Compound Interest Questions

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  1. A sum of money doubles itself in 4 years at compound interest. When will it amounts to 8 times itself at the same rate of interest ?
  1. 12 years
  2. 24 years
  3. 18 years
  4. 16 years

View Answer

Answer is a

 

2. If the amount on a certain principle in 3years at 1

  1. 15440
  2. 14550
  3. 14330
  4. 13440

View Answer

Answer is d

 

3. A certain grows at an annual interest rate of 1

  1. 1/64 = (1.04)12y
  2. 8=(1.01)6y
  3. 64=(1.04)12y
  4. 64=(1.04)12y

View Answer

Answer is c

 

4. Compound interest on a sum of money for 2years at 4 percent per annum is ₹2,448. After 2 Years the simple interest of the same sum of money at the same rate of interest will be

  1. ₹ 2400
  2. ₹ 2250
  3. ₹ 2500
  4. ₹ 2360

View Answer

Answer is a

 

5. If the compound interest at a rate of

  1. ₹450
  2. ₹432
  3. ₹435
  4. ₹430

View Answer

Answer is b

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