Learn and Practice Free Compound Interest Set 9 questions

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The effective annual rate of interest corresponding to nominal rate of 6% per annum payable half yearly is


Option 1: 5%
Option 2: 6%
Option 3: 7%
Option 4: 6.09%
Option 5:


Find the time to double your investment at 6%


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


Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually


Option 1: 2109
Option 2: 3109
Option 3: 4109
Option 4: 5109
Option 5:


A loan is made for $4800 with an APR of 12% and payments made monthly for 24 months. What is the payment amount? What is the finance charge?


Option 1: 622.8
Option 2: 522.8
Option 3: 322.8
Option 4: 632.8
Option 5:


A loan is made for $3500 with an interest rate of 9% and payments made annually for 4 years. What is the payment amount?


Option 1: 8906
Option 2: 1089
Option 3: 1070
Option 4: 1080.34
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:


Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?


Option 1: 146694.12
Option 2: 13452
Option 3: 18232
Option 4: 15627
Option 5:


The compound interest on a sum of money for 2 years is rs.832 and the simple interest on the same sum for the same period is rs.800 .the difference between the compound interest and simple interest for 3 years


Option 1: Rs.48
Option 2: Rs.66.56
Option 3: Rs.98.56
Option 4: none of these
Option 5:


If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?


Option 1: 39158
Option 2: 49158
Option 3: 59158
Option 4: 69158
Option 5:


The difference between the compound interest and simple interest on an amount of Rs.15000 for two years is Rs.96. what is the rate of interest per annum


Option 1: 8
Option 2: 10
Option 3: 12
Option 4: 13
Option 5:

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