
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 |
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