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Compound Interest MCQ Set 4

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COMPOUND INTEREST MCQ SET 4

1. A sum of Rs.1000 is invested at 10% per annum compound interest (compounded annually) for 2 years . How much interest will be received after two years .

(a) Rs.200

(b) Rs.210

(c) Rs.211

(d) Rs.1210

Show Answer

Answer: B

2. A sum of Rs.1000 is invested at 20% per annum compound interest (compounded annually) for 2 years . How much interest will be received after two years .

(a) Rs.400

(b) Rs.440

(c) Rs.432

(d) Rs.1440

Show Answer

Answer: B

3. The compound interest on Rs.2,500 after 2 years , at a rate of 6% per annum , compounded annually , will be :

(a) Rs.309

(b) Rs.320

(c) Rs.318

(d) Rs.322

Show Answer

Answer: A

4. What will be the compound interest on a sum of Rs.1200 for 2 years at the rate of 20% per annum when the interest is compounded yearly?

(a) Rs.624

(b) Rs.504

(c) Rs.576

(d) Rs.528

Show Answer

Answer: D

5. The compound interest (in Rs. , to the nearest integer) on Rs.8950 for 2 years at the rate of 9% per annum , compounded annually , is:

(a) 1523

(b) 1683

(c) 1685

(d) 1468

Show Answer

Answer: B

6. Kalyan invested a sum of Rs.12000 for two years at the rate of 5% and 10% respectively . What is the compound interest (in Rs.) at the end of two years?

(a) 1920

(b) 1860

(c) 1900

(d) 1880

Show Answer

Answer: B

7. A sum of Rs.10000 is invested at 5% and 7% per annum compound interest (compounded annually) for the 1st and 2nd year respectively . How much interest will be received after two years .

(a) Rs.1244

(b) Rs.1032

(c) Rs.944

(d) Rs.1235

Show Answer

ย Answer: D

8. What is the compound interest on Rs.62,500 for 2 years at 8% per annum compounded yearly?

(a) Rs.10,500

(b) Rs.10,300

(c) Rs.10,400

(d) Rs.10,600

Show Answer

Answer: C

9. Pragya invested Rs.2,00,000 in the name of her daughter , who is 16 years old , in a scheme that pays compound interest at a rate of 8% per annum , compounded annually . What will be the total amount due to the daughter when she becomes 18 years old?

(a) Rs.2,51,250

(b) Rs.2,52,150

(c) Rs.2,35,850

(d) Rs.2,33,280

Show Answer

Answer: D

10. The compound interest for two years at 12% per annum is Rs.477 . What is the principal amount (in Rs.) invested ?

(a) 1875

(b) 1500

(c) 2000

(d) 1650

Show Answer

Answer: A

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