Compound Interest MCQs
Practice free Compound Interest multiple-choice questions with instant answer feedback and step-by-step solutions. Click an option to check yourself, reveal the full explanation, and work through all 168 questions — no login required.
Question 28easy
A bank offers 5% compound interest calculated on half yearly basis. A customer deposits Rs.1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is = ?
Question 29easy
Mr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded half - yearly for first one year ans in the next year it was compounded yearly. What will be the total interest earned at the end of 2 year ?
Question 30easy
The compound interest on a certain sum of money at a certain rate for 2 years is Rs. 40.80 and the simple interest on the same sum is Rs. 40 at the same rate and for the same time. The rate of interest is = ?
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Question 31easy
A sum of money on compound interest amounts to Rs. 10648 in 3 years and Rs. 9680 in 2 years. The rate of interest per annum is = ?
Question 32easy
The compound interest on Rs 16000 for 9 months at 20% per annum, interest being compounded quarterly, is = ?
Question 33easy
A man gets a simple interest on Rs. 1000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate ?
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Question 34easy
The difference between simple interest ans compound interest on Rs. P at R% p.a in 2 years is = ?
Question 35easy
Compound interest on a sum of money for 2 years at 4% per annum is Rs. 2448. simple interest on the same sum of money at the same rate of interest for 2 years will be = ?
Question 36easy
A person deposited a sum of of Rs 6000 in a bank at 5% per annum simple interest. Another person deposited Rs 5000 at 8% per annum compound interest. After two years, the difference of their interest will be = ?