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Why Aptitude Compound Interest is Required?

In this Aptitude section you can learn and practice Aptitude Questions with Answers based on "Compound Interest " to improve your skills in order to face written test by IT companies, interview and various entrance tests like Bank Exams, Railway Exams, ICET, GATE, CAT, GRE, MAT, etc.

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Where can I get objective type, multiple choice Aptitude Compound Interest Interview Questions and Answers?

Here you can find both objective type and Multiple Choice Aptitude Compound Interest questions and answers for interview and entrance examination. True or false type questions are also provided here. Practice these bits well to get success in interviews or entrance tests

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Compound Interest - Aptitude Questions and Answers

This is aptitude questions and answers section on Compound Interest with an explanation for various interview, competitive examinations, and entrance tests. Learn Compound Interest MCQ for online test.

Compound Interest Online Test - Compound Interest Quiz Details

Online Test Name Compound Interest
Exam Type Multiple Choice Questions
Category Aptitude Quiz
Number of Questions 101

Compound Interest Formulae

Compound Interest basic terms A = Amount
P = Principal
R = Rate of Interest
N = Number of Years

1. Interest Compounded Yearly

Amount (A) = Principal (P) X ( 1 + Rate of Interest (R) / 100 )Number of Years (N)

2. Interest Compounded Half-Yearly

Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 2 / 100 ]2 X Number of Years (N)
(or) Principal (P) = [ 1 + Rate of Interest (R) / 200 ] 2 X Number of Years (N)

3. Interest Compounded Quarterly

Amount (A) = Principal (P) X [ 1 + Rate of Interest (R) / 4 / 100 ]
(or) Principal (P) [ 1 + Rate of Interest (R) / 400 ] 4 X Number of Years (N)
1. Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when C.I is reckoned yearly?
  • A. Rs.1261
  • B. Rs.1440
  • C. Rs.1185
  • D. Rs.1346
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Answer & Explanation

Answer: Option A

Explanation:

A = 8000(21/20)3

    = 9261

    = 8000

     ---------

        1261

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2. If Rs.7500 are borrowed at C.I at the rate of 4% per annum, then after 2 years the amount to be paid is?
  • A. Rs.8082
  • B. Rs.7800
  • C. Rs.8100
  • D. Rs.8112
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Answer & Explanation

Answer: Option D

Explanation:

A = 7500(26/25)2 = 8112

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3. Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.
  • A. Rs.420.20
  • B. Rs.319.06
  • C. Rs.306.04
  • D. Rs.294.75
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Answer & Explanation

Answer: Option C

Explanation:

A = 5000(51/50)3

    = 5306.04

       5000

      -----------

          306.04

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4. Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?
  • A. 4 years
  • B. 6 years
  • C. 2 years
  • D. 3 years
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Answer & Explanation

Answer: Option D

Explanation:

9261 = 8000(21/20)N

(21/20)3 = (21/20)N => N = 3

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5. At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?
  • A. Rs.6620
  • B. Rs.6500
  • C. Rs.6800
  • D. Rs.6400
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Answer & Explanation

Answer: Option A

Explanation:

A = 20000(11/10)3

    = 26620

    = 20000

      ----------

         6620

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