Simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest .
A. Rs.3052.40
B. Rs.3054.8
C. Rs.3052.80
D. Rs.3502.80
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
Usman invested certain amount for two rates of simple interests at 6% p.a. and 7% p.a. What is the ratio of Usman,s investments if the interests from those investments are equal ?
A. 6 : 5
B. 7 : 6
C. 4 : 3
D. 3 : 2
Jabbar invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Jabbar get on maturity of the fixed deposit ?
A. Rs. 8620
B. Rs. 8800
C. Rs. 8600
D. None of these
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a. ?
A. Rs. 10483.20
B. Rs. 10123.20
C. Rs. 9000.30
D. Rs. 9720
A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years ?
A. Rs. 635
B. Rs. 666.50
C. Rs. 565.25
D. Rs. 662.02
Jabbar invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Jabbar at the end of the year will be ?
A. Rs. 16,537.50
B. Rs. 18,150
C. Rs. 16,500
D. Rs. 16,525.50
Which of the following is a liability ?
A. Creditors
B. Debtors
C. Cash
D. Equipment