Learn and Practice Free Compound Interest Set 7 questions
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How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?
Option 1: 9007
Option 2: 4007
Option 3: 7007.08
Option 4: 8007
Option 5:
Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simon’s account at the end of 2 years?
Option 1: 424.36
Option 2: 524.56
Option 3: 545.36
Option 4: 456.36
Option 5:
Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest
Option 1: 3 Years
Option 2: 4 Years
Option 3: 5 Years
Option 4: 6 Years
Option 5:
The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?
Option 1: 8560
Option 2: 8673
Option 3: 8746
Option 4: 8780.8
Option 5:
Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?
Option 1: 1548
Option 2: 1348
Option 3: 1648
Option 4: 1748
Option 5:
A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is
Option 1: 4%
Option 2: 5%
Option 3: 6%
Option 4: 7%
Option 5:
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is
Option 1: Rs 2
Option 2: Rs 3
Option 3: Rs 4
Option 4: Rs 5
Option 5:
Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?
Option 1: 17296
Option 2: 13296
Option 3: 19296
Option 4: 15296
Option 5:
In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?
Option 1: 2 Years
Option 2: 3 Years
Option 3: 4 Years
Option 4: 5 Years
Option 5:
The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is
Option 1: Rs.2.50
Option 2: Rs.3
Option 3: Rs.4
Option 4: Rs.4.50
Option 5:
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