Learn and Practice Free Compound Interest Set 2 questions
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On what sum of money’ will the simple interest for 3 years at 8% perannum be half of the compound interest on Rs. 400 for 2 years at 10%per annum ?
Option 1: Rs. 125
Option 2: Rs. 175
Option 3: Rs. 150
Option 4: Rs. 200
Option 5:
In how many years will a sum of Rs. 800 at 10% per annum compounded. semi-annually become Rs. 926.10?
Option 1: 2 and 1/2
Option 2: 2 and 1/3
Option 3: 1 and 1/2
Option 4: 1 and 1/3
Option 5:
The difference between compound interest and simple interest on an amount of Rs. 15, 000 for 2 years is Rs. 96. What is the rate of interest per annum ?
Option 1: 6
Option 2: 8
Option 3: 10
Option 4: 12
Option 5:
A sum of money doules itself at compound interest in 15 years. In how many years will it become eight times ?
Option 1: 35
Option 2: 40
Option 3: 45
Option 4: 50
Option 5:
What annual payment will discharge a debt of Rs.7620 due in 3years at 16 2/3% per annum interest?
Option 1: 5430
Option 2: 4430
Option 3: 3430
Option 4: 2430
Option 5:
A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is
Option 1: Rs. 40000
Option 2: Rs. 10000
Option 3: Rs. 120000
Option 4: Rs. 20000
Option 5:
The population of a town was 3600 three years back. It is 4800 right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually?
Option 1: Rs. 6400
Option 2: Rs. 7400
Option 3: Rs. 8400
Option 4: Rs. 9400
Option 5:
Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?
Option 1: 3.6
Option 2: 6
Option 3: 18
Option 4: 12
Option 5:
The present worth of Rs.169 due in 2 years at 4% per annum compound interest is
Option 1: Rs.156.25
Option 2: Rs.150
Option 3: Rs.140
Option 4: Rs125.25
Option 5:
If Rs. 600 amounts to Rs. 683.20 in two years compounded annually, find the rate of interest per annum
Option 1: 6%
Option 2: 7%
Option 3: 8%
Option 4: 9%
Option 5:
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