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Compound Interest MCQ Question with 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

Wanna test your skill? Here are some exams we prepared for you. So if you need to test your skill just attempt any exam from bellow.

Exam Name No. Of Q Link
Aptitude set 1 30 Start
Aptitude set 2 30 Start
Aptitude set 3 30 Start
Aptitude set 4 30 Start
Aptitude set 5 30 Start
Aptitude set 6 30 Start
Aptitude set 7 30 Start
Aptitude set 8 30 Start
Aptitude set 9 30 Start
Aptitude set 10 30 Start
Aptitude set 11 30 Start
Aptitude set 12 30 Start