# Learn and Practice Free Compound Interest Set 11 questions

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

#### The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum.

Option 1: 6010000
Option 2: 61100
Option 3: 62100
Option 4: 63100
Option 5:

Option 1: 251.35
Option 2: 245.45
Option 3: 235.87
Option 4: 251
Option 5:

Option 1: 10
Option 2: 11
Option 3: 12
Option 4: 13
Option 5:

Option 1: 1
Option 2: 2
Option 3: 3
Option 4: 4
Option 5:

#### Sharon Stone deposits \$500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

Option 1: 22681.19
Option 2: 23456
Option 3: 44577
Option 4: 25685
Option 5:

Option 1: 625
Option 2: 635
Option 3: 645
Option 4: 655
Option 5:

Option 1: 4.875
Option 2: 3.785
Option 3: 4.865
Option 4: 4.975
Option 5:

#### What lump sum deposited today would allow payments of \$2000/year for 7 years at 5% compounded annually?

Option 1: 11572.71
Option 2: 11876
Option 3: 189756
Option 4: 11576
Option 5:

Option 1: 0.7916
Option 2: 0.8916
Option 3: 0.9916
Option 4: 0.6916
Option 5:

#### What periodic payment will an investor receive from a \$9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?

Option 1: 29.38
Option 2: 39.38
Option 3: 49.38
Option 4: 59.38
Option 5:

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