1. Find the compound interest on Rs. 10,000 for 2 years at 10% per annum. a) Rs.
2000 b)
Rs. 2100 c) Rs. 2200 d) Rs. 2050
Q2. What will be the amount if Rs. 5,000 is invested for 3 years at 8% compound interest
per annum? a) Rs. 6298.56 b) Rs. 6200 c) Rs. 6000 d) Rs. 6500
Q3. A sum of money doubles itself in 5 years at a certain rate of compound interest. In how
many years will it become four times itself at the same rate? a) 10 years b) 12 years c) 15
years d) 20 years
Q4. The compound interest on a certain sum for 2 years at 5% per annum is Rs. 328. What
is the simple interest on the same sum at the same rate and for the same period? a) Rs. 300
b) Rs. 310 c) Rs. 320 d) Rs. 330
Q5. If the compound interest on a sum for 2 years at 10% per annum is Rs. 420, what is the
principal amount? a) Rs. 2000 b) Rs. 2100 c) Rs. 2200 d) Rs. 2050
Q6. Calculate the compound interest on Rs. 12,000 for 1 year at 8% per annum,
compounded half-yearly. a) Rs. 960 b) Rs. 979.20 c) Rs. 984 d) Rs. 990
Q7. At what rate percent per annum compound interest will Rs. 2,000 amount to Rs. 2,420
in 2 years? a) 5% b) 8% c) 10% d) 12%
Q8. The difference between the compound interest and simple interest on Rs. 8,000 for 2
years at 10% per annum is: a) Rs. 80 b) Rs. 800 c) Rs. 8000 d) Rs. 8
Q9. A sum of money at compound interest amounts to Rs. 6,690 after 3 years and to Rs.
10,035 after 6 years. Find the sum. a) Rs. 4460 b) Rs. 4400 c) Rs. 4500 d) Rs. 4300
Q10. If the annual rate of compound interest is 20%, and the interest is compounded
quarterly, what is the effective annual rate of interest? a) 21% b) 21.55% c) 20.8% d) 21.9%
Q11. A man borrows Rs. 10,000 at 10% compound interest. At the end of each year, he
repays Rs. 2,000. How much amount is outstanding at the beginning of the third year? a)
Rs. 8800 b) Rs. 9000 c) Rs. 8400 d) Rs. 8600
Q12. What is the compound interest on Rs. 16,000 for 9 months at 20% per annum,
compounded quarterly? a) Rs. 2450 b) Rs. 2522 c) Rs. 2600 d) Rs. 2480
Q13. If Rs. 600 amounts to Rs. 661.50 in 2 years at compound interest, find the rate of
interest per annum. a) 4% b) 5% c) 6% d) 7%
Q14. The compound interest on a certain sum for 3 years at 10% per annum is Rs. 3,310.
Find the principal. a) Rs. 10,000 b) Rs. 9,000 c) Rs. 8,500 d) Rs. 11,000
Q15. The ratio of the amount for 1 year and 2 years on a certain sum of money at a certain
rate of compound interest is 5:6. Find the rate of interest. a) 10% b) 15% c) 20% d) 25%
Q16. A sum of Rs. P is invested at 20% compound interest. After two years, the amount
becomes Rs. 7,200. Find the value of P. a) Rs. 5000 b) Rs. 4800 c) Rs. 5500 d) Rs. 6000
Q17. The simple interest on a sum of money for 2 years at 10% is Rs. 400. Find the
compound interest on the same sum for the same period at the same rate. a) Rs. 400 b) Rs.
410 c) Rs. 420 d) Rs. 430
Q18. A sum of money becomes 27 times itself in 3 years at compound interest. Find the
annual rate of interest. a) 100% b) 200% c) 150% d) 300%
Q19. What is the difference between the compound interest on Rs. 5,000 for 1 year at 4%
per annum compounded yearly and half-yearly? a) Rs. 2 b) Rs. 2.04 c) Rs. 2.50 d) Rs. 3.00
Q20. If a certain sum of money becomes Rs. 4,500 in 2 years and Rs. 6,750 in 4 years at
compound interest, then the principal is: a) Rs. 3000 b) Rs. 3200 c) Rs. 3500 d) Rs. 3000
Q21. An investment doubles itself in 10 years at a certain rate of compound interest. In how
many years will it become 8 times itself? a) 20 years b) 30 years c) 40 years d) 25 years
Q22. Find the compound interest on Rs. 25,000 for 2 years at 6% per annum, where the
interest is compounded annually. a) Rs. 3090 b) Rs. 3000 c) Rs. 3100 d) Rs. 3200
Q23. The compound interest on a sum of money at 8% per annum for 2 years is Rs. 1664.
What is the sum? a) Rs. 10,000 b) Rs. 12,000 c) Rs. 9,000 d) Rs. 11,000
Q24. If the compound interest on a certain sum for 2 years is 21% of the principal, then the
rate of interest per annum is: a) 10% b) 15% c) 20% d) 25%
Q25. A loan of Rs. 2,100 is to be paid back in two equal annual installments. If the rate of
interest is 10% per annum compounded annually, then the value of each installment is: a)
Rs. 1200 b) Rs. 1210 c) Rs. 1250 d) Rs. 1280
