Arithmetic Aptitude :: CI Quiz 2
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# free Online Test Compound Interest Questions and Answers Quiz 2

Description: Free Online Test questions and answers on Compound Interest with explanation for various competitive exams,entrance test. Solved examples with detailed answer test 2

Exercise

 "Success has many fathers, while failure is an orphan." - (Proverb)
1 . The difference between the amount of compound interest and simple interest accured on an amount of Rs.26,000 at the end of 3 years is Rs.2994.134 What is the rate of interest p.c.p.a. ?
 22 17 19 cannot be determined
2 . The simple interest accrued on a sum of certain principal is Rs.2,000 in five years at the rate of 4 p.c.p.a. What would be the compound interest accrued on same principal at same rate in two years ?
 Rs. 716 Rs. 724 Rs. 824 Rs. 816
3 . Pamela invested an amount of Rs. 35,000 for two years at the rate of 5 p.c.p.a. What amount of compound interest would she receive at the end of two years ?
 Rs. 3587.50 Rs. 3500 Rs. 3580.50 Rs. 3565.50
4 . What will be the approximate difference in the simple and compound interest accrued on an amount of Rs.2600 at the rate of 15 p.c.p.a. at the end of three years ?
 Rs.184 Rs. 194 Rs. 167 Rs. 177
5 . A man gets a simple interest of Rs.1,000 on a certain principal at the rate of 5 p.c.p.a. in years. What compound interest will the man get on twice the principal in two years at the same rate ?
 Rs. 1050 Rs. 1005 Rs. 11025 None of these
6 . Sonika invested an amount of Rs.5,800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.5 at the end of two years ?
 5% 4% 6% 8%
7 . What would be the compound interest accrued on an amount of Rs. 45,400 at the end of two years at the ratio of 15 p.c.p.a. ?
 Rs.16411.5 Rs.14461.5 Rs.16461.5 Rs. 14641.5
10 . The compound interest (in Rupees) on `5,600 for 1 $1\over 2$ years at 10% per annum, compounded annually, is