
Concepts
 Practice Questions

Important Formulas
 The compound interest on ₹10,000 in 2years at 4% per annum, the interest being compounded halfyearly is
 ₹ 824.32
 ₹ 828.82
 ₹ 636.80
 ₹ 912.86
Answer is a
2. In how many years will ₹2000 amounts to ₹2420 at 10% per annum compound interest?
 5/2 years
 3/2 years
 3 years
 2 years
Answer is d
3. The compound interest on ₹16,000 for 9 months at 20% per annum, interest being compounded quarterly, is
 ₹ 2524
 ₹ 2518
 ₹ 2520
 ₹ 2522
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
 ₹ 1625.80
 ₹ 2000
 ₹ 1600
 ₹ 1575.20
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
 10%
 20%
 5%
 15%
Answer is a
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