Problems on Compound Interest for Competitive Exams

MCQs on Compound Interest for Bank, Railway, Staff Selection, MPSC, Talathi, LDC, Assistant, Exams

At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
(a) 6%
(b) 8%
(c) 7%
(d) 9%

Ans- (a)

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
(a) 3
(b) 4
(c) 5
(d) 6

Ans- (b)

A sum of money is put on CI for 2 years at 20%. It would fetch Rs 482 more if the interest is payable half yearly than if it were payable yearly. Find the sum.
(a) Rs. 30,000/-
(b) Rs. 25,000/-
(c) Rs. 20,000/-
(d) Rs. 35,000/-

Ans- (c)

Rajnikant invested a sum of money at CI. It amounted to Rs 2420 in 2 years and Rs 2662 in 3 years. Find the rate percent per annum.
(a) 7%
(b) 12%
(c) 10%
(d) 9%

Ans-(c)

Find the compound interest on Rs. 3000 at 5% for 2 years, compounded annually.
(a) Rs. 405.00
(b) Rs. 407.50
(c) Rs. 309.80
(d) Rs. 307.50

Ans-(d)

Find the compound interest on Rs. 10000 at 12% rate of interest for 1 year, compounded half-yearly.
(a) Rs. 1136
(b) Rs. 1236
(c) Rs. 1336
(d) Rs. 1036

Ans- (b)

A certain amount becomes Rs. 5760 in 2 years and Rs. 6912 in 3 years. What is the principal amount and the rate of interest?
(a) Rs. 4000
(b) Rs. 5000
(c) Rs. 4500
(d) Rs. 3500

Ans-(a)

The compound interest on Rs.30000 at 7% per annum is Rs.4347. The period is _____
(a) 3 years
(b) 4 years
(c) 2 years
(d) 1 year

Ans-(c)

Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually
(a) Rs. 3109
(b) Rs. 2109
(c) Rs. 4109
(d) Rs. 5109

Ans-(a)

Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly
(a) Rs. 2122
(b) Rs. 2522
(c) Rs. 2322
(d) Rs. 2422

Ans- (b)