- Concepts
- Practice Questions
- Important Formulas

- The compound interest on â‚¹8,000 at 1

- â‚¹ 3091
- â‚¹ 3100
- â‚¹ 2980
- â‚¹ 3109

### Answer is d

Â

2. A sum of â‚¹8,000 will amount to â‚¹8820 in 2 years if the interest is calculated every. The rate of compound interest is

### Answer is b

**Â **

3. A principle of â‚¹10,000, after 2 years compounded annually, the rate of interest being 1

- â‚¹ 12320
- â‚¹ 11320
- â‚¹ 12000
- â‚¹ 12500

### Answer is a

Â

4. Two years ago, the value of my motorbike was â‚¹62,500. When the value depreciates by

- â‚¹ 57,600
- â‚¹ 55,700
- â‚¹ 56,700
- â‚¹ 57,500

### Answer is a

Â

5. The compound interest on a sum of money for 2years is â‚¹615 and the simple interest

- â‚¹ 6,000
- â‚¹ 9,500
- â‚¹ 6,500
- â‚¹ 8,000

### Answer is **a**

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