QUANT QUIZ BASED ON COMPOUND INTEREST

1. Find compound interest  for Rs 6400 in 2 years at the rate of interest  7 ½ % per annum.

(A) 1016

(B) 996

(C) 976             

(D) 966

2. Find the compound of 20000 for 2 years and 73 days, at 10% per annum.

(A) 5084

(B) 4684

(C) 6420

(D) 6000

3. Ramesh lend  27000 in two parts, at 8% and 9% per annum compound interest respectively. If he receive interest  4560 after 2 years. Then find the part, which was given on 8%.

(A) 12000

(B) 13500

(C) 15000

(D) none of these

4. Find the compound interest of  2000 for 2 years, if the rate of interest is 4% for first year and 3% for second year.

(A) 142.40

(B) 140.40

(C) 141.40

(D) 143.40

5. What sum of money will become  1352 in 2 years at 4% per annum compound interest?

(A) 1200

(B) 1225

(C) 1250

(D) 1300

6. Compound interest is  252.20 for 3 years at 5% per annum of any amount. Find simple interest of same amount, for same year and same rate of interest.

(A)  220

(B)  240

(C)  245

(D)  250

7. A certain sum amount to  5832 in 2 years at 8% per annum compound interest the sum is:

(A) 5000

(B) 5200

(C) 5280

(D) 5400

8. At what time the compound interest of 30000 will become 4347 at the rate 7% per annum compounded ?

(A) 2 years 

(B) 2 ½ years

(C) 3 years

(D) 4 years

9. In what time will  10000 amount to 13310 at 20% per annum compounded half yearly?

(A) 1 ½ years

(B) 2 years

(C) 2 ½  years

(D) 3 years

10. In what time  8000 will amount to  9261 at 10% per annum compound interest when the interest is compounded half yearly?

(A) 3 ½ years

(B) 1 ½ years

(C) 2 ½ years

(D) 2 years

ANSWER KEY:
1.B
2.B
3.D
4.A
5.C
6.B
7.A
8.A
9.A
10.B