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AFCAT || NUmerical_Ability || Compounded_Interest_Quiz_2020

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Question 1

The difference between C.I. and S.I on a certain sum of money at 20% per annum for 3 years is Rs. 960. Find the principal if it is known that interest is compounded annually.

Question 2

At what rate of % per annum will Rs.2704 amount to Rs.2916 in 2 years compounded annually.

Question 3

What does Rs. 700 amounts to in 2 years with compound interest at the rate of 6% in the first year and 12% in second year?

Question 4

A sum of money invested at compound interest amounts to Rs. 900 in 3 years and to Rs. 990 in 4 years. The rate of interest per annum is –

Question 5

If a sum of Rs. 14500 is invested for 1 years at 16% per annum interest being compounded semi-annually, then interest earned is :

Question 6

The least number of years in which a sum of money on 23% p.A. compound interest will be more than double is

Question 7

There is 60% increase in an amount in 12 years at simple interest. What will be the compound interest of Rs.45,000 after 2 years at the same rate?

Question 8

If the difference between CI, compounded quarterly and the simple interest on a certain sum at the rate of 16% per annum for ¾ year is Rs.36, the sum is :

Question 9

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 :

Question 10

An amount of money at compound interest grows up to Rs.4650 in 4 years and Rs.5115 in 5 years. Find the rate of interest.
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