COMPOUND INTEREST APTITUDE QUESTIONS AND ANSWERS

COMPOUND INTEREST QUESTIONS AND ANSWERS 22 to 24

22. A loan was repaid in two annual instalments of Rs. 112 each. If the rate of interest be 10% per annum compounded annually, the sum borrowed was:

Rs.200

Rs.210

Rs. 217.80

RS.280

23. A sum of money amounts to Rs.10648 in 3 years and Rs. 9680 in 2 years. The rate of interest is :

10%

15%

20%

24. A sum of money becomes Rs.6690 after three years and Rs. 10,035 after six years on compound interest. The sum is:

Rs.4400

RS.4445

Rs.4460

RS.4520

More COMPOUND INTEREST APTITUDE QUESTIONS AND ANSWERS available in next pages

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