Compound Interest

IMPORTANT

Compound Interest: Overview

This topic covers concepts, such as, Compound Interest as Per Cent, Principal Amount of a Loan, Finding Amount of Compound Interest on a Loan & Deducing a Formula for Compound Interest etc.

Important Questions on Compound Interest

HARD
IMPORTANT

Sneha opened a cumulative time deposit account with a bank and deposits 500 for  114 yr. If she receives300 as interest, then find the rate of interest per annum.

MEDIUM
IMPORTANT

A man borrowed a sum of money at 5% simple interest per annum and give the money to another person at 10% compound interest and make a profit of 905 in 3 years. How much money in  did he borrow?

EASY
IMPORTANT

Mr. Sunil invested 3,00,000 in shares two years ago. He incurred a loss of 5% during the first year while earned a profit of 10% on the balance amount during the second year. Calculate his net profit or loss after the second year.

EASY
IMPORTANT

The compound interest for two years on a capital is rupees two more than the simple interest for the same period. If the rate of interest is 5 per year. Then the capital would be 800.

EASY
IMPORTANT

In compound interest, the principal remains constant for the whole period.

HARD
IMPORTANT

At same rate of simple interest, A lent 6000 to B for 2 years and 1500 to C for 4 years and received 900 as interest from both of them together. Find the rate of interest per annum.

EASY
IMPORTANT

A man invests  46875 at 4% p.a. compound interest for 3 years. Calculate the interest for the first year.

EASY
IMPORTANT

A sum is taken for one year at 16% p.a. If interest is compounded after every three months, how many times will interest be charged in one year?( write the final answer in numerals)

HARD
IMPORTANT

Swati borrows 40960 from the bank to buy a piece of land. She took a loan from a bank at annual rate 1212% interest for 112 years compounding half-yearly. If Swati has to pay an amountk to the bank at the end of the time period, then what is the value of k?

EASY
IMPORTANT

A sum of money is invested at compound interest payable annually. The interest in two successive years is Rs. 225 and Rs.240 respectively. Find the rate of interest.

MEDIUM
IMPORTANT

Find the compound interest on19000 for 2 years if rate of interest for 2 successive years are 5%   p.a. and  6%p.a.

HARD
IMPORTANT

Rohit borrows  86000 from Arun for two years at 5% p.a. simple interest. He immediately lends out this money to Akshay at 5% compound interest compounded annually for the same period. Calculate Rohit's proft in the transaction at the end of two years. 
 

MEDIUM
IMPORTANT

Nikita invests  6000  for 2 years at a certain rate of interest compounded annually. At the end of first year it amounts to  6720. Calculate the amount at the end of second year.

MEDIUM
IMPORTANT

Nikita invests  6000 for 2 years at a certain rate of interest compounded annually. At the end of first year it amounts to  6720. Calculate the rate of interest.

MEDIUM
IMPORTANT

What sum of money will amount to 9,261 in 3 years at 5% per annum compound interest?

HARD
IMPORTANT

Mr. Dubey borrows Rs. 100000 from State Bank of India at 11% p.a. compound interest. He repays Rs. 41000 at the end of the first year and Rs. 47700 at the end of the second year. Find the amount outstanding at the beginning of the third year.

MEDIUM
IMPORTANT

Ramesh invests 12800 for 3 years at the rate of 10% p.a. compound interest. Find the total amount due to him at the end of the third year

MEDIUM
IMPORTANT

Ramesh invests Rs. 12800 for 3 years at the rate of 10%  p.a. compound interest. Find  the interest he earns for the second year

EASY
IMPORTANT

Neelima deposited250000 for 2 years at 8% p.a., interest compounded annually. If income tax at10% is deducted every year on accrued interest, find the amount she received after 2 years.

MEDIUM
IMPORTANT

Madhukar took a loan of Rs. 20000 from a moneylender at 15% p.a. simple interest for 112years. He lent the money to his friend Shekhar at the same rate compound interest, interest compounded half yearly. Find the gain of Madhukar.