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CoCubes Simple and Compound Interest Question and Answers Quiz-1

Question 1

Time: 00:00:00
Find the compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually.

2345

2345

3245

3245

3122

3122

3109

3109

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Question 2

Time: 00:00:00
 Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

612

612

613

613

700

700

645

645

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8112 is amount which will be after 2 years but here the compound interest is asked which can be calculated by: amount= P + C.I C.I= amount-P C.I= 8112-7500=612 So, Rs. 612 will be the compound interest

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Question 3

Time: 00:00:00
The simple interest on a sum of money for 3 years at 6²/3 % per annum is $ 6750. What will be the compound interest on the same sum at the same rate for the same period, compounded annually?

7219

7219

3456

3456

9076

9076

6765

6765

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Question 4

Time: 00:00:00
There is an 80% increase in an amount in 8 years at simple interest determine the rate of interest and then find the compound interest of Rs 14,000 after 3 years at the same ROI when compounded annualy?

4612

4612

4634

4634

9768

9768

9988

9988

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Question 5

Time: 00:00:00
 The Simple interest on a certain sum for 2 years at 10% per annum is Rs. 90. The corresponding compound interest for the same ROI and time period if compounded annually will be?

94.5

94.5

99

99

67

67

56

56

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Question 6

Time: 00:00:00
The certain sum becomes 3 times itself at compound interest in 10 years. In how many years it becomes 9 times?

20

20

12

12

30

30

34

34

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Question 7

Time: 00:00:00
 In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually

3

3

4

4

2

2

1

1

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Question 8

Time: 00:00:00
Ron lent a sum $ 2000 to Ben after a span of 2 years Ben returned  $ 2205 to Ron. Find the Rate of Interest which was applied in the whole process when the money was lent at compound interest and the rate was compounded annually?

5%

5%

2%

2%

3%

3%

2.3%

2.3%

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Question 9

Time: 00:00:00
The difference between the compound interest compounded annually and the simple interest on a certain sum for 2 years at 6% per annum is $ 18. Find the sum.

5000

5000

6000

6000

2000

2000

2098

2098

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Question 10

Time: 00:00:00
The annual payment of Rs 80 in 5 yrs at 5% per annum Simple Interest will discharge the debt of ______.

432

432

440

440

446

446

464

464

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["0","40","60","80","100"]
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