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Compound Interest Problems With Solutions, Objective Type, MCQs, Quiz

Compound Interest Problems With Solutions

Candidates if you are facing the problem how to calculate compound interest, then you are at right place because we are going to provide you Compound Interest Problems With Solutions on this page for practice purpose. Applicants, who realize that he or she is lacking to solve this term, may give online quizees for their preparation.

For other detailed information related to Compound Interest Problems With Solutions, candidates may go through below given details which is provided by team members of recruitmentresult.com

Compound Interest Quiz

1. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:





2. What is the difference between the compound interests on Rs. 5000 for 3/2 years at 4% per annum compounded yearly and half-yearly?





3. 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?





4. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:





5. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:





6. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:





7. 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?





8. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:





9. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?





10. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?





11. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:





12. 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?





13. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:





14. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?





15. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:





16. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.





17. Albert invested amount of 8000 in a fixed deposit for 2 years at compound interest rate of 5 % per annum. How much Albert will get on the maturity of the fixed deposit.





18. What will be the compound interest on Rs. 25000 after 3 years at the rate of 12 % per annum





19. A man saves Rs 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years.





20. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually







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