Compound Interest - Data Intensity 2 | Multiple Questions and Answers

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Compound Interest - Data Intensity 2 Multiple Questions and Answers.

1.	If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be___?

	A.	Rs 1575.20
	B.	Rs 1600
	C.	Rs 1625.80
	D.	Rs 2000

2.	A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?

	A.	7 years
	B.	10 years
	C.	15 years
	D.	20 years

3.	The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is:__?

	A.	Rs 100000
	B.	Rs 11000
	C.	Rs 120000
	D.	Rs 170000

4.	If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:____?

	A.	Rs 900
	B.	Rs 1000
	C.	Rs 1050
	D.	Rs 1100

5.	The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:___?

	A.	Rs 2518
	B.	Rs 2520
	C.	Rs 2522
	D.	Rs 2524

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