**Learn and Practice Free Compound Interest Set 12 questions **

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#### For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:0.7

Option 1: 9

Option 2: 10

Option 3: 11

Option 4: 12

Option 5:

#### At 3% annual interest compounded monthly, how long will it take to double your money?

Option 1: 20.1

Option 2: 21.1

Option 3: 22.1

Option 4: 23.1

Option 5:

#### Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

Option 1: 0.0933

Option 2: 0.1033

Option 3: 0.1133

Option 4: 0.1233

Option 5:

#### For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 4.2

Option 1: 1

Option 2: 2

Option 3: 3

Option 4: 4

Option 5:

#### Rs 1000 is being charged at 50% per annum. what is the interest for 3rd year at compound interest?

Option 1: 1122

Option 2: 1025

Option 3: 1125

Option 4: 625

Option 5:

#### For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 8.4

Option 1: 1

Option 2: 2

Option 3: 3

Option 4: 4

Option 5:

#### Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

Option 1: 1389

Option 2: 1359

Option 3: 1379

Option 4: 1339.33

Option 5:

#### What is the difference between the compound interests on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

Option 1: 2.04

Option 2: 3.04

Option 3: 4.04

Option 4: 5.04

Option 5:

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