Arithmetic Questions And Answers :: Compound Interest: part2



Compound Interest QUESTIONS AND ANSWERS :: Arithmetic : part2 : 11 to 15

Following Compound Interest multiple choice objective type questions and answers will help you in many types of 2024 job and other entrance examinations :

11.The compound interest on Rs. 2800 for 1 ½ years at 10% per annum, is:

Rs. 441.35
Rs. 436.75
Rs. 434
Rs. 420

12.A sum amounts to Rs. 1352 in 2years at 4% compound interest. The sum is:

Rs. 1300
Rs. 1250
Rs. 1260
Rs. 1200

13.The difference between simple interest and compound interest on a sum for 2 years at 8% when the interest is compounded annually is Rs.16. If the interest were compounded half yearly, the difference in two interests would be nearly:

Rs.16
Rs.16.80
Rs. 21.85
RS.24.64

14.A sum of Rs.550 was taken as a loan. This is to be repaid in two equal annual instalments. If the rate of interest be 20% compounded annual by then he value of each instalment is:

RS.421
Rs.396
Rs.360
Rs.350

15.The difference of compound interests on Rs. 800 for 1 year at 20% per annum when compounded half yearly and quarterly is:

Nil
2.50
4.40
6.60

More Compound Interest QUESTIONS AND ANSWERS available in next pages

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