- Concepts
- Practice Questions
- Important Formulas
- A sum of money doubles itself in 4 years at compound interest. When will it amounts to 8 times itself at the same rate of interest ?
- 12 years
- 24 years
- 18 years
- 16 years
Answer is a
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2. If the amount on a certain principle in 3years at 12
Answer is d
Â
3. A certain grows at an annual interest rate of 12
Answer is c
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4. Compound interest on a sum of money for 2years at 4 percent per annum is ₹2,448. After 2 Years the simple interest of the same sum of money at the same rate of interest will be
- ₹ 2400
- ₹ 2250
- ₹ 2500
- ₹ 2360
Answer is a
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Read More: Compound Interest Concepts