Compound Interest - Data Intensity 2 Multiple Questions and Answers.
Exercise Questions ::
Compound Interest
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
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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
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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
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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
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