**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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