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Aptitude MCQs On Compound Interest (Week 3) - 18.08.2022

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Question 1

The compound interest (in Rs., to the nearest integer) on Rs. 8,950 for 2 years at the rate of 9% per annum, compounded annually, is:

Question 2

The difference between the compound interest on a sum of Rs.8,000 for 1 year at the rate of 10% per annum, interest compounded yearly and half yearly is:

Question 3

What is the compound interest (in Rs) on Rs 2400 at the rate of 20% per annum compounded yearly for 2 years?

Question 4

On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, then what is the rate of interest?

Question 5

What is the difference (in Rs.) between compound interest and simple interest for 3 years on a principal of Rs. 1000 at the rate of 20% per annum?
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Aug 18BPSC