Compound Interest (Railway Maths) (Part – II)

Total Questions: 50

11. Kiran lent ₹40,000 to Kishore on compound interest for 2 years, compounded annually. The rate of interest is 20%. What is the compound interest that Kiran will receive after 2 years? [Level 3 (14/06/2022) Shift 2]

Correct Answer: (b) ₹17,600
Solution:

12. A sum of money invested at a certain rate of compound interest per annum amounts to Rs 96,800 in 2 years and to Rs 1,06,480 in 3 years. Find the rate of compound interest per annum. [Level 5 (15/06/2022) Shift 1]

Correct Answer: (b) 10%
Solution:

13. On compound interest, a certain sum becomes ₹19,360 after 2 years and ₹21,296 after 3 years. Find the simple interest on the same sum at the same rate of interest for 3 years. [Level 5 (15/06/2022) Shift 2]

Correct Answer: (d) ₹4,800
Solution:

14. A sum of ₹10,000 was invested on compound interest in two parts. One part at 10% p.a. and the other at 20% p.a., compounded yearly for two years. If the total amount received on maturity after two years was ₹12,928, then find the sum that was invested at 10% compound interest p.a. [Level 5 (15/06/2022) Shift 3]

Correct Answer: (c) 6400
Solution:

15. The difference between the compound interest and the simple interest earned on a certain sum of money in two years at 9% interest per annum is Rs 97.2. Find the sum invested. [Level 5 (15/06/2022) Shift 3]

Correct Answer: (d) 12000
Solution:

16. Find the compound interest on ₹100000 at 20% per annum for 3 years 3 months, compounded annually. [Level 2 (16/06/2022) Shift 1]

Correct Answer: (b) ₹81,440
Solution:

17. Find the answer of given question? [Level 2 (16/06/2022) Shift 2 ]

Correct Answer: (a) 3906
Solution:

18. A part of Rs 55,800 was invested in Scheme A for 2 years at 20% per annum compound interest, compounded annually, and the rest of the money was invested in Scheme B at 20% per annum simple interest for 4 years. Both the schemes earned equal interests. How much was invested in Scheme A? [Level 2 (16/06/2022) Shift 2]

Correct Answer: (a) 36,000
Solution:

19. If ₹5,000 is invested for a period of three years at 20% compound interest per annum, compounded annually, what will be the amount received after 3 years? [Level 2 (16/06/2022) Shift 3]

Correct Answer: (a) 8,640
Solution:

20. What would be the interest payable on a sum of ₹15,000 after 2 years if the interest is compounded yearly at 2% per annum? [Level 3 (17/06/2022) Shift 1]

Correct Answer: (a) ₹606
Solution: