Compound Interest
Compound Interest
COMPOUND INTEREST
By : By:
P.K.P.KSir
Sir
1. What will be the compound interest on 30,000 for 2 7. What will be the compound interest on 2000 for 2
years at the rate of 5% per annum ? years if the rate of interest is 10% & is compounded
30,000 5% 2 half-yearly?
(A) 3000 (B) 3075 (C) 3500 (D) 3200
2. What will be the compound interest on a sum of
1 (A) 431 (B) 431.0125
15000 for 2 years at the rate of 10% per annum ? (C) 343.246 (D) 440.20
2
8. Compound interest for the third year at 10% P.A. is
1
15000 2 10% 605, what will be the principal ?
2
10% 605
[2]
3
(A) 4 Years / (B) 8 Years / 36. A sum becomes 3 times upon adding compound in-
8
(C) 10 Years / (D) 12 Years / terest of three years on the basis of annual compound
29. A sum on compound interest becomes 9 times in 4 interest, find out annual rate of interest?
years, how many times will that sum become of it-
self at the same compound interest in 6 years?
3
3
6 8
(A) 21 times / (B) 36 times /
(C) 33 times / (D) 27 times / 1 1
30. A sum on compound interest becomes 16 times in 8 (A) 50 % (B) 55 %
3
(C) 33 %
3
(D) 25%
years, how many times will that sum become at com-
pound interest after 10 years? 37. If a sum becomes 1.44 times of it self in two years at
compound interest on annual basis, what is annual
rate of interest?
10
(A) 36 times / (B) 34 times /
(C) 30 times / (D) 32 times /
31. A deposited sum of 2000 at compound interest be- (A) 20 % (B) 10 % (C) 25 % (D) 15 %
comes 3 times in 6 years, how many times will it be- 38. A sum becomes 2400 in 12 years and 3000 in 16
come after 18 years? years at the rate of compound interest. How much
will that sum become in 20 years?
12 2400 16
(A) 54,000 (B) 72,000 3000 20
(C) 76,000 (D) 90,000
32. 10,000 at the rate of compound interest becomes 2
(A) 3600 (B) 3650 (C) 3700 (D) 3750
times in 4 years. How much will that sum become
in 8 years? 39. A sum becomes 1600 in 6 years and 2000 in 10
years at the rate of compound interest, how much
will that sum become in 14 years?
(A) 40,000 (B) 50,000 6 1600 10
(C) 60,000 (D) 80,000 2000 14
33. At what annual rate of compound interest will a sum (A) 2300 (B) 2400 (C) 3000 (D) 2500
be equal to 32 times of itself ?
40. A sum becomes 8 times in three years at the rate of
compound interest, what is the annual rate?
3 8
(A) 100 % (B) 200 % (C) 300 % (D) 400 %
34. At what annual rate of compound interest will a sum
be equal to 81 times of itself ? (A) 50 % (B) 100 % (C) 150 % (D) 200 %
41. A money lender lent 5150 which was to be paid back
in two equal instalments after two years at the rate of
(A) 200 % (B) 300 % (C) 400 % (D) 500 % 6% annual compound interest. How much money will
be paid through each instalment?
35. Simple interest on a sum in 2 years at the rate of 5%
annual interest is 500, what will be compound in-
terest on that sum in that time period?
[3]
(A) 1160 (B) 1260 (C) 1360 (D) 1460
43. A person wants to distribute a sum of 55,506 be-
tween his two daughters who are aged 14 and 16
years respectively in such a way that if its two parts
are invested at compound interest of 5% annual rate,
two daughters upon turning 18 receives equal sum.
How much sum will 14 year old doughter receive?
55,506 14
16
5%
18 14
[4]