Aptitude Preparation: Mock Test, IT Campus Placement, Aptitude Questions and Answers

Subject: Compound Interest 1

**Part 1: List for questions and answers of Compound Interest**

**Q1. Find the compound interest on Rs.7500 at 4% per annum for 2 years, compounded annually**

a) Rs610

b) Rs612

c) Rs614

d) Rs616

**Q2. What will be the compound interest on Rs.25000 after 3 years at the rate of 12 % per annum**

a) Rs10123.20

b) Rs10123.30

c) Rs10123.40

d) Rs10123.50

**Q3. Find compound interest on Rs.7500 at 4% per annum for 2 years, compounded annually**

a) Rs312

b) Rs412

c) Rs512

d) Rs612

**Q4. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly**

a) Rs2520

b) Rs2521

c) Rs2522

d) Rs2523

**Q5. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is**

a) Rs155.25

b) Rs156.25

c) Rs157.25

d) Rs158.25

**Q6. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs.1348.32 in 2 years**

a) 3%

b) 4%

c) 5%

d) 6%

**Q7. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is**

a) 4years

b) 5years

c) 6years

d) 7years

** **

**Q8. In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually**

a) 2Years

b) 3Years

c) 4Years

d) 5Years

**Q9. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values**

a) Rs.51.75

b) Rs 51.50

c) Rs 51.25

d) Rs 51

**Q10. Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will b**

a) 6.09%

b) 6.10%

c) 6.12%

d) 6.12%

**Q11. A sum of money invested at compound interest to Rs. 800 in 3 years and to Rs 840 in 4 years. The rate on interest per annum is**

a) 4%

b) 5%

c) 6%

d) 7%

**Q12. A man saves Rs.200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years**

a) Rs662

b) Rs662.01

c) Rs662.03

d) Rs662.02

**Q13. What will be the compound interest on Rs.25000 after 3 years at the rate of 12 % per annum**

a) Rs10123.20

b) Rs10123.30

c) Rs10123.50

d) Rs10123.40

**Q14. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is**

a) 5

b) 3

c) 4

d) 6

**Q15. Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit**

a) Rs.8730

b) Rs.8620

c) Rs.8820

d) Rs.8510

**Q16. What is the difference between the compound interests on Rs.5000 for 1.5 years at 4% per annum compounded yearly and half-yearly?**

a) Rs.4.80

b) Rs.2.04

c) Rs.8.30

d) Rs.3.06

**Q17. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly**

a) Rs2520

b) Rs2522

c) Rs2523

d) Rs2521

**Q18. 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?**

a) 8

b) 12

c) Cannot be determined

d) 10

**Q19. Find compound interest on Rs.7500 at 4% per annum for 2 years, compounded annually**

a) Rs412

b) Rs512

c) Rs312

d) Rs612

**Q20. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:**

a) 6.06%

b) 6.07%

c) 6.08%

d) 6.09%

**Part 1: List for questions and answers of Compound Interest**

Q1. Answer: b

Q2. Answer: a

Q3. Answer: d

Q4. Answer: c

Q5. Answer: b

Q6. Answer: d

Q7. Answer: a

Q8. Answer: b

Q9. Answer: c

Q10. Answer: a

Q11. Answer: b

Q12. Answer: d

Q13. Answer: a

Q14. Answer: c

Q15. Answer: c

Q16. Answer: b

Q17. Answer: b

Q18. Answer: a

Q19. Answer: a

Q20. Answer: d