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COMPOUND INTEREST
1. A sum of Rs.3000 is invested on compound interest (compounded annually)
at the rate of interest 20% per annum. What is the compound interest after 2
years?

a) Rs.1200 b) Rs.1440 c) Rs.1320 d) Rs.1360

2. If Rs.12000 is invested for two years at compound interest (compounded

annually) at the rate of 15% per annum, then what is the interest?

a) Rs.3600 b) Rs.3870 c) Rs.3850 d) Rs.3800

3. A sum of Rs.2400 becomes Rs.3600 in 6 years at a certain rate of compound

interest (compounded annually). What will be the amount after 12 years at the
same rate of interest?

a) Rs.6000 b) Rs.4800 c) Rs.5400 d) Rs.4500

4. A sum of Rs.900 is invested at compound interest (compounded annually)

for 2 years. If the rate of interest is 10% per annum, then what will be the
amount?

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a) Rs.1071 b) Rs.1089 c) Rs.1289 d) Rs.1121

5. A sum doubles in 4 years at a certain rate of compound interest. In how many

years does it amount to 8 times itself at the same rate?

a) 9 b) 12 c) 15 d) 6

6. A man invested a sum of money at compound interest. It amounted to

Rs.12100 in two years and to Rs.13310 in three years. The rate of interest per
annum is:

a) 11% b) 9.5% c) 12.5% d) 10%

7. What is the effective annual rate of interest corresponding to a rate of 10%

per annum compounded half-yearly?

a) 10.75% b) 10.5% c) 10% d) 10.25%

8. If the difference between simple and compound interest on a sum of money

for 2 years at 5% per annum is Rs.125, the sum (in Rs.) is:

a) 50000 b) 5000 c) 10000 d) 1000

9. How much will a principal of Rs.5000 invested on compound interest

(compounded annually) amount to, in three years at a rate of 50% per annum?

a) Rs.16375 b) Rs.11250 c) Rs.16875 d) Rs.17275

10. What is the compound interest on Rs.5000 in 2 years at the rate of 20% per
annum? (interest compounded half yearly)

a) Rs.2340.50 b) Rs.2275.50 c) Rs.2290.50 d) Rs.2320.50

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11. The difference between simple and compound rate of interest on a certain
sum of money for 2 years at 20% rate of interest is Rs.200. The amount is:

a) Rs.4500 b) Rs.4000 c) Rs.3000 d) Rs.5000

12. A sum borrowed under compound interest doubles itself in 10 years. When
will it becomes fourfold of itself at the same rate of interest?

a) 24 years b) 15 years c) 20 years d) 40 years

13. The compound interest on a certain sum for 2 years at 3% per annum is
Rs.101.50. On the same principal, what will be the simple interest at same rate
in simple interest?

a) Rs.100 b) Rs.90 c) Rs.95.5 d) Rs.98.21

14. The compound interest on a certain sum at 4% per annum (compounded

annually) for 2 years is Rs.102. On the same principal at the same rate for the
same time, the simple interest will be:

a) Rs.100 b) Rs.99 c) Rs.98 d) Rs.101

15. If a sum of Rs.2000 is lent at 10% per annum compound interest, what is
the interest for the second year?

a) Rs.225 b) Rs.200 c) Rs.220 d) Rs.440

16. A sum becomes 5 times of itself in 3 years at compound interest (interest is

compounded annually). In how many years will the sum becomes 125 times of
itself?

a) 9 b) 6 c) 8 d) 12

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17. The difference between simple and compound interests compounded
annually on a certain sum of money for 2 years at 6% per annum is Rs.3.6. What
is the sum?

a) Rs.800 b) Rs.750 c) Rs.1000 d) Rs.1250

18. A sum of Rs.1000 becomes Rs.1144.90 in 2 years. At what rate is the interest
is compounded annually?

a) 7% b) 5% c) 8% d) 6%

19. A sum of Rs.11700 becomes Rs.16848 in 2 years at the rate of compound

interest. If the interest is compounded annually, then what will be the rate of
interest?

a) 20% b) 15% c) 17.5% d) 25%

20. What will be the difference between the compound interest (interest is
compounded annually) and simple interest on a sum of Rs.6400 at the rate of
10% per annum for 2 years?

a) Rs.90 b) Rs.72 c) Rs.128 d) Rs.64

21. A sum of Rs.10500 becomes Rs.17745 in 2 years at the rate of compound

interest. If the interest is compounded annually, then what will be the rate of
interest?

a) 40% b) 30% c) 25% d) 20%

22. A sum of Rs.14000 is lent at compound interest (interest is compounded

annually) for 3 years. If the rate of interest is 10%, the what will be the
compound interest?

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a) Rs.4634 b) Rs.4645 c) Rs.4364 d) Rs.4643

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23. The compound interest on a sum of Rs.24500 at 10% per annum for 2
5

years interest compounded yearly is:

a) Rs.6338.40 b) Rs.6342 c) Rs.6330.80 d) Rs.6340

24. The compound interest on a sum of Rs.15800 for 2 years at 9% per annum,
when the interest is compounded 8 monthly, is (nearest to a rupee):

a) Rs.2992 b) Rs.3016 c) Rs.3018 d) Rs.2956

3
25. The compound interest on a sum of Rs.15625 for 2 years at 16% per
4

annum, the interest compounded annually is:

a) Rs.6661 b) Rs.5400 c) Rs.7932 d) Rs.7923

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ANSWER KEY

1. c 23. c

2. b 24. c

3. c 25. d

4. b

5. b

6. d

7. d

8. a

9. c

10. d

11. d

12. c

13. a

14. a

15. c

16. a

17. c

18. a

19. a

20. d

21. b

22. a
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