Quantitative Aptitude  Compound Interest  Formula & Concept Quiz
#  Quiz 

1
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Formula & Concept
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?
Solution 
2
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Formula & Concept
What will be the compound interest on a sum of Rs.25000 after 3 years at the rate of 12 per cent p.a.?
Solution 
3
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Formula & Concept
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?
Solution 
4
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Formula & Concept
Sam invested Rs. 15000 at the rate of 10% per annum for one year. If the interest is compounded halfyearly, then the amount received by Sam at the end of the year will be:
Solution 
5
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Formula & Concept
A bank offers 5% compound interest calculated on halfyearly 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:
Solution 
6
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Formula & Concept
Find the compound interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly.
Solution 
7
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Formula & Concept
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 sum at the same rate and for the same time?
Solution 
8
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Formula & Concept
The difference between S.I. and C.I. on Rs. 1200 for one year at 10% per annum calculated halfyearly is
Solution 
9
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Formula & Concept
In how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semiannually becomes Rs. 926.10?
Solution 
10
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Formula & Concept
The C.I. on a sum of money for 2 years is Rs. 832 and the S.I. on the same sum for the same period is Rs. 800. The difference between the C.I and S.I. for 3 years will be
Solution 
11
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Formula & Concept
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?
Solution 
12
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Formula & Concept
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable halfyearly is:
Solution 
13
Discuss

Formula & Concept
Mr. Dua invested money in two schemes P and Q offering compound interest @ 8 p.c.p.a. and 9 p.c.p.a respectively. if the total amount of interest accrued two schemes together in two years was Rs 4818.30 and the total amount invested was Rs 27, 000, what was the amount invested in Scheme P?
Solution 
14
Discuss

Formula & Concept
A sum of money invested at compounded interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate on interest per annum is
Solution 
#  Quiz 