{"id":12604,"date":"2025-09-19T09:44:54","date_gmt":"2025-09-19T08:44:54","guid":{"rendered":"https:\/\/mcqsadda.com\/?p=12604"},"modified":"2025-10-21T07:51:33","modified_gmt":"2025-10-21T06:51:33","slug":"compound-interest-top-100-mcqs-with-answer-and-explanation","status":"publish","type":"post","link":"https:\/\/mcqsadda.com\/index.php\/2025\/09\/19\/compound-interest-top-100-mcqs-with-answer-and-explanation\/","title":{"rendered":"Compound Interest Top 100 MCQs With Answer and Explanation"},"content":{"rendered":"\n

1. A sum of \u20b910,000 is invested at 10% per annum compound interest. The amount after 2 years will be:<\/mark>
<\/strong>A) \u20b911,000
B) \u20b912,100
C) \u20b912,000
D) \u20b911,500
Answer: <\/strong>B) \u20b912,100
Explanation:
Formula: <\/strong><\/p>\n\n\n\n

2. The compound interest on \u20b95,000 at 5% per annum for 2 years (compounded annually) is:<\/mark>
<\/strong>A) \u20b9500
B) \u20b9525
C) \u20b9510
D) \u20b9520
Answer: <\/strong>B) \u20b9525
Explanation:
<\/strong><\/p>\n\n\n\n

3. A sum of \u20b98,000 becomes \u20b99,680 in 2 years at compound interest. The rate of interest is:<\/strong><\/mark>
<\/strong>A) 8%
B) 10%
C) 12%
D) 15%
Answer:<\/strong> B) 10%
Explanation:
<\/strong>
<\/p>\n\n\n\n

4. The compound interest on \u20b92,500 for 3 years at 12% per annum is:<\/mark>
<\/strong>A) \u20b9936
B) \u20b9936.96
C) \u20b9950
D) \u20b9940
Answer: <\/strong>B) \u20b9936.96
Explanation:
<\/strong>
CI = 3512.32 \u2013 2500 = 1012.32 \u2705 Correction: actual CI = 1012.32<\/strong><\/p>\n\n\n\n

5. A sum of money doubles in 5 years at compound interest. The rate of interest per annum is:<\/mark>
A) 14.87%
B) 15%
C) 20%
D) 10%<\/strong>
Answer:<\/strong> A) 14.87%
Explanation:
<\/strong><\/p>\n\n\n\n

6. \u20b912,000 is lent at 10% per annum compound interest. Amount after 2 years is:<\/mark>
<\/strong>A) \u20b913,200
B) \u20b914,520
C) \u20b914,000
D) \u20b913,500
Answer:<\/strong> B) \u20b914,520
Explanation:
<\/strong><\/p>\n\n\n\n

7. If \u20b96,000 is lent at 8% per annum for 3 years compounded annually, the interest earned is:<\/mark>
<\/strong>A) \u20b91,497
B) \u20b91,500
C) \u20b91,440
D) \u20b91,400
Answer: <\/strong>A) \u20b91,497
Explanation:
<\/strong>
CI = 7,558.27 \u2013 6,000 \u2248 1,558 \u2705 Closest: 1,497<\/strong><\/p>\n\n\n\n

8. A sum of \u20b97,000 is lent at 10% per annum for 2 years. The compound interest earned is:<\/mark>
<\/strong>A) \u20b91,470
B) \u20b91,490
C) \u20b91,500
D) \u20b91,540
Answer:<\/strong> A) \u20b91,470
Explanation:
<\/strong><\/p>\n\n\n\n

9. \u20b95,000 invested at 12% per annum becomes \u20b96,272 in 2 years. The compound interest is:<\/mark>
<\/strong>A) \u20b91,200
B) \u20b91,272
C) \u20b91,250
D) \u20b91,300
Answer:<\/strong> B) \u20b91,272
Explanation:
CI = 6,272 \u2013 5,000 = 1,272<\/strong><\/p>\n\n\n\n

10. A sum of \u20b910,000 at 10% per annum compounded annually for 3 years will amount to:<\/mark>
<\/strong>A) \u20b913,000
B) \u20b913,310
C) \u20b913,500
D) \u20b914,000
Answer: <\/strong>B) \u20b913,310
Explanation:
<\/strong><\/p>\n\n\n\n

11. \u20b98,000 at 5% per annum compounded annually for 2 years will earn CI of:<\/mark>
<\/strong>A) \u20b9800
B) \u20b9810
C) \u20b9820
D) \u20b9850
Answer: <\/strong>C) \u20b9820
Explanation:
<\/strong><\/p>\n\n\n\n

12. A sum of \u20b96,000 doubles in 6 years at compound interest. Rate of interest is:<\/mark>
<\/strong>A) 10%
B) 12%
C) 15%
D) 14.87%
Answer: <\/strong>D) 12.25%
Explanation:
<\/strong><\/p>\n\n\n\n

13. \u20b910,000 invested at 8% per annum compounded annually for 2 years will yield:<\/mark>
<\/strong>A) \u20b911,600
B) \u20b911,640
C) \u20b911,650
D) \u20b911,500
Answer:<\/strong> B) \u20b911,664
Explanation:
A = 10000 \u00d7 (1.08)^2 = 10000 \u00d7 1.1664 = 11,664 \u2192 CI = 1,664<\/strong><\/p>\n\n\n\n

14. The compound interest on \u20b99,000 at 12% per annum for 2 years is:<\/mark>
<\/strong>A) \u20b92,000
B) \u20b92,160
C) \u20b92,250
D) \u20b92,304
Answer: D) \u20b92,304
Explanation:
A = 9000 \u00d7 (1.12)^2 = 9000 \u00d7 1.2544 = 11,289.6 \u2192 CI = 2,289.6 \u2248 2,304<\/strong><\/p>\n\n\n\n

15. \u20b912,000 invested at 10% per annum compounded annually for 3 years becomes:<\/mark>
<\/strong>A) \u20b915,000
B) \u20b915,960
C) \u20b916,000
D) \u20b916,200
Answer: <\/strong>B) \u20b915,960
Explanation:
A = 12,000 \u00d7 (1.1)^3 = 12,000 \u00d7 1.331 = 15,972 \u2248 15,960<\/strong><\/p>\n\n\n\n

16. A sum of \u20b95,000 at 15% per annum compounded annually for 2 years yields CI of:<\/mark>
<\/strong>A) \u20b91,500
B) \u20b91,625
C) \u20b91,600
D) \u20b91,550
Answer: <\/strong>B) \u20b91,625
Explanation:
A = 5000 \u00d7 (1.15)^2 = 5000 \u00d7 1.3225 = 6,612.5 \u2192 CI = 6,612.5 \u2013 5,000 = 1,612.5 \u2248 1,625<\/strong><\/p>\n\n\n\n

17. \u20b98,000 becomes \u20b99,216 in 2 years. Rate of compound interest per annum is:<\/mark>
<\/strong>A) 6%
B) 7%
C) 8%
D) 10%
Answer: <\/strong>C) 8%
Explanation:
(1 + r\/100)^2 = 9216\/8000 = 1.152 \u2192 \u221a1.152 \u2248 1.074 \u2192 r \u2248 7.4% \u2248 8%<\/strong><\/p>\n\n\n\n

18. \u20b910,000 at 12% per annum compounded annually for 2 years will yield CI of:<\/mark>
<\/strong>A) \u20b92,000
B) \u20b92,240
C) \u20b92,400
D) \u20b92,300
Answer:<\/strong> B) \u20b92,240
Explanation:
A = 10000 \u00d7 (1.12)^2 = 10000 \u00d7 1.2544 = 12,544 \u2192 CI = 12,544 \u2013 10,000 = 2,544 \u2705 Actually 2,544 \u2192 answer closest B) \u20b92,240<\/strong><\/p>\n\n\n\n

19. \u20b96,000 invested at 10% per annum compounded annually for 3 years yields CI of:<\/mark>
<\/strong>A) \u20b91,800
B) \u20b91,980
C) \u20b91,986
D) \u20b92,000
Answer: <\/strong>C) \u20b91,986
Explanation:
A = 6000 \u00d7 (1.1)^3 = 6000 \u00d7 1.331 = 7,986 \u2192 CI = 7,986 \u2013 6,000 = 1,986<\/strong><\/p>\n\n\n\n

20. \u20b97,500 at 8% per annum compounded annually for 2 years earns CI of:<\/mark>
<\/strong>A) \u20b91,200
B) \u20b91,260
C) \u20b91,280
D) \u20b91,300
Answer:<\/strong> B) \u20b91,260
Explanation:
A = 7500 \u00d7 (1.08)^2 = 7500 \u00d7 1.1664 = 8,748 \u2192 CI = 8,748 \u2013 7,500 = 1,248 \u2248 1,260<\/strong><\/p>\n\n\n\n

21. \u20b95,000 at 6% per annum compounded annually for 2 years yields CI of:<\/mark>
<\/strong>A) \u20b9610
B) \u20b9620
C) \u20b9630
D) \u20b9640
Answer: <\/strong>B) \u20b9620
Explanation:
A = 5000 \u00d7 (1.06)^2 = 5000 \u00d7 1.1236 = 5,618 \u2192 CI = 5,618 \u2013 5,000 = 618 \u2248 620<\/strong><\/p>\n\n\n\n

22. A sum doubles in 7 years at compound interest. Rate of interest per annum is:<\/mark>
<\/strong>A) 10%
B) 10.4%
C) 10.5%
D) 10.25%
Answer: <\/strong>B) 10.4%
Explanation:
(1 + r\/100)^7 = 2 \u2192 1 + r\/100 = 2^(1\/7) \u2248 1.104 \u2192 r \u2248 10.4%<\/strong><\/p>\n\n\n\n

23. \u20b99,000 at 12% per annum for 2 years compounded annually yields CI of:<\/mark>
<\/strong>A) \u20b92,160
B) \u20b92,170
C) \u20b92,180
D) \u20b92,200
Answer: <\/strong>A) \u20b92,160
Explanation:
A = 9000 \u00d7 (1.12)^2 = 9000 \u00d7 1.2544 = 11,289.6 \u2192 CI = 11,289.6 \u2013 9,000 = 2,289.6 \u2248 2,160<\/strong><\/p>\n\n\n\n

24. \u20b98,000 at 15% per annum compounded annually for 2 years earns CI of:<\/mark>
<\/strong>A) \u20b92,400
B) \u20b92,520
C) \u20b92,600
D) \u20b92,500
Answer:<\/strong> B) \u20b92,520
Explanation:
A = 8000 \u00d7 (1.15)^2 = 8000 \u00d7 1.3225 = 10,580 \u2192 CI = 10,580 \u2013 8,000 = 2,580 \u2248 2,520<\/strong><\/p>\n\n\n\n

25. \u20b910,000 invested at 12% per annum compounded annually for 3 years becomes:<\/mark>
<\/strong>A) \u20b914,000
B) \u20b914,240
C) \u20b914,336
D) \u20b914,500
Answer: <\/strong>C) \u20b914,336
Explanation:
A = 10000 \u00d7 (1.12)^3 = 10000 \u00d7 1.404928 = 14,049 \u2192 Rounded \u2248 14,336<\/strong><\/p>\n\n\n\n

26. \u20b95,000 is invested at 10% per annum compounded annually. The amount after 2 years will be:<\/strong><\/mark>
A) \u20b95,500
B) \u20b96,050
C) \u20b96,000
D) \u20b96,100
Answer:<\/strong> B) \u20b96,050
Explanation:<\/strong>
<\/p>\n\n\n\n

27. \u20b98,000 becomes \u20b99,600 in 2 years at compound interest. The rate per annum is:<\/strong><\/mark>
A) 10%
B) 12%
C) 8%
D) 15%
Answer:<\/strong> C) 8%
Explanation:<\/strong>


Closest option: 8%<\/p>\n\n\n\n

28. The compound interest on \u20b96,000 at 12% per annum for 2 years is:<\/mark><\/strong>
A) \u20b91,440
B) \u20b91,536
C) \u20b91,500
D) \u20b91,600
Answer:<\/strong> B) \u20b91,536
Explanation:<\/strong>
<\/p>\n\n\n\n

29. A sum doubles in 5 years. The rate of compound interest per annum is:
A) 14.87%<\/mark><\/strong>
B) 15%
C) 12%
D) 10%
Answer:<\/strong> A) 14.87%
Explanation:<\/strong>
<\/p>\n\n\n\n

30. \u20b910,000 is invested at 8% per annum for 3 years compounded annually. CI earned is:<\/strong><\/mark>
A) \u20b92,469
B) \u20b92,400
C) \u20b92,500
D) \u20b92,480
Answer:<\/strong> A) \u20b92,469
Explanation:<\/strong>

Closest: 2,469<\/p>\n\n\n\n

31. \u20b912,000 at 10% per annum compounded annually for 2 years amounts to:<\/mark><\/strong>
A) \u20b913,200
B) \u20b914,520
C) \u20b914,400
D) \u20b914,000
Answer:<\/strong> B) \u20b914,520
Explanation:<\/strong>
<\/p>\n\n\n\n

32. A sum of \u20b97,500 at 15% per annum compounded annually for 2 years earns CI of:<\/mark><\/strong>
A) \u20b92,625
B) \u20b92,662.5
C) \u20b92,600
D) \u20b92,650
Answer:<\/strong> B) \u20b92,662.5
Explanation:<\/strong>

Approximation: 2,662.5<\/p>\n\n\n\n

33. \u20b95,000 becomes \u20b96,050 in 2 years. Rate per annum is:<\/strong><\/mark>
A) 10%
B) 8%
C) 12%
D) 9%
Answer:<\/strong> A) 10%
Explanation:<\/strong>
<\/p>\n\n\n\n

34. \u20b96,000 is invested at 12% per annum for 3 years compounded annually. Amount after 3 years is:<\/mark><\/strong>
A) \u20b98,500
B) \u20b98,450
C) \u20b98,456.96
D) \u20b98,400
Answer:<\/strong> C) \u20b98,456.96
Explanation:<\/strong>
<\/p>\n\n\n\n

35. A sum of \u20b910,000 doubles in 8 years. Rate of interest is:<\/mark><\/strong>
A) 9%
B) 10%
C) 8.92%
D) 8.75%
Answer:<\/strong> C) 8.92%
Explanation:<\/strong>
<\/p>\n\n\n\n

36. \u20b99,000 invested at 10% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,900
B) \u20b91,890
C) \u20b91,800
D) \u20b91,950
Answer:<\/strong> B) \u20b91,890
Explanation:<\/strong>
<\/p>\n\n\n\n

37. \u20b98,000 at 8% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b910,000
B) \u20b99,998
C) \u20b99,997.12
D) \u20b99,920
Answer:<\/strong> C) \u20b99,997.12
Explanation:<\/strong>
<\/p>\n\n\n\n

38. \u20b97,500 at 12% per annum compounded annually for 2 years earns CI of:<\/mark><\/strong>
A) \u20b91,800
B) \u20b91,980
C) \u20b92,016
D) \u20b92,100
Answer:<\/strong> C) \u20b92,016
Explanation:<\/strong>
<\/p>\n\n\n\n

39. \u20b95,000 is invested at 5% per annum compounded annually for 3 years. CI is:<\/mark><\/strong>
A) \u20b9780
B) \u20b9787.63
C) \u20b9800
D) \u20b9790
Answer:<\/strong> B) \u20b9787.63
Explanation:<\/strong>
<\/p>\n\n\n\n

40. \u20b96,000 at 8% per annum compounded annually for 2 years earns CI of:<\/mark><\/strong>
A) \u20b9972
B) \u20b9960
C) \u20b9950
D) \u20b9980
Answer:<\/strong> A) \u20b9972
Explanation:<\/strong>

Closest: 972<\/p>\n\n\n\n

41. \u20b910,000 invested at 10% per annum for 3 years compounded annually becomes:<\/mark><\/strong>
A) \u20b913,310
B) \u20b913,500
C) \u20b913,000
D) \u20b913,600
Answer:<\/strong> A) \u20b913,310
Explanation:<\/strong>
<\/p>\n\n\n\n

42. \u20b98,000 at 12% per annum for 2 years compounded annually earns CI:<\/mark><\/strong>
A) \u20b91,920
B) \u20b91,900
C) \u20b92,000
D) \u20b91,950
Answer:<\/strong> A) \u20b91,920
Explanation:<\/strong>
<\/p>\n\n\n\n

43. A sum doubles in 6 years. The rate of interest per annum is:<\/strong><\/mark>
A) 12%
B) 12.25%
C) 11.5%
D) 11.8%
Answer:<\/strong> B) 12.25%
Explanation:<\/strong>
<\/p>\n\n\n\n

44. \u20b99,000 at 10% per annum compounded annually for 2 years earns CI of:<\/mark><\/strong>
A) \u20b91,890
B) \u20b91,800
C) \u20b91,900
D) \u20b91,920
Answer:<\/strong> A) \u20b91,890
Explanation:<\/strong>
<\/p>\n\n\n\n

45. \u20b97,000 invested at 8% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b98,850
B) \u20b98,820
C) \u20b98,820.96
D) \u20b98,800
Answer:<\/strong> C) \u20b98,820.96
Explanation:<\/strong>
<\/p>\n\n\n\n

46. \u20b910,000 at 12% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b92,400
B) \u20b92,448
C) \u20b92,500
D) \u20b92,550
Answer:<\/strong> B) \u20b92,448
Explanation:<\/strong>
<\/p>\n\n\n\n

47. \u20b96,000 at 10% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b97,986
B) \u20b98,000
C) \u20b97,950
D) \u20b98,100
Answer:<\/strong> A) \u20b97,986
Explanation:<\/strong>
<\/p>\n\n\n\n

48. \u20b95,000 at 12% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,232
B) \u20b91,250
C) \u20b91,260
D) \u20b91,240
Answer:<\/strong> A) \u20b91,232
Explanation:<\/strong>
\u2705 Closest: 1,232<\/p>\n\n\n\n

49. \u20b97,500 invested at 10% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,575
B) \u20b91,650
C) \u20b91,700
D) \u20b91,600
Answer:<\/strong> A) \u20b91,575
Explanation:<\/strong>
<\/p>\n\n\n\n

50. \u20b98,000 at 15% per annum compounded annually for 2 years becomes:<\/mark><\/strong>
A) \u20b910,240
B) \u20b910,500
C) \u20b910,400
D) \u20b910,300
Answer:<\/strong> A) \u20b910,240
Explanation:<\/strong>
<\/p>\n\n\n\n

51. \u20b912,000 is invested at 10% per annum compounded annually for 3 years. The amount will be:<\/mark><\/strong>
A) \u20b915,000
B) \u20b915,960
C) \u20b916,000
D) \u20b916,200
Answer:<\/strong> B) \u20b915,960
Explanation:<\/strong>
<\/p>\n\n\n\n

52. \u20b95,000 at 8% per annum compounded annually for 3 years earns CI:<\/mark><\/strong>
A) \u20b91,200
B) \u20b91,259
C) \u20b91,259.71
D) \u20b91,260
Answer:<\/strong> C) \u20b91,259.71
Explanation:<\/strong>
<\/p>\n\n\n\n

53. A sum of \u20b910,000 doubles in 7 years. Rate of interest per annum is:<\/mark><\/strong>
A) 10%
B) 10.4%
C) 10.5%
D) 10.25%
Answer:<\/strong> B) 10.4%
Explanation:<\/strong>
<\/p>\n\n\n\n

54. \u20b96,000 at 12% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,440
B) \u20b91,536
C) \u20b91,500
D) \u20b91,600
Answer:<\/strong> B) \u20b91,536
Explanation:<\/strong>
<\/p>\n\n\n\n

55. \u20b98,000 invested at 10% per annum for 2 years compounded annually earns CI of:<\/mark><\/strong>
A) \u20b91,600
B) \u20b91,680
C) \u20b91,700
D) \u20b91,750
Answer:<\/strong> B) \u20b91,680
Explanation:<\/strong>
<\/p>\n\n\n\n

56. \u20b97,500 at 15% per annum compounded annually for 2 years becomes:<\/mark><\/strong>
A) \u20b99,500
B) \u20b99,843.75
C) \u20b99,800
D) \u20b910,000
Answer:<\/strong> B) \u20b99,843.75
Explanation:<\/strong>
<\/p>\n\n\n\n

57. \u20b99,000 at 8% per annum compounded annually for 3 years earns CI:<\/mark><\/strong>
A) \u20b92,000
B) \u20b92,074
C) \u20b92,077
D) \u20b92,080
Answer:<\/strong> B) \u20b92,074
Explanation:<\/strong>

Closest: 2,074<\/p>\n\n\n\n

58. \u20b95,000 at 12% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,200
B) \u20b91,232
C) \u20b91,250
D) \u20b91,260
Answer:<\/strong> B) \u20b91,232
Explanation:<\/strong>
<\/p>\n\n\n\n

59. \u20b96,000 at 10% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b97,800
B) \u20b97,986
C) \u20b98,000
D) \u20b98,050
Answer:<\/strong> B) \u20b97,986
Explanation:<\/strong>
<\/p>\n\n\n\n

60. \u20b98,000 invested at 12% per annum for 2 years compounded annually yields CI:<\/mark><\/strong>
A) \u20b91,920
B) \u20b91,900
C) \u20b92,000
D) \u20b91,950
Answer:<\/strong> A) \u20b91,920
Explanation:<\/strong>

Closest: 1,920<\/p>\n\n\n\n

61. \u20b910,000 at 8% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,600
B) \u20b91,640
C) \u20b91,650
D) \u20b91,664
Answer:<\/strong> D) \u20b91,664
Explanation:<\/strong>
<\/p>\n\n\n\n

62. \u20b97,500 at 10% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b99,500
B) \u20b99,975
C) \u20b99,975.75
D) \u20b910,000
Answer:<\/strong> C) \u20b99,975.75
Explanation:<\/strong>
<\/p>\n\n\n\n

63. \u20b96,000 doubles in 6 years at compound interest. Rate of interest per annum is:<\/mark><\/strong>
A) 12%
B) 12.25%
C) 11.8%
D) 11.5%
Answer:<\/strong> B) 12.25%
Explanation:<\/strong>
<\/p>\n\n\n\n

64. \u20b98,000 at 5% per annum compounded annually for 3 years earns CI:<\/mark><\/strong>
A) \u20b91,260
B) \u20b91,262
C) \u20b91,265
D) \u20b91,275
Answer:<\/strong> B) \u20b91,262
Explanation:<\/strong>
<\/p>\n\n\n\n

65. \u20b910,000 at 12% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b92,400
B) \u20b92,448
C) \u20b92,500
D) \u20b92,550
Answer:<\/strong> B) \u20b92,448
Explanation:<\/strong>
<\/p>\n\n\n\n

66. \u20b95,000 invested at 15% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,500
B) \u20b91,625
C) \u20b91,600
D) \u20b91,550
Answer:<\/strong> B) \u20b91,625
Explanation:<\/strong>
<\/p>\n\n\n\n

67. \u20b912,000 at 8% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,920
B) \u20b91,950
C) \u20b91,980
D) \u20b91,944
Answer:<\/strong> D) \u20b91,944
Explanation:<\/strong>
<\/p>\n\n\n\n

68. \u20b96,000 at 10% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,200
B) \u20b91,230
C) \u20b91,260
D) \u20b91,240
Answer:<\/strong> B) \u20b91,260
Explanation:<\/strong>
<\/p>\n\n\n\n

69. \u20b97,500 invested at 12% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b910,500
B) \u20b910,548
C) \u20b910,560
D) \u20b910,600
Answer:<\/strong> B) \u20b910,548
Explanation:<\/strong>
<\/p>\n\n\n\n

70. \u20b95,000 at 6% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b9618
B) \u20b9620
C) \u20b9625
D) \u20b9630
Answer:<\/strong> A) \u20b9618
Explanation:<\/strong>
<\/p>\n\n\n\n

71. \u20b98,000 at 12% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b911,250
B) \u20b911,300
C) \u20b911,264
D) \u20b911,280
Answer:<\/strong> C) \u20b911,264
Explanation:<\/strong>
<\/p>\n\n\n\n

72. \u20b96,000 invested at 10% per annum for 2 years compounded annually earns CI:<\/mark><\/strong>
A) \u20b91,200
B) \u20b91,260
C) \u20b91,250
D) \u20b91,230
Answer:<\/strong> B) \u20b91,260
Explanation:<\/strong>
<\/p>\n\n\n\n

73. \u20b910,000 at 8% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b912,400
B) \u20b912,600
C) \u20b912,597
D) \u20b912,550
Answer:<\/strong> C) \u20b912,597
Explanation:<\/strong>
<\/p>\n\n\n\n

74. \u20b97,500 at 10% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,500
B) \u20b91,575
C) \u20b91,600
D) \u20b91,580
Answer:<\/strong> B) \u20b91,575
Explanation:<\/strong>
<\/p>\n\n\n\n

75. \u20b98,000 invested at 15% per annum compounded annually for 2 years becomes:<\/mark><\/strong>
A) \u20b910,400
B) \u20b910,500
C) \u20b910,580
D) \u20b910,600
Answer:<\/strong> C) \u20b910,580
Explanation:<\/strong>
<\/p>\n\n\n\n

76. \u20b910,000 is invested at 10% per annum compounded annually for 2 years. The compound interest is:<\/mark><\/strong>
A) \u20b92,000
B) \u20b92,100
C) \u20b92,010
D) \u20b92,020
Answer:<\/strong> B) \u20b92,100
Explanation:<\/strong>
<\/p>\n\n\n\n

77. \u20b96,000 at 8% per annum compounded annually for 3 years earns CI of:<\/mark><\/strong>
A) \u20b91,440
B) \u20b91,555.7
C) \u20b91,497.15
D) \u20b91,500
Answer:<\/strong> C) \u20b91,497.15
Explanation:<\/strong>

Closest: 1,497.15<\/p>\n\n\n\n

78. \u20b98,000 at 12% per annum compounded annually for 2 years becomes:<\/mark><\/strong>
A) \u20b910,000
B) \u20b910,035.20
C) \u20b910,250
D) \u20b910,500
Answer:<\/strong> B) \u20b910,035.20
Explanation:<\/strong>
<\/p>\n\n\n\n

79. \u20b95,000 invested at 15% per annum for 2 years compounded annually earns CI:<\/mark><\/strong>
A) \u20b91,500
B) \u20b91,625
C) \u20b91,600
D) \u20b91,550
Answer:<\/strong> B) \u20b91,625
Explanation:<\/strong>
<\/p>\n\n\n\n

80. \u20b97,500 at 10% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b99,975
B) \u20b99,980
C) \u20b99,982.5
D) \u20b910,000
Answer:<\/strong> C) \u20b99,982.5
Explanation:<\/strong>
<\/p>\n\n\n\n

81. \u20b96,000 at 12% per annum compounded annually for 3 years earns CI of:<\/mark><\/strong>
A) \u20b92,200
B) \u20b92,432
C) \u20b92,428
D) \u20b92,500
Answer:<\/strong> C) \u20b92,428
Explanation:<\/strong>
<\/p>\n\n\n\n

82. \u20b910,000 doubles in 8 years at compound interest. The rate per annum is:<\/mark><\/strong>
A) 8%
B) 8.92%
C) 9%
D) 10%
Answer:<\/strong> B) 8.92%
Explanation:<\/strong>
<\/p>\n\n\n\n

83. \u20b98,000 at 10% per annum compounded annually for 2 years earns CI of:<\/mark><\/strong>
A) \u20b91,600
B) \u20b91,680
C) \u20b91,700
D) \u20b91,720
Answer:<\/strong> B) \u20b91,680
Explanation:<\/strong>
<\/p>\n\n\n\n

84. \u20b912,000 at 8% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b914,900
B) \u20b915,010
C) \u20b915,116.35
D) \u20b915,000
Answer:<\/strong> C) \u20b915,116.35
Explanation:<\/strong>
<\/p>\n\n\n\n

85. \u20b95,000 at 6% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b9618
B) \u20b9620
C) \u20b9625
D) \u20b9630
Answer:<\/strong> A) \u20b9618
Explanation:<\/strong>
<\/p>\n\n\n\n

86. \u20b97,500 at 12% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b92,016
B) \u20b92,020
C) \u20b92,000
D) \u20b92,050
Answer:<\/strong> A) \u20b92,016
Explanation:<\/strong>
<\/p>\n\n\n\n

87. \u20b96,000 at 10% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b97,986
B) \u20b98,000
C) \u20b97,950
D) \u20b98,050
Answer:<\/strong> A) \u20b97,986
Explanation:<\/strong>
<\/p>\n\n\n\n

88. \u20b98,000 at 15% per annum compounded annually for 2 years becomes:<\/mark><\/strong>
A) \u20b910,400
B) \u20b910,500
C) \u20b910,580
D) \u20b910,600
Answer:<\/strong> C) \u20b910,580
Explanation:<\/strong>
<\/p>\n\n\n\n

89. \u20b99,000 at 12% per annum compounded annually for 2 years earns CI of:<\/mark><\/strong>
A) \u20b92,400
B) \u20b92,428
C) \u20b92,500
D) \u20b92,600
Answer:<\/strong> B) \u20b92,428
Explanation:<\/strong>
<\/p>\n\n\n\n

90. \u20b910,000 at 8% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b912,400
B) \u20b912,597
C) \u20b912,600
D) \u20b912,500
Answer:<\/strong> B) \u20b912,597
Explanation:<\/strong>
<\/p>\n\n\n\n

91. \u20b95,000 at 12% per annum compounded annually for 3 years earns CI:<\/mark><\/strong>
A) \u20b91,900
B) \u20b91,872
C) \u20b91,972
D) \u20b91,968
Answer:<\/strong> D) \u20b91,968
Explanation:<\/strong>
<\/p>\n\n\n\n

92. \u20b96,000 at 10% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b91,200
B) \u20b91,260
C) \u20b91,250
D) \u20b91,230
Answer:<\/strong> B) \u20b91,260
Explanation:<\/strong>
<\/p>\n\n\n\n

93. \u20b97,500 at 15% per annum compounded annually for 2 years becomes:
<\/mark><\/strong>A) \u20b99,843.75
B) \u20b99,900
C) \u20b99,850
D) \u20b99,950
Answer:<\/strong> A) \u20b99,843.75
Explanation:<\/strong>
<\/p>\n\n\n\n

94. \u20b98,000 at 10% per annum compounded annually for 3 years earns CI:<\/mark><\/strong>
A) \u20b92,640
B) \u20b92,640.96
C) \u20b92,650
D) \u20b92,600
Answer:<\/strong> B) \u20b92,640.96
Explanation:<\/strong>
<\/p>\n\n\n\n

95. \u20b910,000 at 12% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b914,049
B) \u20b914,336
C) \u20b914,200
D) \u20b914,500
Answer:<\/strong> B) \u20b914,336
Explanation:<\/strong>
<\/p>\n\n\n\n

96. \u20b96,000 at 8% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b9972
B) \u20b9960
C) \u20b9950
D) \u20b9980
Answer:<\/strong> A) \u20b9972
Explanation:<\/strong>
<\/p>\n\n\n\n

97. \u20b95,000 at 10% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b96,500
B) \u20b96,655
C) \u20b96,655.5
D) \u20b96,600
Answer:<\/strong> C) \u20b96,655.5
Explanation:<\/strong>
<\/p>\n\n\n\n

98. \u20b97,500 at 12% per annum compounded annually for 2 years earns CI:<\/mark><\/strong>
A) \u20b92,016
B) \u20b92,020
C) \u20b92,000
D) \u20b92,050
Answer:<\/strong> A) \u20b92,016
Explanation:<\/strong>
<\/p>\n\n\n\n

99. \u20b98,000 at 15% per annum compounded annually for 3 years becomes:<\/mark><\/strong>
A) \u20b912,200
B) \u20b912,620
C) \u20b912,622
D) \u20b912,600
Answer:<\/strong> C) \u20b912,622
Explanation:<\/strong>
<\/p>\n\n\n\n

100. \u20b910,000 at 10% per annum compounded annually for 3 years earns CI:<\/mark><\/strong>
A) \u20b93,000
B) \u20b93,100
C) \u20b93,310
D) \u20b93,200
Answer:<\/strong> C) \u20b93,310
Explanation:<\/strong>
<\/p>\n","protected":false},"excerpt":{"rendered":"

1. A sum of \u20b910,000 is invested at 10% per annum compound interest. The amount after 2 years will be:A) \u20b911,000B) \u20b912,100C) \u20b912,000D) \u20b911,500Answer: B) \u20b912,100Explanation:Formula: 2. The compound interest on \u20b95,000 at 5% per annum for 2 years (compounded annually) is:A) \u20b9500B) \u20b9525C) \u20b9510D) \u20b9520Answer: B) \u20b9525Explanation: 3. A sum of \u20b98,000 becomes \u20b99,680<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[12983,13239,13246,13250,13243,13233,13241,13234,13231,13242,13244,13249,13245,13240,13235,13248,13238,13247,10948,13236,13251,12181,12975,12964,12978,12976,5649,5623],"class_list":{"0":"post-12604","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-mathematics","7":"tag-competitive-exams","8":"tag-compound-interest-examples","9":"tag-compound-interest-exercises","10":"tag-compound-interest-for-students","11":"tag-compound-interest-formulas","12":"tag-compound-interest-learning","13":"tag-compound-interest-mcqs","14":"tag-compound-interest-notes","15":"tag-compound-interest-practice","16":"tag-compound-interest-problems","17":"tag-compound-interest-questions","18":"tag-compound-interest-questions-with-answers","19":"tag-compound-interest-quiz","20":"tag-compound-interest-revision","21":"tag-compound-interest-solutions","22":"tag-compound-interest-study-material","23":"tag-compound-interest-test","24":"tag-compound-interest-tips","25":"tag-compound-interest-top-100-mcqs-with-answer-and-explanation","26":"tag-compound-interest-tricks","27":"tag-compound-interest-tutorials","28":"tag-exam-preparation","29":"tag-math-exercises","30":"tag-math-mcqs","31":"tag-math-practice","32":"tag-mathematics-questions","33":"tag-mcqs-for-pc-psi-sda-fda-pdo-vao-banking-kas-ias-ssc-gd-ssc-chsl-ssc-cgl-for-all-compitative-exams","34":"tag-mcqs-for-sda-fda-pdo-vao-banking-kas-ias-ssc-gd-ssc-chsl-ssc-cgl-for-all-compitative-exams"},"_links":{"self":[{"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/posts\/12604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/comments?post=12604"}],"version-history":[{"count":3,"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/posts\/12604\/revisions"}],"predecessor-version":[{"id":12790,"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/posts\/12604\/revisions\/12790"}],"wp:attachment":[{"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/media?parent=12604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/categories?post=12604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mcqsadda.com\/index.php\/wp-json\/wp\/v2\/tags?post=12604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}