Compound Interest QUESTIONS AND ANSWERS :: Arithmetic : part3 : 1 to 5
Following Compound Interest multiple choice objective type questions and answers will help you in many types of 2024 job and other entrance examinations :
1.RS.1600 at 10% per annum compound interest compounded half yearly amount to Rs. 1944.81 in |
2 years |
3 years |
1 years |
2 years |
2.The compound interest on a sum for 2 years is Rs. 832 and the simple interest on the same sum for the same period is Rs.800. The difference between the compound and simple interests for 3 years will be: |
Rs.48 |
Rs.66.56 |
Rs.98.56 |
none of these |
3.A tree increases annually by 1/8 th of its height, By how much will at increase after 2 years, it stand-today 64cm high? |
72 cm |
74 cm |
75 cm |
81 cm |
4.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 |
5.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 |
More Compound Interest QUESTIONS AND ANSWERS available in next pages
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