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Home Aptitude Compound Interest Comments

  • Question
  • Calculate the effective interest rate of a 10% annual rate compounded continuously.


  • Options
  • A. 9.52%
  • B. 10.52%
  • C. 11.52%
  • D. 12.52%

  • Correct Answer
  • 10.52% 

    Explanation

    E=e^i-1

  • Tags: Bank Exams, Bank PO

    Compound Interest problems


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    • 1. Calculate the effective interest rate compounded quarterly of a 13% annual rate.

    • Options
    • A. 13.65%
    • B. 14.665%
    • C. 15.65%
    • D. 16.65%
    • Discuss
    • 2. Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

    • Options
    • A. 9.33%
    • B. 10.33%
    • C. 11.33%
    • D. 12.33%
    • Discuss
    • 3. Jackie deposits $325 in an account that pays 4.1% interest compounded annually. How much money will Jackie have in her account after 3 years?

    • Options
    • A. 346.64
    • B. 356.64
    • C. 366.64
    • D. 376.64
    • Discuss
    • 4. Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simon?s account at the end of 2 years?

    • Options
    • A. 424.36
    • B. 524.56
    • C. 545.36
    • D. 456.36
    • Discuss
    • 5. You deposit $300 in a savings account that pays 4% simple annual interest. Find your account balance after 9 months.

    • Options
    • A. 309
    • B. 409
    • C. 609
    • D. 509
    • Discuss
    • 6. An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded annually

    • Options
    • A. 7346.64
    • B. 8346
    • C. 3456
    • D. 4567
    • Discuss
    • 7. Give an investment of $13200,compound amount of $22680.06 invested for 8 years,what is the interest rate if interest rate is compounded anually?

    • Options
    • A. 6%
    • B. 5%
    • C. 7%
    • D. 8%
    • Discuss
    • 8. Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

    • Options
    • A. 1126.19
    • B. 1237
    • C. 2863
    • D. 1892
    • Discuss
    • 9. Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

    • Options
    • A. 146694.12
    • B. 13452
    • C. 18232
    • D. 15627
    • Discuss
    • 10. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

    • Options
    • A. 625
    • B. 635
    • C. 645
    • D. 655
    • Discuss


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