Home Uncategorized Compound Interest Practice Test Uncategorized Compound Interest Practice Test By Sanjeev Kumar 3 Facebook Twitter Pinterest WhatsApp Synergy Exam Study Material PDF Compilation – TME / Engine Cadet – Click Here Set 1 41 Compound Interest Set 1 Compound Interest Set 1 1 / 10 At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? 7.5% 7% 6.5% 6% 2 / 10 The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: 6.09% 6.08% 6.07% 6.06% 3 / 10 What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.? Rs. 9000.30 Rs. 10483.20 Rs. 9720 Rs. 10123.20 4 / 10 Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit? Rs. 8820 Rs. 8620 None of these Rs. 8600 5 / 10 The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is: 4 5 3 6 6 / 10 The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is: 2.5 2 3 4 7 / 10 A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1^{st}Â January and 1^{st}Â July of a year. At the end of the year, the amount he would have gained by way of interest is: Rs. 123 Rs. 122 Rs. 121 Rs. 120 8 / 10 What is the difference between the compound interests on Rs. 5000 for 3/2years at 4% per annum compounded yearly and half-yearly? Rs. 3.06 Rs. 8.30 Rs. 2.04 Rs. 4.80 9 / 10 There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate? Rs. 3972 Rs. 3120 Rs. 2160 Rs. 6240 10 / 10 The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is: 630 625 650 640 Your score is The average score is 52% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Set 2 16 Compound Interest Set 2 Compound Interest Set 2 1 / 10 Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is: Rs. 2000 Rs. 1550 Rs. 1750 Rs. 1650 2 / 10 The difference between SI and CI for 2 years @ 20% per annum is Rs 8. What is the principal? Rs 350 Rs 250 Rs 300 Rs 200 3 / 10 The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is: Rs. 600 Rs. 400 Rs. 500 Rs. 800 4 / 10 The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is? 8% 12% 6% 10% 5 / 10 Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000? Rs.71,000 Rs.81,000 Rs.61,000 Rs.65,000 6 / 10 A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Rs.1,000 Rs.1,250 Rs.2,000 Rs.4,000 7 / 10 How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly? Rs.424 Rs.842 Rs.512 Rs.482 8 / 10 If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time? Rs. 52 Rs. 60 Rs. 51.25 Rs. 54.25 9 / 10 The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is: Rs. 3 Rs. 2.50 Rs. 4 Rs. 3.75 10 / 10 The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? 10 8 12 None of these Your score is The average score is 71% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Set 3 15 Compound Interest Set 3 Compound Interest Set 3 1 / 10 The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum. 63100 60100 61100 62100 2 / 10 What is the difference between the compound interests on Rs. 5000 for 1 1/2Â years at 4% per annum compounded yearly and half-yearly? 4.04 3.04 2.04 5.04 3 / 10 The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years? The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years? 8780.80 8746 8560 8673 4 / 10 Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. 812 712 612 912 5 / 10 The difference between the simple interest on a certain sum at the rate of 10%per annum for 2 years and compound interest which is compounded every 6 months is Rs.124.05. what is the principal sum Rs.8000 Rs.12000 None of these Rs.6000 6 / 10 Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly. 524.32 724.32 824.32 624.32 7 / 10 If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate. 1291 1271 1281 1261 8 / 10 A certain sum amounts to Rs.7350 in 2 years and to Rs.8575 in 3 years.find the sum and rate percent 6400 4400 3400 5400 9 / 10 Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest? 6 3.2 4.6 18 10 / 10 A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is 10000 30000 20000 40000 Your score is The average score is 67% LinkedIn Facebook Twitter VKontakte 0% Restart quiz Set 4 11 Compound Interest Set 4 Compound Interest Set 4 1 / 10 The difference between the compound interest and the simple interest accrued on an amount of Rs. 18,000 in 2 years was Rs. 405. What was the rate of interest p.c.p.a. ? 13% 12% 14% 15% 2 / 10 What annual payment will discharge a debt of Rs.7620 due in 3years at50/3Â % per annum interest? 4430 5430 2430 3430 3 / 10 Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest 6years 5years 7years 3years 4 / 10 If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ? 6387.42 4387.42 3387.42 5387.42 5 / 10 What will be the compound interest on a sum of Rs.25,000 after 3 years at the rate of 12 p.c.p.a? Rs.12665 Rs.12100 Rs.12552 Rs.10123.20 6 / 10 A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year Rs.5423 Rs.5976 Rs.5634 Rs.5624.32 7 / 10 The population of a town was 3600 three years back. It is 4800 right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually? Rs.600 Rs.6500 Rs.6400 Rs.6600 8 / 10 The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is Rs.600 Rs.800 Rs.4000 Rs.500 9 / 10 The present worth of Rs.169 due in 2 years at 4% per annum compound interest is Rs.125.25 Rs.156.25 Rs.140 Rs.150 10 / 10 The compound interest on a sum of money for 2 years is rs.832 and the simple interest on the same sum for the same period is rs.800 .the difference between the compound interest and simple interest for 3 years None of these Rs.98.56 Rs.48 Rs.66.56 Your score is The average score is 51% LinkedIn Facebook Twitter VKontakte 0% Restart quiz RELATED ARTICLESMORE FROM AUTHOR Difference Between Sulzer and man B&W Engines Main Bearing Clearance : Measurement Procedure of 2 stroke and 4 stroke engine Main Engine Operations : starting, running and stopping procedure Auxiliary engine Starting procedure and preparation How to adjust Bumping Clearance or clearance volume of Air compressor Lubrication in 4 four stroke engine with diagram What is Economizer Fire | Indications | Action Taken | How to prevent EGB Fire | Starting Air line Explosion | Causes | Action | Prevention | Safety Devices | Safety devices on refrigeration system on ship LEAVE A REPLY Cancel reply Please enter your comment! 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