Aptitude Preparation: Mock Test, IT Campus Placement, Aptitude Questions and Answers

Subject: Compound Interest 2

**Part 2: List for questions and answers of Compound Interest**

**Q1. Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?**

a) Rs.1261

b) Rs.1440

c) Rs.1185

d) Rs.1346

**Q2. 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?**

a) Rs.8082

b) Rs.7800

c) Rs.8100

d) Rs.8112

**Q3. Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.**

a) Rs.420.20

b) Rs.319.06

c) Rs.306.04

d) Rs.294.75

**Q4. Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?**

a) 4 years

b) 6 years

c) 2 years

d) 3 years

**Q5. At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?**

a) Rs.6620

b) Rs.6500

c) Rs.6800

d) Rs.6400

**Q6. Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly?**

a) Rs.17684

b) Rs.1684

c) Rs.2522

d) Rs.3408

**Q7. Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is?**

a) Rs.81.60

b) Rs.160

c) Rs.1081.60

d) Rs.99

**Q8. The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?**

a) 4%

b) 5%

c) 6%

d) 8%

**Q9. The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?**

a) 18

b) 12

c) 9

d) 6

**Q10. A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?**

a) 16

b) 8

c) 12

d) 20

**Q11. A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?**

a) 15%

b) 10%

c) 7 1/2 %

d) 8%

**Q12. Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?**

a) Rs.420

b) Rs.400

c) Rs.375

d) Rs.380

**Q13. 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?**

a) Rs.25600.24

b) Rs.32000.50

c) Rs.18060.36

d) Rs.18600

**Q14. Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?**

a) 6 years

b) 1 year

c) 2 years

d) 4 years

**Q15. The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?**

a) 10%

b) 12%

c) 6%

d) 8%

**Q16. The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?**

a) Rs.12000

b) Rs.14200

c) Rs.17520

d) Rs.13500

**Q17. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.**

a) Rs.4000

b) Rs.1000

c) Rs.1250

d) Rs.2000

**Q18. Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?**

a) 1500

b) 1800

c) 2100

d) 1950

**Q19. The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?**

a) Rs.3000

b) Rs.3300

c) Rs.3600

d) Rs.3900

**Q20. What sum of money put at C.I amounts in 2 years to Rs.8820 and in 3 years to Rs.9261?**

a) Rs.8000

b) Rs.8400

c) Rs.7500

d) None

** **

**Part 2: List for questions and answers of Compound Interest**

Q1. Answer: a

Q2. Answer: d

Q3. Answer: c

Q4. Answer: d

Q5. Answer: a

Q6. Answer: c

Q7. Answer: a

Q8. Answer: b

Q9. Answer: d

Q10. Answer: c

Q11. Answer: b

Q12. Answer: b

Q13. Answer: a

Q14. Answer: d

Q15. Answer: b

Q16. Answer: d

Q17. Answer: d

Q18. Answer: a

Q19. Answer: c

Q20. Answer: c