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Compound Interest
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Let's practice 30 mcqs on
Compound Interest
mcqs by everyone
What is the SI on Rs.2500/- at the rate of 12% per annum for 8 years
2200
2300
2400
2500
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a
Rs. 9000.30
Rs. 10483.20
Rs. 9720
Rs. 10123.20
Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously
5.95%
5.65%
5.85%
5.75%
At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000
Rs.6400
Rs.6800
Rs.6620
Rs.6500
The difference between the simple interest on a certain sum at the rate of 10%per annum for 2 years and compound interest which is compounded every 6 months is Rs.124.
05. what is the principal sum
Rs.6000
Rs.12000
Rs.8000
NONE OF THESE
Rajan borrowed Rs.4000 at 5% p.a compoundinterest.
After 2 years, he repaid Rs.2210 and after 2 more year, the balance withinterest.
What was the total amount that he paid as interest
Rs.613.50
Rs.675.50
Rs.635.50
Rs.653.50
What is the difference between the
C.
I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly
Rs. 3.06
Rs. 8.30
Rs. 4.80
Rs. 2.04
Mr. andMrs.
Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds
2354.17
2354
2389
2376
What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years
Rs. 40.40
Rs. 32.10
Rs. 31
Rs. 64.10
Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of twoyears.
(Round off your answer to nearest integer)
Rs.4613
Rs.4273
Rs.4266
Rs.4064
NONE OF THESE
The compound interest on Rs. 30,000 at 7% per annum is Rs.4347.
The period (in years) is
5years
3years
2years
4years
The effective annual rate of interest corresponding to nominal rate of 6% per annum payable half yearly is
6%
5%
7%
6.09%
A money lender lends Rs.2000 for six months at 20% p.a.rate.
It the interest is reckoned quarterly than find the amount given after time limit
Rs.2160
Rs.2200
Rs.2205
Rs.2040
You deposit $300 in a savings account that pays 4% simple annualinterest.
Find your account balance after 9 months
309
609
509
409
There is 60% increase in an amount in 6 years at simpleinterest.
What will be the compound interest of Rs. 12,000 after 3 years at the same rate
Rs.3972
Rs.4972
Rs.2972
Rs.5972
A sum of Rs. 8,000 is deposited for 3 years at 5% per annum compound interest
(compounded annually). The difference of interest for 3 years and 2 years will be
Rs. 441
Rs. 503
Rs. 469
Rs. 387
15 semiannual payments are made into a sinking fund at 7% compounded semiannually so that $4850 will bepresent.
Find the amount of each payment rounded to the nearest cent
251.35
235.87
245.45
251
Calculate the effective interest rate compounded quarterly of a 13% annual rate
15.65%
13.65%
16.65%
14.665%
What will be ratio of simple to compound interest on two same sums invested in SBI at rate of interest of 8% kept for 3 years
1903/2156
4/9
1875/2029
1/2.5
Calculate the periodic interest rate corresponding to 9.5% compounded monthly
0.6916
0.9916
0.8916
0.7916
Calculate the periodic interest rate corresponding to:9.0% compounded quarterly
2.25
5.25
3.45
6.25
Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, fromtoday.
They are to be replaced by a $1500 payment due four years from today, and another payment due two years fromtoday.
The replacement stream must be economically equivalent to the scheduledstream.
What is the unknown payment, if money can earn 7% compounded semiannually
1548
1648
1348
1748
The compound interest on Rs. 30,000 at 7% per annum is Rs.4347.
The period(in years) is
3
4
2
2 1/2
The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is
Rs. 2.50
Rs. 3.75
Rs. 3
Rs. 4
The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some jobseekers.
The percentage increase in the population after 2 years is
10.25
11
10
10.15
Every year an amount increases by 1/8th ofitself.
How much will it be after two years if its present value is Rs.64000
Rs.81000
Rs.64000
Rs.80000
Rs.75000
Find the compound interest and the amount on Rs.8000 at 5% per annum for 3 years when
C.I is reckoned yearly
Rs.1346
Rs.1185
Rs.1261
Rs.1440
A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compoundinterest.
The sum is
Rs.4445
Rs.4520
Rs.4460
Rs.4400
A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for twoyears.
If interest gained from the sum invested at 20% is Rs.528.
75 more than the sum invested at 15%, find the total sum
Rs. 8200
Rs. 4500
Rs. 9000
Rs. 7000
For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually.
Find the minimum number of payments to accumulate 21,000
11
13
10
12
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