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Compound Interest Test-4

  • Remaining Timing :-

(1). A sum of money is lent out at C.I rate of 20% per annum for 2 years. It would fetch Rs.482 more if interest is compounded half-yearly. Find the sum?

  • (a). 20000
  • (b). 30000
  • (c). 40000
  • (d). 25000
  • (e). None of these
Answer : 20000

Explanation:

(2). The compound interest on a certain sum of money for 2 years at 10% per annum is Rs.420. find the simple interest at the same rate and for the same time?

  • (a). 350
  • (b). 400
  • (c). 410
  • (d). 300
  • (e). None of these
Answer : 400

Explanation:

(3). Find the difference between the simple interest and the compound interest for the sum of Rs.1500 at 10% per annum for 2 years?

  • (a). 25
  • (b). 45
  • (c). 15
  • (d). 75
  • (e). None of these
Answer : 15

Explanation:

(4). At what rate percentage compounded yearly will Rs.80,000 amount to Rs.88,200 in 2 years?

  • (a). 5%
  • (b). 2%
  • (c). 3%
  • (d). 9%
  • (e). None of these
Answer : 5%

Explanation:

(5). A sum of money at compound interest amounts to thrice itself in three years. In how many years will it be 27 times itself?

  • (a). 4yrs
  • (b). 6yrs
  • (c). 3yrs
  • (d). 9yrs
  • (e). None of these
Answer : 9yrs

Explanation: