Learn and Practice Free Compound Interest Set 5 questions

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The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

Option 1: 3
Option 2: 4
Option 3: 5
Option 4: 6
Option 5:

Give an investment of $13200,compound amount of $22680.06 invested for 8 years,what is the interest rate if interest rate is compounded anually?

Option 1: 6%
Option 2: 7%
Option 3: 8%
Option 4: 9%
Option 5:

Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

Option 1: 1126.19
Option 2: 1237
Option 3: 2863
Option 4: 1892
Option 5:

On a sum of money, the simple interest for 2 years is Rs. 660,while the compound interest is Rs.696.30,the rate of interest being the same in both the cases. The rate of interest is

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

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

Option 1: 1710.29
Option 2: 2710.29
Option 3: 3710.29
Option 4: 4710.29
Option 5:

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

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

Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.

Option 1: Rs.2522
Option 2: Rs.2422
Option 3: Rs.3522
Option 4: Rs.2322
Option 5:

Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit ?

Option 1: Rs.8600
Option 2: Rs.8830
Option 3: Rs.8500
Option 4: Rs.8820
Option 5:

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is

Option 1: Rs.4000
Option 2: Rs.500
Option 3: Rs.600
Option 4: Rs.800
Option 5:

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is

Option 1: Rs.1650
Option 2: Rs.1550
Option 3: Rs.1750
Option 4: Rs.1850
Option 5:

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