Practice test

Compound interest - Test Set 2

Review 5 exam-focused questions with detailed explanations, then start the interactive test when you are ready.

5 questions

Questions and explanations

  1. Question 1

    The simple interest on a sum of money at 10% per annum for 2 years is Rs. 500. What will be the compound interest on the same amount and rate at the same rate for the same time?
    1. Rs. 512
    2. Rs. 525
    3. Rs. 510
    4. Rs. 520
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  2. Question 2

    The simple interest of 8 years at 8% per annum on a deposit is Rs. 16000. What will be the compound interest of 2 years at the rate of one-fourth of this rate on the same amount.
    1. Rs. 1,000
    2. Rs. 1,020
    3. Rs. 980
    4. Rs. 1,010
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  3. Question 3

    Find the compound interest on a sum of Rs. 25,000, for 3 years, if the rate of interest is 4% p.a. for the first year, 5% p.a. for the second year and get 6% p.a. for the third year.
    1. Rs. 5,938
    2. Rs. 3,938
    3. Rs. 4,938
    4. Rs. 6,038
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  4. Question 4

    Find the compound interest on ₹10000 at 10% per annum for 2 years, compounded half yearly.
    1. 2258.54
    2. 3142.95
    3. 2225.52
    4. 2155.00
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  5. Question 5

    What will be the amount after the period of 2 years at the compound interest rate of 10% per year at 17200 rupees? (in rupees)
    1. 22812
    2. 23812
    3. 20812
    4. 21812
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