Aptitude  Compound Interest  Practice Q&A-easy

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

3 4 5 6

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2. 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?

Rs. 8600 Rs. 8620 Rs. 8820 None of these

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3. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

Rs. 9000.30 Rs. 9720 Rs. 10123.20 Rs. 10483.20

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4. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period in years is:

2 2$ \dfrac{1}{2} $ 3 4

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5. Find the compound amount and compound interest on the principal Rs.20,000 borrowed at 6% compounded annually for 3 years.

3820.32 3080.23 1500.00 3100.32

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6. Find the compound amount which would be obtained from the interest of Rs.2000 at 6% compounded quarterly for 5 years.

3256.97 2567.90 1693.17 2693.71

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7. If the present value of my investment is $1,000 and the rate of interest is 6% compounded annually, what will the value be after 10 years?

$1,600 $1,771.56 $1,790.85 $1,898.30

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8. If the present value of my investment is $9,000 and the rate of interest is 3½% compounded annually, what will the value be after 4 years?

$10,176.87 $10,260 $10,324.27 $10,327.71

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9. Your goal is to have $2,000 in 6 years. The rate of interest is 10% compounded annually, so how much should you start with?

$800 $1,026.32 $1,116.79 $1,128.95

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10. Your goal is to have $3,500 in 10 years. The rate of interest is 3% compounded annually, so how much should you start with?

$2,126.16 $2,450 $2,604.33 $2,629.60

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