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Compound Interest Quiz For Upcoming Exams

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1. A builder borrows Rs. 2550 to be paid back with
compound interest at the rate of 4% of per annum by
the end of 2 years in two equal yearly installments.
How much will each installment be?
(a) Rs.1352 (b) Rs.1377
(c) Rs.1275 (d) Rs.1283

2. A certain amount of money at r% compounded
annually after two and three years becomes Rs. 1440
and Rs. 1728 respectively 1440 and Rs. 1728
respectively. R% is
(a) 5 (b)10
(c)15 (d)20

3. A certain amount of money earns Rs. 540 as simple
interest in 3 years. If it earns a compound interest of
Rs.376.20 at the same rate of interest in 2 years, find
the amount ( in Rupees).
(a) 1600 (b)1800
(c) 2100 (d)2000

4. A certain sum amounts to Rs. 5832 in 2 years at 8%,
per annum compound interest, the sum is:
(a) Rs. 5000 (b) Rs. 5200
(c) Rs. 5280 (d) Rs. 5400

5. A certain sum of money amounts to Rs. 2420 in 2 years
and Rs. 2662 in 3 years at same rate of compound
interest, compounded annually the rate of interest per
annum is:
(a) Rs. 6% (b) Rs. 8%
(c) Rs. 9% (d) Rs. 10%

6. A certain sum will amount to Rs. 12,100 in 2 years at
10% per annum of compound interest, interest being
compounded annually. The sum is :
(a) Rs.12000 (b) Rs. 6000
(c) Rs. 8000 (d) Rs. 10000

7. A certain sum, invested at 4% per annum compound
interest compounded half yearly amounts is Rs. 7803
at the end of one year. The sum is:
(a) Rs. 9000 (b) Rs. 8400
(c) Rs. 7500 (d) Rs 8000

8. A certain sum, invested at 4% per annum compound
interest compounded half yearly, amounts is Rs. 7803
at the end of one year. The sum is:
(a) Rs. 7000 (b) Rs. 7200
(c) Rs. 7500 (d) Rs. 7700

9. A loan of Rs. 12300 at 5% per annum compound
interest, is to be repaid in two equal annual
installments at the end of every year. Find the
amount of each installment.
(a) Rs. 6651 (b) Rs. 6615
(c) Rs. 6516 (d) Rs. 6156

10. A man borrows Rs. 21000 at 10% compound interest.
How much he has to pay annually at the end of each
year, to settle his loan in two years?
(a) Rs. 12000 (b) Rs. 12100
(c) Rs. 12200 (d) Rs. 12300

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