Compound Interest Practice Test Set 1 ⋆ CSE Study247

Compound Interest Practice Test Set 1

Questions 11-15 of 50

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Question 11

MCQ · Single Correct 1 mark

The compound interest, compounded annually, on Rs 30,000 at 9% per annum is Rs 5,643. The time period (in years) is:

A A) 3 years B B) 5 years C C) 2 years D D) 4 years

Question 12

MCQ · Single Correct 1 mark

A sum of Rs 10,00,000 is invested in a bank at 19% interest per annum compounded annually. On maturity, the amount payable becomes Rs 16,85,159. Find the time period of the investment.

A A) 1 year B B) 3.5 years C C) 3 years D D) 2.5 years

Question 13

MCQ · Single Correct 1 mark

In how many years will Rs 1,60,000 become Rs 2,79,841 at a compound interest rate of 15% per annum compounded annually?

A A) 6 years B B) 3 years C C) 5 years D D) 4 years

Question 14

MCQ · Single Correct 1 mark

If a sum of Rs 20,500 is lent at 30% per annum on compound interest, after how many years an amount of Rs 34,645 will be obtained?

A A) 4 years B B) 1 year C C) 2 years D D) 3 years

Question 15

MCQ · Single Correct 1 mark

The compound interest on Rs 10,000 at 20% per annum is Rs 4,641. If the compounding is done half-yearly, then for how many years was the sum invested?

A A) 2 years B B) 3 years C C) 4 years D D) 6 years

Compound Interest Practice Test Set 1

Question 11

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Question 12

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Question 13

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Question 14

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Question 15

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