Compound interest questions Practice Question and Answer

Q: Compounding interest means interest accrues 1570 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
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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 ::

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Answer : 3. "Rs. 2660"

Q:

साधारण ब्याज के 5% प्रति वर्ष की दर से ब्याज के रूप में 72 रुपये प्राप्त करने के लिए 360 रुपये की राशि को कितना समय लगेगा?

956 1

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    3 वर्ष
    Correct
    Wrong
  • 2
    4 वर्ष
    Correct
    Wrong
  • 3
    2.5 वर्ष
    Correct
    Wrong
  • 4
    3.5 वर्ष
    Correct
    Wrong
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Answer : 2. "4 वर्ष"

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Answer : 4. " 10%"

Q:

2500 रूपए का 4% वार्षिक ब्याज की दर से 2 वर्षों के चक्रवृद्धि ब्याज तथा साधारण ब्याज का अंतर क्या है?

809 0

  • 1
    ₹ 4
    Correct
    Wrong
  • 2
    ₹ 20
    Correct
    Wrong
  • 3
    ₹ 40
    Correct
    Wrong
  • 4
    ₹ 400
    Correct
    Wrong
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Answer : 1. "₹ 4 "

Q:

यदि ब्याज अद्र्धवार्षिक संयोजित होता है तो $${1{1\over 2}}$$ वर्ष के पश्चात 5 प्रतिशत वार्षिक दर से 16,000 रूपये पर ब्याज क्या होगा?

823 0

  • 1
    $$ {1230}{1\over 4}$$
    Correct
    Wrong
  • 2
    $$ {1210}{1\over 4}$$
    Correct
    Wrong
  • 3
    $$ {1215}{1\over 4}$$
    Correct
    Wrong
  • 4
    $$ {1225}{1\over 4}$$
    Correct
    Wrong
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Answer : 1. "$$ {1230}{1\over 4}$$"

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