Quantitative Aptitude - Compound Interest

Question - 1

Albert invested an amount of Rs. 8000 in a fixed deposit  scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?

• A Rs. 8600
• B Rs. 8620
• C Rs.8800
• D Rs. 8840
• E None of these

Question - 2

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

• A Rs. 9000.30
• B Rs. 9720
• C Rs. 10123.20
• D Rs. 10483.20
• E None of these

Question - 3

The compound interest on Rs. 20,480 at $6{1\over4}$% per annum for 2 years  73 days, is :

• A Rs. 2929
• B Rs. 3000
• C Rs. 3131
• D Rs. 3636

Question - 4

A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

• A Rs. 565.25
• B Rs. 635
• C Rs. 662.02
• D Rs. 666.50

Question - 5

Sam invested Rs. 15,000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by sam at the end year will be:

• A Rs. 16,500
• B Rs. 16,525.50
• C Rs. 16,537.50
• D Rs. 18,150
• E None of these

Question - 6

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

• A Rs. 120
• B Rs. 121
• C Rs. 122
• D Rs. 123

Question - 7

What is the difference between the compound interests on Rs.5000 for $1{1\over2}$ years at 4% per annum compounded yearly and half yearly?

• A Rs. 2.04
• B Rs. 3.06
• C Rs. 4.80
• D Rs. 8.30

Question - 8

Find the compound interest on  Rs. 15,625 for 9 months at 16% per annum compounded quarterly.

• A Rs. 1851
• B Rs. 1941
• C Rs. 1951
• D Rs. 1961

Question - 9

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same rate and for the same time?

• A Rs. 51.25
• B Rs. 52
• C Rs. 54.25
• D Rs. 60

Question - 10

What will be the difference between simple and compound interest @ 10% per annum on a sum of Rs.1000 after 4 years?

• A Rs. 31
• B Rs. 32.10
• C Rs. 40.40
• D Rs. 64.10
• E None of these