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Concepts
- Practice Questions
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Important Formulas
- The time I which ₹80,000 amount to ₹92,610 at 10% p.a. compound interest, interest being compounded semiannually is
- 2 years
- 4 years
- 3/2 years
- 5/2 years
Answer is c
2. At what rate of interest per annum will a sum of Rs.1348.32 in 2 years?
- 6.5%
- 6%
- 7.5%
- 7%
Answer is b
3. In how many years will a sum of Rs.800 t 10% per annum compounded semi-annually become Rs.926.10?
- 3 years
- 3/2 years
- 5/2 years
- 2 years
Answer is b
4. A bank offers a 15% compound interest per half-year. If a customer deposits Rs.2400 each on 1st January and 1st July of a year. Then, At the end of the year, the amount he would have gained by way of interest is
- ₹ 1134
- ₹ 283
- ₹ 2268
- ₹ 567
Answer is a
5. If a certain sum becomes 3 times in 6 years at compounded interest, then in how many years, it will become 81 times?
- 162
- 24
- 81
- 27
Answer is b
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