Welcome to your Aptitude Test-12-Compound Interest

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1) What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?

Rs. 31

Rs. 40.40

Rs. 32.10

Rs. 64.10

2) What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

None of these

Rs.9680

Rs.96500

Rs.9610

Rs.9630

3) A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

Rs. 662.02

Rs. 666.50

None of these

Rs. 635

Rs. 565.25

4) The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is?

Rs. 3.75

Rs. 3

Rs. 4

Rs. 2.50

5) Raj 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?

5% p.a.

6% p.a.

4% p.a.

8% p.a.

None of these

6) Find the C.I. on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

Rs. 1941

Rs. 1961

Rs. 1951

Rs. 1851

7) The C.I. on a certain sum for 2 years at 10% per annum is Rs. 525. The S.I. on the same sum for double the time at half the rate percent per annum is?

Rs. 400

Rs. 800

Rs. 500

Rs. 600

8) Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit?

Rs. 8620

None of these

Rs. 8600

Rs. 8800

Rs. 8840

9) Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

None of these

Rs.4064

Rs.4266

Rs.4613

Rs.4273

10) Sam invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be?

Rs. 16,537.50

Rs. 18,150

Rs.16,525.50

Rs. 16,500

11) A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

Rs.2760

Rs.3120

None of these

Rs.2520

Rs.3320

12) The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?

Rs. 4076

Rs. 3096

Rs. 4096

Rs. 4085

13) The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

None of these

Rs.19,828.80

Rs.18,028.80

Rs.18,828.80

Rs.17,828.80

14) What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

Rs. 8.30

Rs. 3.06

Rs. 4.80

Rs. 2.04

15) The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?

4

2 1/2

3

2

16) Siddharth wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?

Rs.24.00

Rs.25.20

Rs.21.60

Rs.27.80

17) The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200 respectively. Find the sum.

Rs.18500

Rs.18000

Rs.17000

None of these

Rs.17500

18) If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is?

Rs. 460

Rs. 450

Rs. 480

Rs. 400

19) The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

Rs.3502.80

Rs.3054.8

Rs.3052.80

None of these

Rs.3502.80

20) A man gets a simple interest of Rs.500 on a certain principal at the rate of 5% p.a in two years. Find the compound interest the man will get on twice the principal in two years at the same rate

None of these

Rs.500

Rs.5012.50

Rs.250

Rs.5062.50

21) Ravi invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Ravi's investments if the interests from those investments are equal?

None of these

3 : 2

6 : 5

7 : 6

4 : 3

22) The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is?

Rs. 1550

Rs. 1650

Rs. 1750

Rs. 2000

23) A person got Rs.48 more when he invested a certain sum at compound interest instead of simple interest for two years at 8% p.a. Find the sum?

Rs.7000

Rs.6500

None of these

Rs.8000

Rs.7500

24) 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 sum at the rate and for the same time?

Rs. 60

Rs. 54.25

Rs. 51.25

Rs. 52

25) The simple interest accrued on an amount of Rs.49500 at he end of three is Rs.17820. What would be the compound interest accured on the same amount at teh same rate in the same period? (Round off your answer to two decimal places)

Rs.20264.46

None of these

Rs.20043.94

Rs.18654.81

Rs.19612.41

26) What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?

Rs. 10123.20

Rs. 9720

Rs. 9000.30

Rs. 10483.20

27) A bank offers 5% C.I. calculated on half-yearly basis . A customer deposits Rs. 1600 each on 1st January and 1st 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

28) Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest?

None of these

22% p.a.

24% p.a.

20% p.a.

18% p.a.

29) What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

Rs.120

Rs.130

None of these

Rs.110

Rs.140

30) The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.60. What would be the simple interest accrued on the same amount at the same rate in the same period?

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