Compound Interest Worksheet-2

Compound Interest Worksheet-2

The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is :

(a) Rs. 2.50 (b) Rs. 3 (c) Rs. 3.75 (d) Rs. 4

(e) None of these

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

(a) 2 (b) (c) 3 (d) 4

At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years ?

(a) 6% (b) 6.5% (c) 7% (d) 7.5%

The principal that amounts to Rs. 4913 in 3 years at per annum compound interest compounded annually, is :

(a) Rs. 3096 (b) Rs. 4076 (c) Rs. 4085 (d) Rs. 4096

In how many years will a sum of Rs. 800 at 10% per annum compounded semi-annually become Rs. 926.10 ?

(a) (b) (c) (d)

If the compound interest on a sum for 2 years at 12% per annum is Rs. 510, the simple interest on the same sum at the same rate for the same period of time is :

(a) Rs. 400 (b) Rs. 450 (c) Rs. 460 (d) Rs. 480

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is :

(a) Rs. 400 (b) Rs. 500 (c) Rs. 600 (d) Rs. 800

The simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is :

(a) Rs. 1550 (b) Rs. 1650 (c) Rs. 1750 (d) Rs. 2000

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 ?

(a) Rs. 2160 (b) Rs. 3120 (c) Rs. 3972 (d) Rs. 6240

(e) None of these

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum ?

(a) 8 (b) 10

(e) None of these

Answer Key:

(1)-b; (2)-a; (3)-a; (4)-d; (5)-b; (6)-d; (7)-b; (8)-c; (9)-c; (10)-a