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Compound Interest MCQ - Multiple Choice Question and Answer

Compound Interest MCQ with detailed explanation for interview, entrance and competitive exams. Explanation are given for understanding.

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Question No : 1
In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?

1 year
4 year
3 year
6 year

Question No : 2

If Rs. 500 amounts to Rs. 583.20 in two years compounded annually, find the rate of interest per annum.


     

7%p.a
8%p.a
9%p.a
10%p.a

Question No : 3
If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

1261
1234
1256
1287

Question No : 4

Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being cmpounded half-yearly.

823
824.32
798.67
800

Question No : 5

Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, Compounded quarterly.              

2344
2455
3244
2522

Question No : 6
Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

512
612
712
812

Question No : 7
Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually.

3109
3210
3901
1309