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Compound Interest problems


  • 1. The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned ?

  • Options
  • A. Rs. 11828.80
  • B. Rs. 19828.80
  • C. Rs. 9828.80
  • D. Rs. 19328.80
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  • 2. A sum of Rs. 8,000 is deposited for 3 years at 5% per annum compound interest (compounded annually). The difference of interest for 3 years and 2 years will be

  • Options
  • A. Rs. 387
  • B. Rs. 441
  • C. Rs. 469
  • D. Rs. 503
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  • 3. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

  • Options
  • A. 3
  • B. 4
  • C. 5
  • D. 6
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  • 4. If the compound interest on a certain sum at 1623 % to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.

  • Options
  • A. 1080
  • B. 1090
  • C. 1180
  • D. 1109
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  • 5. Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years?

  • Options
  • A. Rs. 704
  • B. Rs. 854
  • C. Rs. 893
  • D. Rs. 914
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  • 6. Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?

  • Options
  • A. 6.5%
  • B. 6%
  • C. 5%
  • D. 4.5%
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  • 7. The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is ?

  • Options
  • A. 3 years
  • B. 4 years
  • C. 2.5 years
  • D. 2 years
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  • 8. The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?

  • Options
  • A. 8560
  • B. 8673
  • C. 8746
  • D. 8780.80
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  • 9. Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest

  • Options
  • A. 3years
  • B. 5years
  • C. 6years
  • D. 7years
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  • 10. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit

  • Options
  • A. Rs.8820
  • B. Rs.8620
  • C. Rs.8520
  • D. Rs.8320
  • Also asked in: Bank Exams, Bank PO

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