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Compound Interest
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Class 8
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Himachal Pradesh
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Let's practice 30 mcqs on
Compound Interest
mcqs by everyone
The compound and the simple interests on a certain sum at the same rate of interest for two years are Rs.11730 and Rs.10200respectively.
Find the sum
Rs.17000
Rs.17500
Rs.18000
Rs.18500
None of these.
The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded annually is Rs.16. if the interest were compounded half yearly , the difference in two interests would be nearly
Rs.16
Rs.24.64
Rs.21.85
Rs.16.80
A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually.
Find
(a) the present value to fund the end-of-period retirement benefit
(b) the end-of-period semi-annual payment needed to accumulate the value in part
(a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually
234578
245678
234689
281468.06
The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum
C.
I. compounded annually, is
Rs. 4076
Rs. 3096
Rs. 4085
Rs. 4096
What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly
3.04
5.04
2.04
4.04
Rs.100 doubled in 5 years when compoundedannually.
How many more years will it take to get another Rs.200 compound interest
6years
3years
5years
7years
Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly
524.32
624.32
824.32
724.32
If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years
6387.42
4387.42
5387.42
3387.42
Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam
3544
3087
3567
3452
If the compound interest on a certain sum at 1623% to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period
1090
1080
1180
1109
If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today
49158
39158
59158
69158
Rajan borrowed Rs.4000 at 5% p.a compoundinterest.
After 2 years, he repaid Rs.2210 and after 2 more year, the balance withinterest.
What was the total amount that he paid as interest
Rs.675.50
Rs.635.50
Rs.653.50
Rs.613.50
Compound interest on a certain sum of money at 20% per annum for 2 years is Rs.5995.
What is the SI on the same money at 8% per annum for 6 years
Rs. 6789
Rs. 5989
Rs. 6540
Rs. 7844
Calculate the effective interest rate of a 10% annual rate compounded continuously
11.52%
9.52%
10.52%
12.52%
A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093.
Find its value at the beginning of the first year
Rs.32000.50
Rs.18060.36
Rs.25600.24
Rs.18600
Two payments of $10,000 each must be made one year and four years fromnow.
If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments
19596
19496
19396
19296
There is 60% increase in an amount in 6 years at simpleinterest.
What will be the compound interest of Rs. 12,000 after 3 years at the same rate
Rs.4972
Rs.5972
Rs.3972
Rs.2972
Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely
Rs.2422
Rs.3522
Rs.2322
Rs.2522
If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be
Rs 1575.20
Rs 1600
Rs 1625.80
Rs 2000
The compound interest accrued on an amount of Rs.44000 at the end of two years is Rs.1193.
60. What would be the simple interest accrued on the same amount at the same rate in the same period
Rs.10,280
Rs.10,560
Rs.10,840
None of these.
Rs.10,720
A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4years.
The rate of interest per annum is
6%
7%
5%
4%
Sonika invested an amount of Rs.5800 for 2years.
At what rate of compound interest will she get an amount of Rs.594.
50 at the end of 2 years
5%
6.5%
6%
4.5%
Calculate the periodic interest rate corresponding to:9.0% compounded quarterly
5.25
6.25
3.45
2.25
For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:0.7
9
12
11
10
What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually
Rs.2492
Rs.2592
Rs.2352
The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200.
Find the compound interest on the same amount for five years at the same rate of interest
NONE OF THESE
Rs.3502.80
Rs.3052.40
Rs.3052.80
Rs.3054.8
A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd yearsrespectively.
Find the interest received at the end of the three years
Rs.2520
NONE OF THESE
Rs.2760
Rs.3320
Rs.3120
Find the compound interest on Rs. 2680 at 8% per annum for 2 years
Rs. 664.21
Rs. 548.68
Rs. 692.57
Rs. 445.95
A sum of money placed at
C.
I. interest doubles itself in 5years.
It will amount to eight times itself at the same rate of interest in
7 years
20 years
10 years
15 years
If Rs.7500 are borrowed at
C.I at the rate of 4% per annum, then after 2 years the amount to be paid is
Rs.8100
Rs.7800
Rs.8082
Rs.8112
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