Difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is _____ ?
A. Rs 61
B. Rs 600
C. Rs 50
D. Rs 60
Compound Interest
Here are some Compound Interest Mcqs and explanations for competitive exams, placement interviews, and entrance test. This website is the best for Mathematics MCQs
What will be the compound interest on Rs 25000 after 3 years at 12% Per annum ?
A. Rs 9720
B. Rs 10483.20
C. Rs 9000.30
D. None of these
How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly ?
A. Rs 18973
B. Rs 19880
C. Rs 17423
D. Rs 19448
Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is: ______ ?
A. Rs 2524
B. Rs 2522
C. Rs 2518
D. Rs 2520
If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by: ______ ?
A. Rs 1050
B. Rs 1100
C. Rs 900
D. Rs 1000
Difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is: _____ ?
A. Rs 170000
B. Rs 120000
C. Rs 100000
D. Rs 11000
A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest ?
A. 15 years
B. 20 years
C. 7 years
D. 10 years
A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be ______ ?
A. Rs 600
B. Rs 832
C. Rs 230
D. Rs 232
Difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is ______ ?
A. Rs 65065
B. Rs 65650
C. Rs 6500
D. Rs 6565
Effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is : ____?
A. Rs 6.08%
B. Rs 6.09%
C. Rs 6.06%
D. Rs 6.07%