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Quantitative Aptitude :: Compound Interest Problems And Answers


Compound Interest Formulaes

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1. Certain loan amount was repaid in two annual installments of Rs.1331/- each. If the rate of interest be 10% per annum Compounded annually the sum borrowed was? 
A. Rs.121/- B. Rs.2130/-
C. Rs.2310/- D. Rs.1331/-
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2. A sum of money deposited at C.I. amounts to Rs.3650 in 2 years and to Rs.4015 in 3 years. Find the rate percent?
A. 10% B. 15%
C. 20% D. 25%
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3. 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?
A. 10% B. 12%
C. 6% D. 8%
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4. Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?
A. 1 year B. 6 years
C. 2 years D. 4 years
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5. Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?
A. Rs.420 B. Rs.380
C. Rs.400 D. Rs.375
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6. Anusha gave Latha Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Anusha has suffered had she given it to Latha for 2 years at 4% per annum simple interest?
A. Rs.10 B. Rs.2
C. Rs.3 D. Rs.6
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7. Murari borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?
A. Rs.636 B. Rs.635.50
C. Rs.635 D. Rs.634.50
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8. 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?
A. Rs.81000 B. Rs.64000
C. Rs.80000 D. Rs.75000
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9. An amount at compound interest sums to Rs.17640/- in 2 years and to Rs.18522/- in 3 years at the same rate of interest. Find the rate percentage?
A. 5% B. 7%
C. 9% D. 11%
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10. Dhanumjay invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?
A. 8% p.a. B. 5% p.a.
C. 6% p.a. D. 4% p.a.
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Related Topics

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Ration and Proportion
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