# HSBC Simple and Compound Interest Questions and Answers Quiz-1

Question 1

Time: 00:00:00
Find 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.

8112

8112

6123

6123

7000

7000

2345

2345

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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?

7210

7210

3456

3456

9076

9076

6765

6765

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Question 4

Time: 00:00:00
There is 80% increase in an amount in 8 years at simple interest. What will be the compound interest of 80% increase in an amount in 8 years at simple interest? What will be the compound interest of Rs. 14,000 after 3 years at the same rate?

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 is

94.5

94.5

99

99

67

67

56

56

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Question 6

Time: 00:00:00
Certain sum becomes 3 times it self 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
In this question, the formula is when the interest is compounded annually to solve this problem of compound interest. 4. At what rate per cent per annum will Ron lends a sum of \$2000 to Ben. Ben returned after 2 years \$2205, 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
A tree increases annually by 1/8 th of its height. By how much will it increase after 2 years, if it stands today 64 cm high?

32

32

81

81

46

46

64

64

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