Compound Interest Questions

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  1. The compound interest on ₹10,000 in 2years at 4% per annum, the interest being compounded half-yearly is
  1. ₹ 824.32
  2. ₹ 828.82
  3. ₹ 636.80
  4. ₹ 912.86

View Answer

Answer is a

 

2. In how many years will ₹2000 amounts to ₹2420 at 10% per annum compound interest?

  1. 5/2 years
  2. 3/2 years
  3. 3 years
  4. 2 years

View Answer

Answer is d

 

3. The compound interest on ₹16,000 for 9 months at 20% per annum, interest being compounded quarterly, is

  1. ₹ 2524
  2. ₹ 2518
  3. ₹ 2520
  4. ₹ 2522

View Answer

Answer is d

 

4. If the rate of interest be 4% per annum for first year, 5% percent annum for second year and 6% per annum for third year, then the compound interest of ₹10,000 for 3 years will be

  1. ₹ 1625.80
  2. ₹ 2000
  3. ₹ 1600
  4. ₹ 1575.20

View Answer

Answer is d

 

5. A sum of money on compound interest amounts to ₹10648 in 3 years and ₹9680 in 2 years. The rate of interest per annum is

  1. 10%
  2. 20%
  3. 5%
  4. 15%

View Answer

Answer is a

 
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