# 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

ANSWER: A)Rs. 5017.60 Rs. 1017.60

Q2. The Compound Interest on Rs. 44000 compounded semi- annually for 3/2 year at the rate of 6% per annum is:

A) Rs.2640.00
B) Rs.2648.00
C) Rs.4079.98
D) Rs.3010.43

Q3. 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

Q4.Find the amount and the compound interest on Rs. 20000 compounded quarterly for 9 months at the rate of 12% per annum is

A)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

ANSWER: C)Rs.28098.56 and Rs.8098.56

Q5. A sum of Rs. 3200 invested at 10% per annum compounded quarterly amounts to Rs. 3362. Then the time period is

A)8 months
B)7months
C)6months
D)5months

Q6.The amount and compound interest on Rs. 30000 compounded annually for 4 year @5%p.annum is

A)Rs.36465 and Rs.6465
B)Rs.40000 and Rs.10000
C)Rs.34656 and Rs.4656
D)Rs.38000 and Rs.8000

ANSWER: A)Rs.36465 and Rs.6465

Q7. The compound interest on Rs. 10000 for 2 yr if the rate of interest is 8% p.annum for the first year and 4% for the second year is

A)11232 and 1232
B)12000 and 2000
C)14000 and 4000
D)16232 and 6232

ANSWER: A)11232 and 1232

Q8. 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

Q9. 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 is

A)121421.80
B)131578.95
C)152421.98
D)182124.80

Q10. 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

Q11. 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

Q12. 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. is

A)4320 loss
B)3680 profit
C)1200 profit
D) No Profit or loss.

Q13. Ram purchased a cell phone for Rs.8000.The value of cell phone is decreasing @ 8% p.a. Then its value after three years is

A)6229.50
B)6300.50
C)6400.22
D)6743.80

Q14. 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

Q15. The compounded interest on Rs.120 for 1 yr. @ 16% per annum, when the interest is compounded annually

A)139.20
B)149.20
C)19.20
D)136.00

Q16. 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

Q17. 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

Q18. 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

Q19. 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%

Q20. A sum compounded annually becomes 16/9 times of itself in 2 yr. then the rate of interest per annum is

A)66.66%
B)40.00%
C)54.44%
D)33.33%

#### 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

ANSWER: D) 3 years

Q38. Find the Compound interest on Rs.30000 for 2 years @ 7% per annum compounded yearly?

A)4743
B)4347
C)4400
D)4231

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

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

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%

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

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

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%

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%

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

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.

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

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

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.