Compound interest questions Practice Question and Answer

Q: Compounding interest means interest accrues 1536 1

  • 1
    at variable rates throughout the term
    Correct
    Wrong
  • 2
    more quickly than simple interest
    Correct
    Wrong
  • 3
    more slowly than simple interest
    Correct
    Wrong
  • 4
    at the same rate as simple interest
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "more quickly than simple interest"
Explanation :

Answer: B) more quickly than simple interest Explanation: Compounding interest means interest accrues on the interest charged and the principal amount each period the interest is charged. Compound interest is calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one.The total initial amount of the loan is then subtracted from the resulting value. The formula for calculating compound interest is: [P (1 + i)n] – P = P [(1 + i)n – 1] (Where P = Principal, i = nominal annual interest rate in percentage terms, and n = number of compounding periods.) Take a three-year loan of Rs. 10,000 at an interest rate of 5% that compounds annually. What would be the amount of interest? In this case, it would be: Rs. 10,000 [(1 + 0.05)3] – 1 = 10,000 [1.157625 – 1] = Rs. 1,576.25.   How it grows ::

Q: दो वर्ष के अन्त में 6 प्रतिशत की दर से 15,800 रूपये की मूल राशि पर कितना प्रतिशत चक्रवृद्धि ब्याज मिलेगा? 1993 0

  • 1
    1,896 रूपये
    Correct
    Wrong
  • 2
    2012.48 रूपये
    Correct
    Wrong
  • 3
    1952.88 रूपये
    Correct
    Wrong
  • 4
    1,956 रूपये
    Correct
    Wrong
  • 5
    इनमें से कोई नहीं
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "1952.88 रूपये"
Explanation :

undefined

Q: 15,000 रूपये की राशि पर तीन वर्ष के अन्त में उपचित साधारण ब्याज 2250 रूपये है। इस राशि पर इसी दर पर, इस अवधि में उपचित चक्रवृद्धि ब्याज कितना होगा? 1772 0

  • 1
    8934.6784 रूपये
    Correct
    Wrong
  • 2
    8017.5744रूपये
    Correct
    Wrong
  • 3
    7861.8754 रूपये
    Correct
    Wrong
  • 4
    निर्धारित नहीं किया जा सकता
    Correct
    Wrong
  • 5
    इनमें से कोई नहीं
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 5. "इनमें से कोई नहीं"
Explanation :

undefined

Q: यदि ब्याज दर 2 प्रतिषत अधिक हो तो एक वर्ष का मिश्रधन 60 रूपये अधिक मिलता है। मूलधन बताइए। 1118 0

  • 1
    300
    Correct
    Wrong
  • 2
    3,000
    Correct
    Wrong
  • 3
    6,000
    Correct
    Wrong
  • 4
    4,000
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 2. "3,000"
Explanation :

undefined

Q:

कितने समय में 2,000 रूपये 10 प्रतिशत वार्षिक चक्रवृद्धि ब्याज की दर से 2,420 रूपये होगी।

964 0

  • 1
    3 वर्ष
    Correct
    Wrong
  • 2
    5 वर्ष
    Correct
    Wrong
  • 3
    2 वर्ष
    Correct
    Wrong
  • 4
    4 वर्ष
    Correct
    Wrong
  • Show AnswerHide Answer
  • Workspace

Answer : 3. "2 वर्ष"

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully

      Report Error

    Please Enter Message
    Error Reported Successfully