# Arithmetic Questions And Answers :: Compound Interest: part1

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 ANSWER : : 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 ANSWER : : Rs. 1200
 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 ANSWER : : 192000
 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 ANSWER : : RS. 94.50

More Compound Interest QUESTIONS AND ANSWERS available in next pages

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