Compound Interest Practice Test Set 2

Questions 36-40 of 50

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Question 36

MCQ · Single Correct 1 mark
Previous Year Question SSC MTS 2023 PYQ

What will be the compound interest on Rs 30,000 at 10% per annum for 1.5 years, when interest is compounded half-yearly?

Answers for question 36

Question 37

MCQ · Single Correct 1 mark
Previous Year Question RRB NTPC 15/02/2021 PYQ

A sum was invested for 3 years on compound interest at 6%, 12% and 18% in first, second and third year respectively. The sum amounts to Rs 20,000 in 3 years. Find the principal amount ($\approx$).

Answers for question 37

Question 38

MCQ · Single Correct 1 mark
Previous Year Question SSC GD 2024 PYQ

Rs 1,700 is lent at compound interest at an annual rate of 22% for 1 year. If the compounding of interest is done half-yearly, then how much more interest will be obtained?

Answers for question 38

Question 39

MCQ · Single Correct 1 mark
Previous Year Question RRB NTPC GRADUATE LEVEL 2026 PYQ

Amit invested an equal sum of money in both simple interest and compound interest schemes. The time period was 2 years at 4% p.a. If compound interest exceeded simple interest by Rs 58, what was the principal?

Answers for question 39

Question 40

MCQ · Single Correct 1 mark
Previous Year Question SSC CGL 2017 MAINS PYQ

If in 3 years at simple interest the principal increases by 18%, what will be the compound interest earned on Rs 25,000 in 3 years at the same rate?

Answers for question 40
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