Compound Interest Aptitude Questions and Answers

Practice Compound Interest Questions - This section focuses on "Compound Interest" in Quantitative Aptitude. These Multiple Choice Questions (mcq) should be practiced to improve the Quantitative Aptitude skills required for various interviews (campus interviews, walk-in interviews, company interviews), placements, entrance exams and other competitive examinations.

1. A sum of rupees 3200 is compounded annually at the rate of 25 paise per rupee per annum. Find the compound interest payable after 2 years.

A. 1800
B. 1900
C. 2000
D. 1700

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2. What sum(principal) will be amount to Rs.34536.39 at compound interest in 3 years, the rate of interest for 1st, 2nd and 3rd year being 5%, 6% and 7% respectively?

A. 25000
B. 27000
C. 29000
D. 31000

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3. If Rs. 1,200 amounts to rs 1,323 in two years at compound interest, then what will be the amount of rs 1,600 in three years at compound interest at the same rate per cent ?

A. 1832.2
B. 1852.2
C. 1862.2
D. 1872.2

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4. In what time will a man receive Rs. 85 as compound interest on Rs. 320 at 12(1/2)% p.a. compounded yearly?

A. 4.5 yrs
B. 2.5 yrs
C. 2 yrs
D. 5 yrs

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5. If Rs. 1,200 amounts to Rs. 1,323 in two years at compound interest, then what will be the amount of Rs. 1,600 in three years at compound interest at the same rate per cent?

A. Rs. 1,850
B. Rs. 1,852.20
C. Rs. 1,752.20
D. Rs. 1,905.50

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6. On a certain sum of money, compound interest earned at the end of three years = Rs. 1456. Compound interest at the end of two years is Rs. 880. Compute the principal invested.

A. Rs. 2,400
B. Rs. 2,800
C. Rs. 2,000
D. Rs. 1,600

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7. A bank offers 5% annually 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

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8.  What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?

A. Rs. 2
B. Rs. 3
C. Rs. 4
D. Rs. 8

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9. 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. 2
B. 3
C. 4
D. 5

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10. A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.723 more, if the interest was payable half yearly than if it was payable annually. The sum is ____

A. Rs. 20000
B. Rs. 15000
C. Rs. 30000
D. Rs. 45000

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