Compound Interest - Aptitude test questions and answers
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Compound Interest - Aptitude test questions and answers
Q1. Find the Amount and the compound interest on Rs. 4000 compounded annually for 2 yr. at the rate of 12 % per annum ? A)Rs. 5017.60 Rs. 1017.60
B)Rs. 6000 Rs. 2000
C)Rs. 5000 Rs. 1000
D)Rs. 6500 Rs. 2500
View Answer / Hide AnswerANSWER: A)Rs. 5017.60 Rs. 1017.60
A) Rs.2640.00
B) Rs.2648.00
C) Rs.4079.98
D) Rs.3010.43
View Answer / Hide AnswerQ3. Find the amount invested for 3 yr. compounded yearly @ 12% per annum will amount to Rs.10000? A)7117.80
B)8117.80
C)9000.00
D)6500.00
View Answer / Hide AnswerQ4.Find the amount and the compound interest on Rs. 20000 compounded quarterly for 9 months at the rate of 12% per annum isA)Rs.29000 and Rs.9000
B)Rs.32000 and Rs.12000
C)Rs.28098.56 and Rs.8098.56
D)Rs.24082.10 and Rs.4082.10
View Answer / Hide AnswerANSWER: C)Rs.28098.56 and Rs.8098.56
A)8 months
B)7months
C)6months
D)5months
View Answer / Hide AnswerQ6.The amount and compound interest on Rs. 30000 compounded annually for 4 year @5%p.annum isA)Rs.36465 and Rs.6465
B)Rs.40000 and Rs.10000
C)Rs.34656 and Rs.4656
D)Rs.38000 and Rs.8000
View Answer / Hide AnswerANSWER: A)Rs.36465 and Rs.6465
A)11232 and 1232
B)12000 and 2000
C)14000 and 4000
D)16232 and 6232
View Answer / Hide AnswerQ8. What will be the compound interest on Rs. 120000 for 4 yr at 2% for first year, 4% for second year, 6% for third year and 8% for fourth year? A)25728.46
B)145728.48
C)189200.00
D)223232.46
View Answer / Hide AnswerQ9. The difference b/w the Compound Interest and the simple interest on a certain sum at 5% per annum for 3 yr. is Rs.1000. Then the sum isA)121421.80
B)131578.95
C)152421.98
D)182124.80
View Answer / Hide AnswerQ10. The population of the Hyderabad increases each year by 10% of what it had been at the beginning of each year. If the population in 1990 had been 160000, then the population of the Hyderabad in 1993. A)52960
B)190000
C)180000
D) 212960
View Answer / Hide AnswerQ11. The population of the Hyderabad increases each year by 10% of what it had been at the beginning of each year. If the population in 1990 had been 160000, then the population of the Hyderabad in 1987. A)130000
B)123452
C)134500
D) 116640
View Answer / Hide AnswerQ12. Karan started the business with an initial investment of Rs. 100000.In the first year he earned a profit of 4 % however, during the second year , he earned a loss of 8%. Then the net profit/loss for the entire period of 2 yr. isA)4320 loss
B)3680 profit
C)1200 profit
D) No Profit or loss.
View Answer / Hide AnswerQ13. Ram purchased a cell phone for Rs.8000.The value of cell phone is decreasing @ 8% p.a. Then its value after three years isA)6229.50
B)6300.50
C)6400.22
D)6743.80
View Answer / Hide AnswerQ14. An amount of Rs.A at compound interest @5% per annum for 4 yr. becomes B. What is B? A)1.21A
B)2.41A
C)121A
D)241A
View Answer / Hide AnswerQ15. The compounded interest on Rs.120 for 1 yr. @ 16% per annum, when the interest is compounded annuallyA)139.20
B)149.20
C)19.20
D)136.00
View Answer / Hide AnswerQ16. The amount Puja will pay on Rs. 12000@16% per annum, when the interest is compounded semi-annually A)15116.54
B)18730.75
C)1392.00
D)3116.54
View Answer / Hide AnswerQ17. A certain sum invested at 4% per annum compounded semi-annually amounts to Rs.12800 at the end of one year. A)12800.00
B)12300.00
C)12302.96
D)12303.00
View Answer / Hide AnswerQ18. What will be the period of investment ,If Rs.16000 invested at 10% per annum compounded semi-annually amounts to Rs.18522. A)3/2 year
B)7/2 year.
C)2year
D)4year
View Answer / Hide AnswerQ19. A promoter invested Rs. 6000 in a company at compound interest compounded semi-annually .He receives Rs.7986 after 18 months from the company the rate of interest per annum is A)13%
B)21%
C)20%
D)18%
View Answer / Hide AnswerQ20. A sum compounded annually becomes 16/9 times of itself in 2 yr. then the rate of interest per annum isA)66.66%
B)40.00%
C)54.44%
D)33.33%
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Discussion
- RE: Compound Interest - Aptitude test questions and answers -sanu (01/20/16)
- sir pliz solve this question.!
A Sum Of Rs 4000 Become Rs 5000 In 4 Year CI . How Much It Become After 12 year - RE: Compound Interest - Aptitude test questions and answers -Mohd saif (02/10/15)
- Find the compound interest on Rs.1200 for one and half years at 16 percent being compounded quarterly
- Compound Interest - Aptitude test questions and answers -Compound Interest (10/10/13)
- Q21. Ram’s income doubles at compound interest in 8yr. His income will becomes 4 times in
A)16 year
B)20 year
C)32 year
D)15 year
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Q22. Deepak borrowed 10000 for 1 and 1/2 year @ 10% per annum compounded semi-anually. What is the compound interest?
A)6620
B)3310
C)2500
D)2520
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Q23.Vivek deposited Rs.500 at compound interest becomes double after 5yr. What will be the amount after 20 yr.
A)2000
B)16000
C)8000
D)4000
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Q24.The simple interest on a certain sum of money for 2yr.@ 4% p.a. is quarter the compound interest on Rs.20000 for 2 yr. at 10% p.a. What is the sum placed on simple interest?
A)13125
B)16125
C)14200
D)15200
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Q25. Alok borrowed an amount of Rs.12000 on C.I. @ 10% p.annum . Find the amount payable by Alok after 2 yr.?
A)15520
B)14420
C)16000
D)14520
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Q26. The difference between C.I. and S.I. on an amount @ 12% p.a. in 2 yrs is Rs. 200. Find the amount
A)13888.88
B)2000.50
C)4578.80
D)12432.00
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Q27. Find the C.I. on Rs.2000 for 3 yr. @10%p.annum, when compounded half-yearly
A)2680
B)2600
C)600
D)680
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Q28. If a sum of Rs.2000 is compounded annually @ 5% for two year and 10% for next two year, then find the total amount after 4 year.
A)2668.05
B)668.05
C)4668
D)2800
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Q29. At compound interest, if a interest sum of money doubles in ‘n’ years, then the amount will be eight times in
A)2n2
B)3n2
C)3n
D)n2
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Q.30 Co-operative Bank gives interest which compounds anually. Ramesh deposited Rs.10000 and received Rs.12100 at the end of second year.Then find the rate of compound interest ?
A)20%
B)10%
C)12 and ½
D)13 and 1/2
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Q.31 Sohan took Rs.1100 from Vijay. Sohan have to pay Rs.1100 to Vijay in two installments. If the rate of interest be 10% compounded annually, then the value of each installment is
A)633.80
B)311.80
C)345.80
D)631.00
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Q.32 The C.I. on Rs. 8000 for 3 yr. @2% for first year , 4% for second year, and 6% for third year will be
A)8995.58
B)995.58
C)9000.00
D)1000.00
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Q33. Vinay divide Rs.2000 Between Dinesh and Taruna, so that the amount of Dinesh after 5 years is equal to the amount of Taruna after 7 years, the interest being compounded @5%p.annum. So the two parts are
A)1048.75 and 951.24
B)1100 and 900
C)1250 and 750
D) 1300 and 700
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ANSWER: A)1048.75 and 951.24
Q34. Find Compound Interest on Rs.200 @ 2% per annum for 3 years, compounded annually?
A)231.525
B)31.52
C)233.33
D)212.22
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Q35. Find the Amount on Rs.2000 @ 15% per annum for 2 years 4 months, compounded annually?
A)777.25
B)2777.25
C)2927.05
D)999.95
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Q36. Find the amount on Rs.1500 in 2 years @ 8%per annum, the interest being compounded half-yearly?
A)1621.15
B)121.15
C)1721.15
D)None of these
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Q37.In how many years will Rs. 1000 becomes Rs.1331 @10%per annum compounded annually?
A)3 and 1/2 years
B)2 and 1/2 years
C) 1 and 1/2 years
D) 3 years
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Q38. Find the Compound interest on Rs.30000 for 2 years @ 7% per annum compounded yearly?
A)4743
B)4347
C)4400
D)4231
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Q39. A sum of Rs. 125000 invested at 4% per annum compounded half-yearly amounts to Rs.132651. Then the time period is
A) 1 and 1/2 years
B) 2 and 1/2 years
C) 3 and 1/2 years
D) 7 and 1/2 years
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ANSWER: A) 1 and 1/2 years
Q40. Find the amount on Rs.1200 in 2 years @ 6%per annum, the interest being compounded yearly?
A)1248.28
B)1348.32
C)1288.20
D)1298.20
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Q41. If Rs.16000 amounts to Rs.18522 in 1 and 1/2 years compounded semi-annually, find the rate of interest per annum.
A)12%
B)8%
C)10%
D)12.33%
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Q42. Find the time period, When sum of Rs.24000 invested @10% per annum compounded semi-annually amounts to Rs.27783.
A) 1 and 1/2 years
B) 2 and 1/2 years
C) 3 and 1/2 years
D) 7 and 1/2 years
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ANSWER: A) 1 and 1/2 years
Q43. Find the Amount and the compound interest on Rs. 1000 compounded annually for 2 yr. at the rate of 6 % per annum ?
A)Rs. 1122.32 and Rs. 122.32
B)Rs. 1200 and Rs. 200
C)Rs. 1230 and Rs.230
D)Rs. 1234 and Rs. 234
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ANSWER: A)Rs. 1122.32 and Rs. 122.32
Q44. Find the rate of interest when a sum of money invested at compound interest amounts to Rs.800 in 3 years and to Rs.840 in 4 years.
A)6%
B)5%
C)4%
D)8%
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Q45. A sum compounded annually becomes 25/16 times of itself in 2 yr. Then the rate of interest per annum is
A)54%
B)34%
C)28%
D)25%
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Q46. Find the compound interest on Rs.24000 is borrowed for 1 and 1/2 year @10% p.a. compounded semi-annually.
A)3782.4
B)27782.4
C)28782.5
D)25782.4
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Q47.An amount at compound interest doubles itself in 4 yr. In how many years will the amount become 8 times itself?
A)8 yr
B)12yr.
C)10yr.
D)11 yr.
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Q48. If the population of a village depreciates by 10% of its value at the beginning of the year and its present population is estimated as 10935, what was its value three years back?
A)12000
B)14000
C)15935
D)15000
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Q49. The difference between simple and compound interest for two years @5% per annum is Rs.25.Find the sum
A)5000
B)7500
C)8500
D)10000
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Q50. Find the time period, When sum of Rs.7500 invested @4% per annum compounded annually amounts to Rs.8112.
A)3years
B)3 and 1/2 years
C) 2 years
D) 4 years.
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