# 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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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