Compounding interest annually

Practice problems on calculating compound interest, including finding amounts, interest earned, principal amounts, time periods, and interest rates. Covers annual, half-yearly, and quarterly compounding scenarios.

64 Questions Published

Questions

Question 1 Multiple Choice (Single Answer)

Choose the most appropriate option.
The value of a machine depreciates every year at the rate of $10%$ on its value at the beginning of that year. If the present value of the machine is Rs. $729$, its worth three years ago was?

  1. Rs. $947.70$
  2. Rs. $1,000$
  3. Rs. $750.87$
  4. Rs. $800$
Question 2 Multiple Choice (Single Answer)

Find the amount of Rs 12000 after 2 years compounded annually the rate of interest being 5 % pa during the first year and 6% pa during the second year also find the compound interest?

  1. Rs 1356
  2. Rs 1200
  3. Rs 1256
  4. Rs None of these
Question 3 Multiple Choice (Single Answer)

A sum of money at CI amounts to thrice itself in $3$ years. In how many years will it be $9$ times itself?

  1. $18$
  2. $12$
  3. $6$
  4. $3$
Question 4 Multiple Choice (Single Answer)

A man borrowed Rs.$60,000$ for $2$ years at $8$ % per year compound interest. 

Calculate the final amount at the end of the second year.

  1. Rs. $68,984$
  2. Rs. $69,744$
  3. Rs. $69,910$
  4. Rs. $69,984$
Question 5 Multiple Choice (Single Answer)

What amount will sum up to Rs. $6,6550$ at $10$% p.a. in C.I. in $3$ years?

  1. $40000$
  2. $50000$
  3. $60000$
  4. $70000$
Question 6 Multiple Choice (Single Answer)

A sum of Rs. $8,000$ is invested for $3$ years at $10 %$ per annum compound interest. Calculate the interest for the second year.

  1. $440$
  2. $880$
  3. $330$
  4. $800$
Question 7 Multiple Choice (Single Answer)

In what time will Rs, $15,000$ yield Rs. $4965$ as compound interest at $10$% per year compounded annually?

  1. $3$ years
  2. $2$ years
  3. $1$ years
  4. $4$ years
Question 8 Multiple Choice (Single Answer)

Find the compound interest on Rs. $70,000$ for $2$ years, compounded annually at $10%$ per annum.

  1. $14,400$
  2. $14,700$
  3. $14,300$
  4. $14,100$
Question 9 Multiple Choice (Single Answer)

A finance company declares that, with compound interest rate, a sum of money deposited by anyone will become $8$ times in three years. if the same amount is deposited at the same compound-rate of interest, then in how many years it will become $128$ times?

  1. $4$
  2. $5$
  3. $6$
  4. $7$
Question 10 Multiple Choice (Single Answer)

What sum of money will amount to Rs. $63,888$ in three years at $10$% per annum compounded yearly?

  1. $50,000$
  2. $48,000$
  3. $46,000$
  4. $40,000$
Question 11 Multiple Choice (Single Answer)

A sum of Rs.$12,000$ is invested for $3$ years at $18$ % per annum compound interest. Calculate the interest for the second year.

  1. $2500$
  2. $2525$
  3. $2550$
  4. $2575$
Question 12 Multiple Choice (Single Answer)

What sum of money will amount to Rs. $18873$ in three years at $19$% per annum compounded yearly?

  1. $8000$
  2. $10000$
  3. $12000$
  4. $11200$
Question 13 Multiple Choice (Single Answer)

A sum of Rs.$12,000$ is invested for $3$ years at $18$ % per annum compound interest. Calculate the interest for the third year.

  1. $2700$
  2. $2800$
  3. $2900$
  4. $3000$
Question 14 Multiple Choice (Single Answer)

A sum of Rs.$25,000$ is invested for $3$ years at $20$ % per annum compound interest. Calculate the interest for the third year.

  1. $6000$
  2. $7200$
  3. $8400$
  4. $5000$
Question 15 Multiple Choice (Single Answer)

The compound interest on $Rs. 64,000$ for $3$ years, compounded annually at $7.5$% per annum is

  1. $Rs. 14,400$
  2. $Rs. 15,705$
  3. $Rs. 15,507$
  4. $Rs. 15,075$
Question 16 Multiple Choice (Single Answer)

If the amount is $2 \dfrac{1}{4}$ times the sum after 2 years at compound interest, the rate of interest, per annum is 

  1. 25%
  2. 30%
  3. 40%
  4. 50%
Question 17 Multiple Choice (Single Answer)

Find the money which when invested for $1.5$ years and compounded annually at the rate of $8$% per annum, amounts to Rs. $175.37.$

  1. $168.21$
  2. $156.13$
  3. $159.36$
  4. none
Question 18 Multiple Choice (Single Answer)

Priyanka borrowed $Rs8,000$ at $12%$ simple interest for $3$years and lent it to Renu for $3$ years at $15%$ per annum compound interested, compounded annually, Priyanka's profit at the end of $3$ years is

  1. $Rs.2,880$
  2. $Rs.1,287$
  3. $Rs.4,167$
  4. none of these
Question 19 Multiple Choice (Single Answer)

The compound interest on $Rs5,000$ at $4%$ per annum for $2$ years compounded annually will be

  1. $Rs806$
  2. $Rs708$
  3. $Rs5,408$
  4. $Rs408$
Question 20 Multiple Choice (Single Answer)

Calculate the amount and compound interest on Rs. $62,500$ for $1\frac{1}{2}$ years at 8% per annum compounded half yearly.

  1. Amount =Rs. 70304, compound interest=Rs. 7804
  2. Amount =Rs. 70304, compound interest=Rs. 7404
  3. Amount =Rs. 70204, compound interest=Rs. 7804
  4. Amount =Rs. 70442, compound interest=Rs. 7804
Question 21 Multiple Choice (Single Answer)

Compound interest at 5% per annum is charged on Rs.1000. The prinicipal for the second year is

  1. Rs.1025
  2. Rs.1050
  3. Rs.1075
  4. Rs.1102
Question 22 Multiple Choice (Single Answer)

A sum of money placed at C. I. doubles itself in 5 years. It will amount to eight times itself in ............

  1. 15 years
  2. 20 years
  3. 12 years
  4. 10 years
Question 23 Multiple Choice (Single Answer)

A man borrow Rs. 10,000 at 5% per annum compound interest. He repays 35% of the sum borrowed at the end of the first year and 42% of the sum borrowed at the end of the second year. How much must be pay at the end of the third year in order to clear the debt?

  1. Rs. 3,398.50
  2. Rs. 3,371.50
  3. Rs. 3,333.50
  4. Rs. 3,307.50
Question 24 Multiple Choice (Single Answer)

Saurabh invests Rs. 48,000 for 7 year at 10% per annum compound interest. Calculate: The interest for the first year.

  1. Rs. 4,800
  2. Rs. 4,900
  3. Rs. 5,000
  4. Rs. 5,100
Question 25 Multiple Choice (Single Answer)

A sum of Rs. $13,500$ is invested at $16%$ per annum compound interset for $5$ years. Calculate the amount at the end of the first year

  1. Rs. 15,660
  2. Rs. 17,890
  3. Rs. 19,535
  4. Rs. 20,990
Question 26 Multiple Choice (Single Answer)

Ramesh invests Rs. 12,800 for three years at the rate of 10% per annum compound interest. Find the sum due to Ramesh at the end of the first year

  1. Rs. $14,080$
  2. Rs. $15,691$
  3. Rs. $17,776$
  4. Rs. $148,342$
Question 27 Multiple Choice (Single Answer)

A sum of Rs. $13,500$ is invested at $16%$ per annum compound interset for $5$ years. Calculate the interest for the first year

  1. Rs. $2,690$
  2. Rs. $2,460$
  3. Rs. $2,230$
  4. Rs. $2,160$
Question 28 Multiple Choice (Single Answer)

Saurabh invests Rs. 48,000 for 7 year at 10% per annum compound interest. Calculate: The interest for the third year 

  1. Rs. 6,411
  2. Rs. 5,808
  3. Rs. 5,269
  4. Rs. 4,922
Question 29 Multiple Choice (Single Answer)

Ramesh invests Rs. 12,800 for three years at the rate of 10% per annum compound interest. Find the interest he earns for the second year.

  1. Rs. 1,162
  2. Rs. 1,243
  3. Rs. 1,408
  4. Rs. 1,591
Question 30 Multiple Choice (Single Answer)

It is estimated that every year the value of a machine depreciates by 20% of its value at the beginning of the year. Calculate the original valu of the machine, if its value after two year is Rs. 10,240.

  1. Rs. 21,000
  2. Rs. 19,000
  3. Rs. 17,000
  4. Rs. 16,000
Question 31 Multiple Choice (Single Answer)

A sum of Rs. $13,500$ is invested at $16%$ per annum compound interest for $5$ years. Calculate the interest for the second year, correct to the nearest rupee.

  1. Rs. 2,106
  2. Rs. 2,279
  3. Rs. 2,506
  4. Rs. 2,792
Question 32 Multiple Choice (Single Answer)

A sum of money placed out at compound interest amounts to Rs. 20,160 in 3 years and to Rs. 24,192 in 4 years. Calculate amount in 2 years.

  1. Rs. 12,500
  2. Rs. 16,800
  3. Rs. 19,600
  4. None of these
Question 33 Multiple Choice (Single Answer)

Ramesh invests Rs. 12,800 for three years at the rate of 10% per annum compound interest. Find the total amount due to him at the end of the third year.

  1. Rs. 16,036.80
  2. Rs. 17,036.80
  3. Rs. 18,036.80
  4. Rs. 19,036.80
Question 34 Multiple Choice (Single Answer)

The compound interest, calculated by yearly, on a certain sum of money for the second year is Rs. 864 and the third year is Rs. 933.12. calculate the rate of interest and the compouned interest on the same sum and at the same rate, for the fourth year.

  1. 0
  2. $Rs. 1007.77$
  3. $Rs. 1000$
  4. $Rs. 1100$
Question 35 Multiple Choice (Single Answer)

If the present value of my investment is Rs. $2,000$ and the rate of interest is $5%$ compounded annually, what will the value be after $5$ years?

  1. $2341.12$
  2. $1348.90$
  3. $2552.56$
  4. $3129.10$
Question 36 Multiple Choice (Single Answer)

The principal that amounts to Rs. $4913$ in $4\dfrac{1}{2}$ years at $6%$ per annum compound interest, compounded annually, is

  1. $3179.81$
  2. $3579.81$
  3. $3779.81$
  4. $3979.81$
Question 37 Multiple Choice (Single Answer)

On what sum will the compound interest for $4\dfrac{1}{2}$ years at $10%$ amount to Rs. $4620$?

  1. $2008.67$
  2. $3008.67$
  3. $4008.67$
  4. $5008.67$
Question 38 Multiple Choice (Single Answer)

What will a deposit of Rs. $3,500$ at $10%$ compounded monthly be worth if left in the bank for $5\dfrac{1}{2}$ years?

  1. $1552.45$
  2. $2552.45$
  3. $3552.45$
  4. $4552.45$
Question 39 Multiple Choice (Single Answer)

The compound interest on Rs. $4000$ at $3%$ per annum for $3\dfrac{1}{2}$ years, compounded annually, is

  1. $135.99$
  2. $235.99$
  3. $335.99$
  4. $435.99$
Question 40 Multiple Choice (Single Answer)

Lauren puts Rs. $600.00$ into an account to use for school expenses. The account earns $3%$ interest, compounded annually. How much will be in the account after $6\dfrac{1}{2}$ years?

  1. $527.1$
  2. $627.1$
  3. $727.1$
  4. $827.1$
Question 41 Multiple Choice (Single Answer)

Babu opened a savings account and deposited Rs. $1200.00$ as principal. The account earns $10%$ interest, compounded annually. What is the balance after $2\dfrac{1}{2}$ years?

  1. Rs. $1522.87$
  2. Rs. $1400.67$
  3. Rs. $1456.37$
  4. None of these
Question 42 Multiple Choice (Single Answer)

Edwin opened a savings account and deposited Rs. $3000$ as principal. The account earns $5%$ interest, compounded annually. What is the balance after $10$ years?

  1. $4886$
  2. $4566$
  3. $4658$
  4. $5460$
Question 43 Multiple Choice (Single Answer)

Elsa puts Rs. $1000$ into an account to use for school expenses. The account earns $10%$ interest, compounded annually. How much will be in the account after $3$ years?

  1. $1210$
  2. $2210$
  3. $3210$
  4. $4210$
Question 44 Multiple Choice (Single Answer)

Calculate the amount and the compound interest on a sum of Rs. $20000$ at the end of $3$ years at the rate of $10%$ p.a. compounded annually.

  1. $6620$
  2. $5620$
  3. $3410$
  4. $2386$
Question 45 Multiple Choice (Single Answer)

A man invests Rs. $3000$ for four years at a certain rate of interest, compounded annually. At the end of one year it amounts to Rs. $4500$. Calculate the rate of interest per annum.

  1. $10\%$
  2. $20\%$
  3. $50\%$
  4. $30\%$
Question 46 Multiple Choice (Single Answer)

The monthly salary of a worker in a factor increases every year by $10%$. If the present monthly salary of a worker is Rs. $2500$, find his monthly salary after $2$ years.

  1. $1025$
  2. $2025$
  3. $3025$
  4. $4025$
Question 47 Multiple Choice (Single Answer)

A sum of Rs. $1728$ becomes Rs. $3375$ in $3$ years at compound interest, compound annually. Find the rate of interest.

  1. $10\%$
  2. $15\%$
  3. $20\%$
  4. $25\%$
Question 48 Multiple Choice (Single Answer)

Raghu borrowed Rs. $25,000$ at $20%$ p.a. compounded half-yearly. What amount of money will discharge his debt after $1 \displaystyle \frac{1}{2}$ years ?

  1. Rs. $28,275$
  2. Rs. $30,275$
  3. Rs. $33,275$
  4. Rs. $35,275$
Question 49 Multiple Choice (Single Answer)

What is the difference between the compound interests on Rs. $10,000$ for $\displaystyle1\frac{1}{2}$ years at $4%$ per annum compounded yearly and half-yearly?

  1. Rs. $4.04$
  2. Rs. $4.08$
  3. Rs. $4.12$
  4. Rs. $5$
Question 50 Multiple Choice (Single Answer)

A sum of Rs. $15,000$ is invested for $3$ years at $10 %$ per annum compound interest. Calculate the interest for the second year.

  1. Rs. $1,680$
  2. Rs. $1,650$
  3. Rs. $1,710$
  4. Rs. $1,640$
Question 51 Multiple Choice (Single Answer)

Aman borrowed Rs.$1,20,000$ for $2$ years at $8$ % per year compound interest. Calculate the final amount at the end of the second year.

  1. $1,39,968$
  2. $1,38,968$
  3. $1,39,743$
  4. $1,39,928$
Question 52 Multiple Choice (Single Answer)

Find the compound interest on Rs. $2,000$ for $2$ years, compounded annually at $10%$ per annum.

  1. $400$
  2. $410$
  3. $420$
  4. $430$
Question 53 Multiple Choice (Single Answer)

Find the compound interest on Rs. $20,000$ for $2$ years, compounded annually at $10%$ per annum.

  1. $4200$
  2. $4300$
  3. $4400$
  4. $4500$
Question 54 Multiple Choice (Single Answer)

Find the compound interest on Rs. $100,000$ for $2$ years, compounded annually at $10%$ per annum.

  1. $20000$
  2. $21000$
  3. $22000$
  4. $23000$
Question 55 Multiple Choice (Single Answer)

The Amount on Rs. $20,000$ at $\displaystyle6\frac{1}{4}%$ per annum compunded annually for $2$ years $73$ days, is:

  1. $57205$
  2. $56405$
  3. $22860$
  4. $50000$
Question 56 Multiple Choice (Single Answer)

What sum of money will amount to Rs. $18738$ in four years at $17$% per annum compounded yearly?

  1. $10,000$ Rs.
  2. $12,000$ Rs.
  3. $13,000$ Rs.
  4. $15,000$ Rs.
Question 57 Multiple Choice (Single Answer)

A sum of Rs.$15,000$ is invested for $3$ years at $13$ % per annum compound interest. Calculate the compound interest.

  1. $6500.435$
  2. $6689.245$
  3. $6643.455$
  4. $6276.585$
Question 58 Multiple Choice (Single Answer)

Raman borrowed Rs.$1,20,000$ for $4$ years at $8$ % per year compound interest. Calculate the final amount at the end of four years.

  1. $1,63,250$
  2. $1,53,250$
  3. $1,63,700$
  4. $1,66,250$
Question 59 Multiple Choice (Single Answer)

The amount on Rs. $20,500$ at $7%$ per annum compunded annually for $2$ years, is:

  1. $22470$
  2. $23470$
  3. $24470$
  4. $25470$
Question 60 Multiple Choice (Single Answer)

A sum of Rs $15,000$ is invested for $3$ years at $13$ % per annum compound interest. Calculate the approx interest for the second year.

  1. $2100$
  2. $2200$
  3. $2300$
  4. $2400$
Question 61 Multiple Choice (Single Answer)

Vikram borrowed Rs. $20,000$ for $4\dfrac{1}{2}$ years at $10%$ per annum, compound annually. How much compound interest would he pay at the end of $4\dfrac{1}{2}$ years?

  1. $30711.22$
  2. $20711.22$
  3. $40711.22$
  4. $10711.22$
Question 62 Multiple Choice (Single Answer)

Joshita is having a bank account whose principal is Rs. $12000$ and her bank compounds the interest thrice a year at an interest rate of $15%$, how much money did she have in her account at the year's end?

  1. $18250.50$
  2. $28250.50$
  3. $38250.50$
  4. $48250.50$