compound interest quiz 1

COMPOUND INTEREST QUIZ 1

Q 1)The sum of money invested at compound interest double itself in 6 years.At the same rate of interest it will amount to eight times of itself in howmany years ?

15 18 12 16

Q 2)What will be the compound interest occured for 8000 @ 10 % per annum for 3 years ?

2600 2400 2648 2654

Q 3)If the simple interest on a certain sum of money for 3 years is Rs 225 and the compound inerest on the same sum @ for 2 years Rs 153 , then the principle invested is ?

1875 1800 1900 1750

Q 4) The difference between simple and compound interset for 2 years is 25 @ 5 % per annum ,then what will be the principle ?

125 100 130 140

Q 5)A man invested 1/3rd of his capital @ 7 % , 1/4th of @ 8% and the remaining @ 10 % rate of simple interest .If his annual income from the interset is Rs 561 then find capital invested ?

6300 6220 6500 6600

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