Quantitative Aptitude Questions and Answers - Compound Interest

11. Suresh borrows Rs.6375 to be paid back with compound interest at the rate of 4 % pa by the end of 2 year in two equal yearly installments. How much will each installment will be?

A. 3840
B. 3380
C. 4800
D. Data inadequate

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12. If Rs. 7200 amounts to Rs.10368 at compound interest in a certain time , then Rs. 7200 amounts to what in half of the time?

A. Rs 6570
B. Rs 7850
C. Rs 8140
D. Rs 8640

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13. Find the compound interest on Rs. 64,000 for 1 year at the rate of 10% per annum compounded quarterly (to the nearest integer).

A. Rs. 8215
B. Rs. 8205
C. Can’t be determined
D. None of the above

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14. On a certain rate of interest a sum of Rs 5000 becomes Rs 16,200 in certain years at compound interest. In half of the time given, this sum will become?

A. 9000
B. 10000
C. 8000
D. 7000

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15. If a sum of RS 2744000 becomes Rs 3176523 in three years on Compound Interest then find the rate of interest.

A. 0.1
B. 0.08
C. 0.11
D. 0.05

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16. What is the difference between Simple Interest and Compound Interest on Rs 70,000 ar 20% rate of interest in one and a half year if Compound Interest is compounded half yearly.

A. Rs 2070
B. Rs 2160
C. Rs 2170
D. Rs 2060

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17. A sum of money is lent for 2 years at 20% p.a. compound interest. It yields Rs 482 more when compounded semi-annually than compounded annually. What is the sum lent?

A. Rs 25,600
B. Rs 20,000
C. Rs 26,040
D. Rs 40,500

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18.  Rs 3903 is to be divided in a way that A share at the end of 7 years is equal to the B share at the end of 9 years. If the rate of interest is 4% compounded annually, find A share.

A. 1875
B. 1975
C. 1525
D. 1675

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19. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?

A. 2145
B. 2358
C. 2450
D. 2592

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20. Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest?

A. 10 yrs
B. 8 yrs
C. 7 yrs
D. 5 yrs

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