**Learn and Practice Free Compound Interest Set 8 questions **

## Click below to Practice Free Compound Interest Set 8 Questions

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

#### If you deposit $8000 into an account paying 7% annual interest compounded quarterly, how long until there is $12400 in the account?

Option 1: 2.3

Option 2: 6.3

Option 3: 4.3

Option 4: 5.3

Option 5:

#### If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account?

Option 1: 6.9

Option 2: 7.9

Option 3: 8.9

Option 4: 9.9

Option 5:

#### Other things being equal, would an investor prefer an interest rate of 10.5% compounded monthly or 11% compounded annually for a two-year investment?

Option 1: 1232

Option 2: 1243

Option 3: 1254

Option 4: 1262

Option 5:

#### Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

Option 1: 5.65%

Option 2: 5.75%

Option 3: 5.85%

Option 4: 5.95%

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.61.25

Option 3: Rs.51

Option 4: Rs.42

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.1550

Option 2: Rs.1650

Option 3: Rs.1750

Option 4: Rs.1850

Option 5:

#### If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

Option 1: Rs.1251

Option 2: Rs.1261

Option 3: Rs.1271

Option 4: Rs.1281

Option 5:

#### The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region’s current population is 100,000, what is the expected population 10 years from now?

Option 1: 81707

Option 2: 91707

Option 3: 61707

Option 4: 71707

Option 5:

#### Mr. and Mrs. Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds?

Option 1: 2354.17

Option 2: 2354

Option 3: 2376

Option 4: 2389

Option 5:

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

Option 1: 2422

Option 2: 2522

Option 3: 2622

Option 4: 2722

Option 5:

By Practicing the below question set :

The student will get the basic and advanced knowledge on Compound Interest Set 8.

The student will learned the priciples and methedology of Compound Interest Set 8.

The student will evaluate the knowledge level on Compound Interest Set 8.

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.