COMPOUND INTEREST APTITUDE QUESTIONS AND ANSWERS

COMPOUND INTEREST QUESTIONS AND ANSWERS 19 to 21

19. The compound interest on Rs. 3000 at 7% per annum for a certain time is Rs. 4347. The time is:

2 year

3 years

4 years

20. At what rate of compound interest per annum will a sum of RS. 1200 become Rs. 1348.32 in 2years?

7.5%

6.5%

21. The compound interest on a sum for 2 years is Rs. 832 and the simple interest on the same sum for the same period is Rs.800. The difference between the compound and simple interests for 3 years will be:

Rs.48

Rs.66.56

Rs.98.56

none of these

More COMPOUND INTEREST APTITUDE QUESTIONS AND ANSWERS available in next pages

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