Learn and Practice Free Compound Interest Set 4 questions
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There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate
Option 1: Rs.4972
Option 2: Rs.3972
Option 3: Rs.5972
Option 4: Rs.2972
Option 5:
What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?
Option 1: Rs.2592
Option 2: Rs.2492
Option 3: Rs.2352
Option 4: Rs.2552
Option 5:
A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year
Option 1: Rs.5624.32
Option 2: Rs.5423
Option 3: Rs.5634
Option 4: Rs.5976
Option 5:
A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a creditunion branch for redemption.What amount did the owner receive if the redemption was requested on November 1, 2000?
Option 1: 1295.57
Option 2: 1395
Option 3: 1495
Option 4: 1595
Option 5:
The difference between the simple interest on a certain sum at the rate of 10%per annum for 2 years and compound interest which is compounded every 6 months is rs.124.05. what is the principal sum
Option 1: rs.6000
Option 2: rs.8000
Option 3: rs.12000
Option 4: none of these
Option 5:
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit
Option 1: Rs.8820
Option 2: Rs.8620
Option 3: Rs.8520
Option 4: Rs.8320
Option 5:
If the compound interest on a certain sum at 16 (2/3)% to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.
Option 1: 1080
Option 2: 1090
Option 3: 1180
Option 4: 1109
Option 5:
The difference between compound interest and simple interest on a sum for two years at 10% per annum, where the interest is compounded annually is Rs.16. if the interest were compounded half yearly , the difference in two interests would be
Option 1: Rs.24.81
Option 2: Rs.26.90
Option 3: Rs.31.61
Option 4: Rs.32.40
Option 5:
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is
Option 1: 6.06%
Option 2: 6.07%
Option 3: 6.08%
Option 4: 6.09%
Option 5:
A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?
Option 1: 1206
Option 2: 1306
Option 3: 1406
Option 4: 1506
Option 5:
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