Compound Interest MCQs with Answers 2027

Q1

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1^st January and 1^st July of a year. At the end of the year, the amount he would have gained by way of interest is:

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Q2

Open question

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:

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Q3

Open question

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

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Q4

Open question

What is the difference between the compound interests on Rs. 5000 for

1 \frac{1}{2}

years at 4% per annum compounded yearly and half-yearly?

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Q5

Open question

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

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Q6

Open question

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

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Q7

Open question

At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

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Q8

Open question

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

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Q9

Open question

Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?

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Q10

Open question

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

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Q11

Open question

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

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Q12

Open question

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

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Q13

Open question

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

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Q14

Open question

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

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Q15

Open question

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:

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Q16

Open question

In how many years will Rs. 2000 amounts to Rs. 2420 at 10% per annum compound interest?

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Q17

Open question

If the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three years is Rs. 36.60, then the sum is = ?

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Q18

Open question

What would be the compound interest accrued on an amount of Rs. 8400 @ 12.5 p.c.p.a at the end of 3 years ?

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Q19

Open question

A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest in = ?

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Q20

Open question

A sum becomes Rs.1352 in 2 years at 4% per annum compound interest. The sum is = ?

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Compound Interestpractice.

Compound Interest
practice.