Compound Interest MCQs

A sum of Rs. 12,000 amounts to Rs. 20,736 in 3 years at a certain rate percent per annum interest compounded annually. What will amount of the same sum to in 2 years at the same rate on compound interest?

At what percent is the annual compound interest rate taken such that a certain sum amounts to its 16 times in 4 years?

A sum of Rs. 10,500 amounts to Rs. 13,650 in 2 years a certain rate percent annum simple interest. The same sum will amount to what in 1 year at the same rate, if the interest in compounded half yearly (nearest to Rs. 1)

A person borrowed some money on compound interest and returned it in 3 equal annual instalments. If the rate of interest is 15% per annum and the annual instalment is Rs. 12,167, then find the sum borrowed.

The compound interest (compounding annually) on a certain sum at the rate of 8 percent per annum for two years is Rs. 6656. What would be the simple interest on the same sum at the same rate of interest for two years?

At what rate percent per annum will a sum of Rs. 15,625 amount to Rs. 21,952 in three years, if the interest is compounded annually?

If the cost of a mobile phone is Rs. 25,000, available at Rs. 5,000 down payment followed by 3 equal annual instalments (each instalment is to be paid at the end of each year) at the rate 25% p.a. compound interest, then find the value of each instalment (rounded off to two decimal places):

If the difference between the compound interest and simple interest on a certain sum of money for three years at 10% p.a. is Rs. 558. Then the sum is:

A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year?