Free Online Test 360
Arithmetic Aptitude :: CI Quiz 1
Home » Arithmetic Aptitude » CI Quiz 1 » General Questions

free Online Test Compound Interest Questions and Answers Quiz 1

Description: Free Online Test questions and answers on Compound Interest with explanation for various competitive exams,entrance test. Solved examples with detailed answer test 1

Exercise

"Love is like a war, Easy to begin Hard to end."
- (Proverb)
1 . The compound interest earned by Suresh on a certain amount at the end of two years at the rate of 8 p.c .p.a was `1,414.4. What was the total amount that Suresh got back at the end of two years in the form of principal plus interest earned ?
A.  Rs.9,414.4 B.    Rs. 9,914.4
C.  Rs. 9,014.4 D.    Rs. 8,914.4
View Answer Workspace Report Discuss in Forum
2 . The compound interest accurued on an amount at the end of three years at 15 p.c.p.a. is Rs.6500.52. What is the amount ?
A.  Rs. 12480 B.    Rs. 10500
C.  Rs. 14800 D.    Rs. 13620
View Answer Workspace Report Discuss in Forum
3 . The simple interest accrued on an amount of Rs.20,000 at the end of three years is Rs. 7,200. What would be the compound interest accrued on the same amount at the same rate in the same period ?
A.  Rs. 8398.36 B.    Rs. 8098.56
C.  Rs. 8246.16 D.    Rs. 8112.86
View Answer Workspace Report Discuss in Forum
4 . Mr. Rao invests a sum of Rs. 41,250 at the rate of 6 p.c.p.a. What approximateamount of compound interest will be obtain at the end of 3 years ?
A.  Rs. 8100 B.    Rs. 7425
C.  Rs.8210 D.    Rs. 7879
View Answer Workspace Report Discuss in Forum
5 . What will be the compound interest on a sum of Rs. 25,000 after three years at the rate of 12 per cent p.a. ?
A.  Rs. 10123.20 B.    Rs. 9000.30
C.  Rs. 10483.20 D.    Rs. 9720
View Answer Workspace Report Discuss in Forum
6 . Sudharshan invested Rs.15,000 at interest @ 10 p.c.p.a. for one year. If the interest is compounded every six months what amount will Sudharshan get at the end of the years?
A.  Rs. 16537.50 B.    Rs. 16500
C.  Rs. 16525.50 D.    Rs. 18150
View Answer Workspace Report Discuss in Forum
7 . The difference between the simple interest on a certain sum at rate of 10% per annum for 2 years and compound interest which is compounded every 6 months is Rs. 124.05. What is the principal sum?
A.  Rs. 10000 B.    Rs. 6000
C.  Rs. 12000 D.    Rs. 8000
View Answer Workspace Report Discuss in Forum
8 . What would be the compound interest obtained on an amount of Rs. 7,790 at the rate of 10 p.c.p.a. after two years?
A.  Rs. 1532.60 B.    Rs. 1495.90
C.  Rs. 1653.50 D.    Rs. 1635.90
View Answer Workspace Report Discuss in Forum
9 . The simple interest accrued on an amount of Rs. 22,500 at the end of four years is Rs. 10,800. What would be the compound interest accrued on the same amount at the same rate at the end two years ?
A.  Rs. 14908 B.    Rs. 5724
C.  Rs. 26234 D.    Rs. 8568
View Answer Workspace Report Discuss in Forum
10 . What is the difference between the simple and compound interest on Rs. 7300 at the rate of 6 p.c.p.a. in 2 years ?
A.  Rs.29.37 B.    Rs.26.28
C.  Rs.31.41 D.    Rs.23.22
View Answer Workspace Report Discuss in Forum

© 2016 by onlinetest360.com . All Rights Reserved | Copyright | Terms of Use & Privacy Policy

Contact us: info@onlinetest360.com     A venture of Jenisys Systems Pvt Ltd

DMCA.com Protection Status