**Learn and Practice Free Compound Interest Set 10 questions **

## Click below to Practice Free Compound Interest Set 10 Questions

## You can get answer of the below sample questions by going through the above Question sets.

#### Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

Option 1: 19296

Option 2: 19396

Option 3: 19496

Option 4: 19596

Option 5:

#### Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

Option 1: 75263.64

Option 2: 76345

Option 3: 76389

Option 4: 56897

Option 5:

#### The difference between simple and compound interest compounded annually on a certain sum of money for 2 years at 4% per annum is re.1. the sum is

Option 1: 625

Option 2: 630

Option 3: 640

Option 4: 650

Option 5:

#### If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

Option 1: Rs.51.25

Option 2: Rs.52

Option 3: Rs.53

Option 4: Rs.54

Option 5:

#### Find the finance charge for an average daily balance of $8431.10 with monthly interest rate of 1.4%

Option 1: 98.04

Option 2: 88.04

Option 3: 68.04

Option 4: 118.04

Option 5:

#### The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

Option 1: 2

Option 2: 3

Option 3: 4

Option 4: 5

Option 5:

#### Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years?

Option 1: 1557.29

Option 2: 2557.29

Option 3: 2567

Option 4: 2457

Option 5:

#### Calculate the effective interest rate compounded quarterly of a 13% annual rate.

Option 1: 13.65%

Option 2: 14.665%

Option 3: 15.65%

Option 4: 16.65%

Option 5:

#### Calculate the effective interest rate of a 10% annual rate compounded continuously.

Option 1: 9.52%

Option 2: 10.52%

Option 3: 11.52%

Option 4: 12.52%

Option 5:

#### An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded annually

Option 1: 734664

Option 2: 8346

Option 3: 3456

Option 4: 4567

Option 5:

By Practicing the below question set :

The student will get the basic and advanced knowledge on Compound Interest Set 10.

The student will learned the priciples and methedology of Compound Interest Set 10.

The student will evaluate the knowledge level on Compound Interest Set 10.

Student can practice number of times the question till he is clear.

Student can provide the review / feedback / suggestion on the questions which will help to others.

The question contains the simple to complex level difficulties so that student can improve the knowledge.