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Compound Interest - Questions and Answers

Practice questions on Compound Interest.

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16. A sum of money amounts to Rs.10648 in 3 years and Rs. 9680 in 2 years. The rate of interest is :
A. 5%
B. 10%
C. 15%
D. 20%
Explanation: ANSWER : 10%
17. A sum of money becomes Rs.6690 after three years and Rs. 10,035 after six years on compound interest. The sum is:
A. Rs.4400
B. RS.4445
C. Rs.4460
D. RS.4520
Explanation: ANSWER : RS.4460
18. The simple interest on a certain sum for 2years at 10% per annum is RS. 90. The corresponding compound interest is:
A. RS. 99
B. RS. 95.60
C. RS. 94.50
D. RS. 108
Explanation: ANSWER : RS. 94.50
19. A sum amounts to Rs. 2916 in 2 years and to Rs. 3149.28 in 3 years at compound interest. The sum is:
A. Rs. 1500
B. Rs.2000
C. Rs.2500
D. Rs.3000
Explanation: ANSWER : Rs. 2500
20. A sum amounts to Rs. 1352 in 2years at 4% compound interest. The sum is:
A. Rs. 1300
B. Rs. 1250
C. Rs. 1260
D. Rs. 1200
Explanation: ANSWER : RS. 1250
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