**Learn and Practice Free Compound Interest Set 7 questions **

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#### How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?

Option 1: 9007

Option 2: 4007

Option 3: 7007.08

Option 4: 8007

Option 5:

#### Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simonâ€™s account at the end of 2 years?

Option 1: 424.36

Option 2: 524.56

Option 3: 545.36

Option 4: 456.36

Option 5:

#### Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest

Option 1: 3 Years

Option 2: 4 Years

Option 3: 5 Years

Option 4: 6 Years

Option 5:

#### The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?

Option 1: 8560

Option 2: 8673

Option 3: 8746

Option 4: 8780.8

Option 5:

#### Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?

Option 1: 1548

Option 2: 1348

Option 3: 1648

Option 4: 1748

Option 5:

#### A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

Option 1: 4%

Option 2: 5%

Option 3: 6%

Option 4: 7%

Option 5:

#### The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is

Option 1: Rs 2

Option 2: Rs 3

Option 3: Rs 4

Option 4: Rs 5

Option 5:

#### 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: 17296

Option 2: 13296

Option 3: 19296

Option 4: 15296

Option 5:

#### In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?

Option 1: 2 Years

Option 2: 3 Years

Option 3: 4 Years

Option 4: 5 Years

Option 5:

#### The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is

Option 1: Rs.2.50

Option 2: Rs.3

Option 3: Rs.4

Option 4: Rs.4.50

Option 5:

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