# Compound Interest questions and answers

• Q1:

Find the amount of Rs. 800 at compound interest in $2\frac{1}{2}$ years at 5 p.c.

1. (A)Rs. 904.5
2. (B)Rs. 805.5
3. (C)Rs. 104.5
4. (D)Rs. 804.5

• Q2:

Find the sum if it matured to Rs. 2809 becomes in two years at the rate of 6% compounded yearly, what is the sum?

1. (A)Rs. 2500
2. (B)Rs. 2250
3. (C)Rs. 1575
4. (D)Rs. 2000

• Q3:

A sum of money put out at compound interest amounts in two years to Rs. 2809 and in three years to Rs. 2977.54. Find the rate percent.

1. (A)4%
2. (B)3%
3. (C)6%
4. (D)8%

• Q4:

The compound interest on a certain sum for 2 years is Rs. 40.80 and the simple interest is Rs. 40. Find the rate p.c.?

1. (A)10%
2. (B)8%
3. (C)6%
4. (D)4%