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Compound Interest Quiz

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Question 1

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs. 34992, and Rs. 37791.36 respectively, what is the rate of interest?

Question 2

What will be the amount on Rs 12500 at the rate of 20% per annum compounded yearly for 3 years?

Question 3

What will be the difference (in Rs.) between compound interest and simple interest for 4 years on a principal of Rs 12000 at the rate of 20% per annum?

Question 4

A sum of money lent out at simple interest amounts to Rs. 2295 after 3 years and Rs. 3009 after 5 years. Find the principal:

Question 5

A sum of ₹ 3,200 invested at 10% p.a. compounded quarterly amounts to ₹ 3,362. Compute the time period.

Question 6

Rahul borrows Rs 5000 from Sandeep at the interest rate of 5% per annum promising that he will pay both the sum and the interest after two years. Find the amount paid by Rahul after 2 years if the interest is compounded annually.

Question 7

If the simple interest on Rs. 400 for 10 years is Rs. 280, then rate of interest per annum is

Question 8

A sum of money at compound interest will amount to Rs. 800 at the end of the first year and Rs. 1000 at the end of the second year. The amount of money is

Question 9

At what percent per annum simple interest will a sum of money double in 8 yr?

Question 10

Balance in a saving account increased by 50% in 5 years at the rate of simple interest. If this rate is changed to compounding annually, what will be compound interest of Rs. 12000 for 3 years?
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Dec 18IPM, CUET & BBA Exams