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Compound interest Practice Questions & Answers

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The difference of compound interest and simple interest for 3 years and for 2 years are in ratio 23 : 7 respectively. What is rate of interest per annum (in %)?

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The difference of compound interest and simple interest for 3 years and for 2 years are in ratio 23 : 7 respectively. What is rate of interest per annum (in %)?
1). $\frac{200}{7}$
2). $\frac{100}{7}$
3). $\frac{300}{7}$
4). $\frac{400}{7}$

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The simple and compound interest that can be earned in two years at the same rate is Rs 4000 and Rs 4180 respectively. What is the rate (percent per annum) of interest?

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The simple and compound interest that can be earned in two years at the same rate is Rs 4000 and Rs 4180 respectively. What is the rate (percent per annum) of interest?
1). 18
2). 4.5
3). 9
4). 12

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The compound interest earned in two years at 12% per annum is Rs 10176. What is the sum (in Rs) invested?

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The compound interest earned in two years at 12% per annum is Rs 10176. What is the sum (in Rs) invested?
1). 50000
2). 60000
3). 40000
4). 80000

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What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

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What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?
1). 8000
2). 8650
3). 8750
4). 8800

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The amount on Rs.25,000 In 2 years at annual compound Interest. If the rates for the successive years be 4% and 5% per annum respectively Is :

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The amount on Rs.25,000 In 2 years at annual compound Interest. If the rates for the successive years be 4% and 5% per annum respectively Is :
1). Rs.30,000
2). Rs.26,800
3). Ra.27,300
4). Rs.28,500