interest Questions

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1. A man borrowed some money from a private organization at 5% simple interest per annum. From this amount, he gave 50%  to another person at 10% compound interest per annum, and thereby the man made a profit of Rs. 3,205 in 4 years. The man borrowed.

1. ₹ 1,00,000
2. ₹ 1,50,000
3. ₹ 80,000
4. ₹ 1,20,000

View Answer

Answer is a

2. The difference between simple and compound interest (compounded annually) on a sum of money for 2years at 10% per annum is ₹65. The sum is

1. ₹ 65,065
2. ₹ 6500
3. ₹ 65, 650
4. ₹ 6565

View Answer

Answer is b

3. A sum of ₹6000 is deposited for 3 years at 5% per annum compound interest (compound annually). Then the difference of interests for 3 and 2 years is

1. ₹ 30.75
2. ₹ 375.00
3. ₹ 75.00
4. ₹ 330.75

View Answer

Answer is d

4. If, the difference between compound interest and simple interest for 3 years on a certain sum at 5% per annum is Rs.122. Then, the sum is

1. ₹ 15, 000
2. ₹ 10, 000
3. ₹ 16, 000
4. ₹ 12, 000

View Answer

Answer is c

5. The difference of compound interest and simple interest for 3 years and for 2years are in ratio 23: 7 respectively. What is rate of interest per annum (in%)

1. 100/7
2. 400/7
3. 200/7
4. 300/7

View Answer

Answer is c

 
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