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 standtoday 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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