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Compound and Simple Interest Quiz : 18.09.2019

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Question 1

A certain amount of money earns Rs.540 as Simple Interest in 3 years. If it earns a compound Interest of Rs.376.20 at the same rate of interest in 2 years, find the principal amount (in Rupees).

Question 2

What is the difference (in Rs) between the compound interests on Rs 12,500 for 1 year at 8% per annum compounded yearly and half-yearly?

Question 3

Rohit purchased a Maruti car 3 years ago for Rs. 2lac. Its value depreciated each year @25% p.a. What is the present value of the car?

Question 4

In how many months will Rs 8,000 yield Rs 2,648 as compound interest at 20% per annum compounded semi-annually?

Question 5

A sum of Rs 1750 is divided into two parts such that the interests on the first part at 8% simple interest per annum and that on the other part at 6% simple interest per annum are equal. The interest on each part is(in Rs)

Question 6

At what rate percent per annum of compound interest, will a sum of money become four times of itself in two years?

Question 7

What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

Question 8

Shivam invested INR 5200 in a scheme which offers compound interest of 8% rate of interest for the first year, 15% rate of interest for the second year and 25% rate of interest for the third year. Find the total interest at the end of the third year?

Question 9

In what time will the sum of 1000 Rs becomes 1728 Rs at 20% per annum compounded annually?

Question 10

Difference of compound interest and simple interest on a sum at 10% rate for 2 years is 80 Rs. Find the sum.
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