PPSCFPSCNTSPakistan govt jobs
- Subject
- Compound Interestmathematics-mcqs › compound-interest
- Published
- 23 Sept 2019
- Last updated
- 28 May 2026
Explanation
To find the compound interest, first compute the total amount using the formula: Amount = Principal × (1 + Rate/100)^Time = 25000 × (1 + 0.12)^3 = 25000 × (1.12)^3 = 25000 × 1.404928 = Rs. 35123.20. The compound interest is the difference between the total amount and the principal: 35123.20 - 25000 = Rs. 10123.20.
More Compound Interest MCQs
Practice related questions from the same subject.
- 1.Hafeez invested Rs. 15,000 at an annual interest rate of 10%, compounded semi-annually. What will be the total amount he receives after one year?
- 2.A person deposits Rs. 200 at the end of each year and lends it at a compound interest rate of 5%. What will be the total amount after 3 years?
- 3.Shohaib placed Rs. 8000 in a fixed deposit scheme for 2 years with an annual compound interest rate of 5%. What will be the total amount received by Shohaib at the end of the tenure?
- 4.Afnan borrows Rs.6000 at a simple interest rate of 6% per annum and then invests the same amount at compound interest at the identical rate for two years. What is his net gain from this transaction?
- 5.Rayan invested money at two simple interest rates: 6% per annum and 7% per annum. If the interest earned from both investments is the same, what is the ratio of the amounts invested at these two rates?
- 6.If Rs.12,000 earns Rs.7,200 as simple interest over five years at a certain rate, what is the compound interest on the same principal and period at that rate?
- 7.What is the difference in compound interest earned on Rs. 12,000 at an annual rate of 20% when compounded annually versus semi-annually for one year?
- 8.The compound interest and simple interest on a certain principal amount at the same rate for two years are Rs.11730 and Rs.10200 respectively. What is the principal amount?
More in Mathematics Mcqs
- Areas
- Arithmetic Mcqs
- Average Mcqs
- Basic Maths Mcqs
- Boats and Streams
- Discount Mcqs
- Height and Distance Mcqs
- Math Solutions
- Men Food Mcqs
- Mensuration
- Mixtures and Allegations
- Odd Man Out Series Mcqs
- Partnership
- Percentage Mcqs
- Permutations and Combinations
- Pipes and Cisterns
- Probability
- Problems on L.C.M and H.C.F
- Problems on Numbers
- Profit and Loss Mcqs
- Quadratic Equations
- Races and Games
- Ratio and Proportion
- Simple Equations
- Simplification and Approximation
- Stocks and Shares Mcqs
- Time & Distance Mcqs
- Time and Work Mcqs
- Volume and Surface Area Mcqs
- Volumes
- interest Mcqs