Compound Interest Questions and Answers - Arithmetic :: 4 :: part1

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Compound Interest QUESTIONS AND ANSWERS :: Arithmetic : part1 : 16 to 20

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

16.The difference between simple interest and the compound interest on Rs. 600 for 1 year at 10% per annum, reckoned half yearly is:

Nil

Rs. 6.60

Rs. 4.40

Rs. 1.50

17.What is the principal amount which earns Rs. 132 as compound interest for the second year at 10% per annum?

Rs. 1000

Rs. 1200

RS. 1320

none of these

18.A sum of Rs. 12000 deposited at compound interest becomes double after 5 years. After 20 years it will become

120000

192000

124000

96000

19.The simple interest on a certain sum for 2years at 10% per annum is RS. 90. The corresponding compound interest is:

RS. 99

RS. 95.60

RS. 94.50

RS. 108

More Compound Interest QUESTIONS AND ANSWERS available in next pages

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Arithmetic Questions And Answers :: Compound Interest: part1