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Home Aptitude Compound Interest Comments

  • Question
  • If Rs. 10000 amounts to Rs. 11664 invested in compound interest(compounded annually) for two years then the annual rate of compound interest is


  • Options
  • A. 10%
  • B. 9%
  • C. 8%
  • D. 6%

  • Correct Answer
  • 8% 

  • Tags: Bank Exams

    Compound Interest problems


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    • 1. The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region?s current population is 100,000, what is the expected population 10 years from now?

    • Options
    • A. 81707
    • B. 91707
    • C. 61707
    • D. 71707
    • Discuss
    • 2. Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

    • Options
    • A. 17296
    • B. 13296
    • C. 19296
    • D. 15296
    • Discuss
    • 3. Mr. and Mrs. Espedido?s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds?

    • Options
    • A. 2354.17
    • B. 2354
    • C. 2376
    • D. 2389
    • Discuss
    • 4. Find the time to double your investment at 6%

    • Options
    • A. 10years
    • B. 11years
    • C. 12years
    • D. 13years
    • Discuss
    • 5. The effective annual rate of interest corresponding to nominal rate of 6% per annum payable half yearly is

    • Options
    • A. 5%
    • B. 6%
    • C. 7%
    • D. 6.09%
    • Discuss
    • 6. At what rate of compound interest per annum will a sum of Rs 50000 become Rs 73205 in 2 years?

    • Options
    • A. 21 percent
    • B. 19 percent
    • C. 17 percent
    • D. 15 percent
    • Discuss
    • 7. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 5% per annum is Rs 45. The sum is

    • Options
    • A. Rs 36000
    • B. Rs 72000
    • C. Rs 18000
    • D. Rs 54000
    • Discuss
    • 8. In what time(in years) will Rs. 8000 amount to Rs. 9261 at 5% per annum, compounded annually?

    • Options
    • A. 3
    • B. 3.5
    • C. 4
    • D. 4.5
    • Discuss
    • 9. The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is:

    • Options
    • A. 30000
    • B. 30300
    • C. 3000
    • D. 3030
    • Discuss
    • 10. A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more if interest is compounded half-yearly. The sum

    • Options
    • A. Rs.15,000
    • B. Rs.30,000
    • C. Rs.20,000
    • D. Rs.7,500
    • Discuss


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