Compound Interest Practice Test Set 1 ⋆ CSE Study247

Compound Interest Practice Test Set 1

Questions 41-45 of 50

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Question 41

MCQ · Single Correct 1 mark

A sum of money becomes 4 times its original value in 6 years under compound interest. In how many years will it become 16 times of the original amount?

A A) 12 years B B) 18 years C C) 24 years D D) 30 years

Question 42

MCQ · Single Correct 1 mark

If the amount received at the end of 2nd and 3rd year at compound interest on a certain Principal is Rs 9,600 and Rs 10,272 respectively, what is the rate of interest?

A A) 7% B B) 8% C C) 6% D D) 5%

Question 43

MCQ · Single Correct 1 mark

A sum of money is invested at compound interest. The amount after 2 years is Rs 15,972 and after 3 years it becomes Rs 17,888.64. What is the rate of interest per annum?

A A) 10% B B) 12% C C) 14% D D) 16%

Question 44

MCQ · Single Correct 1 mark

At what rate of compound interest per annum will a sum of Rs 3,600 become Rs 4,277.16 in 2 years?

A A) 9% B B) 8% C C) 9.5% D D) 8.5%

Question 45

MCQ · Single Correct 1 mark

A sum of Rs 15,625 amounts to Rs 24,389 in 3 years at a certain rate of interest per annum, compounded annually. The rate of interest per annum is:

A A) 14% B B) 15% C C) 19% D D) 16%

Compound Interest Practice Test Set 1

Question 41

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Question 42

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Question 43

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Question 44

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Question 45

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