Compound Interest Questions

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  1. The compound interest on ₹8,000 at 15

Answer is d

 

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

  1. 7

Answer is b

 

3. A principle of ₹10,000, after 2 years compounded annually, the rate of interest being 10

Answer is a

 

4. Two years ago, the value of my motorbike was ₹62,500. When the value depreciates by 4

Answer is a

 

5. The compound interest on a sum of money for 2years is ₹615 and the simple interest

  1. ₹ 6,000
  2. ₹ 9,500
  3. ₹ 6,500
  4. ₹ 8,000

Answer is a

 
   

Read More: Compound Interest Concepts

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