- Concepts
- Practice Questions
- Important Formulas
- The compound interest on ₹8,000 at 15
Answer is d
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2. A sum of ₹8,000 will amount to ₹8820 in 2 years if the interest is calculated every. The rate of compound interest is
- 7
Answer is b
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3. A principle of ₹10,000, after 2 years compounded annually, the rate of interest being 10
Answer is a
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4. Two years ago, the value of my motorbike was ₹62,500. When the value depreciates by 4
Answer is a
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5. The compound interest on a sum of money for 2years is ₹615 and the simple interest
- ₹ 6,000
- ₹ 9,500
- ₹ 6,500
- ₹ 8,000
Answer is a
Read More: Compound Interest Concepts