
Concepts
 Practice Questions

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 semiannually 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 halfyear. 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
« Previous  
1  
2  
3  
4  
5  
Next »
Read More: Compound Interest Concepts