Questions & Answers: "Compound Interest"
Complete guide to "Compound Interest" for Math students. Below you will find important questions and model answers to help you prepare.
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6 QuestionsWhat will be the difference in rupees in the simple interest and the compound interest earned on Rs. 5000 in 2 years at the rate 5 p.c.p.a.?
Options
12.5
25
37.5
50
What is the compound interest (in rupees) for Rs. 10000 for two years six months, at the rate of 10 p.c.p.a.?
Options
2650
3310
2500
2705
Saurabh invested Rs. 5000 for 3 years at rate 10 p.c.p.a. with simple interest. Yashashri invested same amount for the same period at the same rate of interest with compound interest. Compare the interests earned by Saurabh and Yashashri. (Select two correct option)
Options
Interest received by Yashashri was less by Rs. 1655 than Saurabh received.
Interest received by Yashashri was more by Rs. 155 than Saurabh received.
Interest received by Saurabh was more by Rs. 155 than Yashashri received.
Interest received by Saurabh was less by Rs. 155 than Yashashri received.
What will be the compound interest on Rs. 30,000 at the rate of 12% p.a. in 1.5 years?
Options
Rs. 5400
Rs. 6516
Rs. 5696
Rs. 5616
Find the compound interest for Rs. 48,000 for 1.5 years at the rate of 8 p.c.p.a.
Options
Rs. 4475
Rs. 4265
Rs. 4274
Rs. 5914
In how many years Rs. 15000 will be doubled at the rate of 12.5 p.c.p.a.?
Options
6 years
7 years
8 years
12 years