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- Subject
- Compound Interestmathematics-mcqs › compound-interest
- Published
- 23 Sept 2019
- Last updated
- 28 May 2026
Explanation
Given the amounts after 2 and 3 years under compound interest, the principal is Rs. 8000. This is found by dividing the amount after 2 years by (1 + rate)^2 or by calculating the rate from the increase between years 2 and 3 and then computing the original sum.
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.Calculate the compound interest earned on Rs. 25,000 invested for 3 years at an annual interest rate of 12%.
- 4.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?
- 5.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?
- 6.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?
- 7.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?
- 8.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?
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