# Compound Interest

1. What will be the compound interest on a sum of 25000 after 3 years at the rate of 12% per annum ?

A. Rs. 10123.20

B. Rs. 12500.75

C. Rs. 8900.90

D. Rs. 11123.15

Ans: A

Explanation:

2. David invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5% per annum. How much amount will he get on maturity of the fixed deposit ?

A. Rs. 8600

B. Rs. 8620

C. Rs. 8820

D. Rs. 8990

Ans: C

Explanation:

3. Ram invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by him at the end of the year will be

A. Rs. 15570

B. Rs. 16537.50

C. Rs.8680.20

D. Rs. 19950.75

Ans: B

Explanation:

4. In what time will Rs. 1000 become Rs.1331 at 10% per annum compounded annually.

A. 1 year

B. 2 years

C. 3 years

D. 4 years

Ans: C

Explanation:

5. The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is 631. Find the sum.

A. Rs. 62200

B. Rs. 63500

C. Rs. 63100

D. Rs. 64750

Ans: C

Explanation:

6. Find compound interest on Rs. 7500 at 4% per annum for 2 years compounded annually.

A. Rs. 590

B. Rs. 612

C. Rs. 620

D. Rs. 700

Ans: B

Explanation: