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Compound Interest (IT Trainer) Question and Answers-Page first

# Compound Interest problems

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• 1. Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?

• Options
• A. Rs. 3845
• B. Rs. 4826
• C. Rs. 5142
• D. Rs. 4415

• Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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• 2. What is the interest rate per annum, if a sum of money invested at compound interest amount to Rs. 2400 in 3 years and in 4 years to Rs. 2,520?

• Options
• A. 3.5%
• B. 4%
• C. 5%
• D. 6.5%

• Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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• 3. A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

• Options
• A. Rs. 7000
• B. Rs. 4500
• C. Rs. 9000
• D. Rs. 8200

• Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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• 4. 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

• Tags: AIEEE, Bank Exams, CAT, GATE, Analyst, Bank Clerk, Bank PO, Database Administrator, IT Trainer

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