Compound Interest Questions and Answers - Arithmetic :: 2 :: part3

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Compound Interest QUESTIONS AND ANSWERS :: Arithmetic : part3 : 6 to 10

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

6.A sum of money amounts to Rs.10648 in 3 years and Rs. 9680 in 2 years. The rate of interest is :

10%

15%

20%

7.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

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

120000

192000

124000

96000

9.The difference between the compound interest and the simple in interest on a certain sum at 5% per annum for 2 years is Rs. 1.50. The sum is:

Rs. 600

Rs. 500

Rs. 400

Rs. 300

10.A loan was repaid in two annual instalments of Rs. 112 each. If the rate of interest be 10% per annum compounded annually, the sum borrowed was:

Rs.200

Rs.210

Rs. 217.80

RS.280

More Compound Interest QUESTIONS AND ANSWERS available in next pages

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Arithmetic Questions And Answers :: Compound Interest: part3