Compound Interest with Explanation
Q1. After how many years will Rs. 1600 become Rs. 2025 at 12.5% per annum compound interest?
| A. 2 years | B. 2.5 years |
| C. 3 years | D. 4 years |
Q2. Ramesh borrowed some money from Suresh at 5% per annum compound interest and paid Rs. 882 each in two annual instalments. What was the sum borrowed?
| A. Rs. 1620 | B. Rs. 1680 |
| C. Rs. 1650 | D. Rs. 1640 |
Q3. What sum will become Rs. 9261 at 5% per annum compound interest after 3 years?
| A. Rs. 9000 | B. Rs. 8000 |
| C. Rs. 6000 | D. Rs. 7000 |
Q4. At what rate of compound interest will Rs. 20000 becomes Rs. 24200 after 2 years?
| A. 8.5% | B. 9% |
| C. 9.5% | D. 10% |
1 + Q5. The difference between compound interest and simple interest for 2 years at 10% per annum is Rs. 50. Find the sum
| A. Rs. 5300 | B. Rs. 4900 |
| C. Rs. 5000 | D. Rs. 5200 |
Q6. The population of a town is 80000. If the population increases annually at the rate of 75 per 1000, find the population of this town after 2 years?
| A. 92450 | B. 90000 |
| C. 91253 | D. 93684 |
Q7. The value of a car depreciates by 10% annually. If the present value of the car is Rs. 1,00,000, what will be its value after 2 years?
| A. Rs. 80000 | B. Rs. 81000 |
| C. Rs. 84300 | D. Rs. 84000 |
