Compound Interest Practice Problems: Level 01

Please solve the following Compound Interest Questions:
Q.1.Find the minimum number of complete years required so that the sum of money put out at 20 % compound interest will be more than double.
a) 1 Year
b) 2 Year
c) 3 Year
d) 4 Year
e) 5 Year
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Q.2. A sum of money at compound interest amounts to four times of itself in 2 years. In how many years will it be 16 times of itself?
a) 18 Year
b) 27 Year
c) 9 Year
d) 6 Year
e) 4 Year
Q.3. A sum of money at compound interest amounts to eight times of itself in 3 years. In how many years will it be 512 times of itself?
a) 28 Year
b) 24 Year
c) 9 Year
d) 16 Year
e) 14 Year
Q.4.In what time will a man receive Rs. 51 as compound interest on Rs. 625 at 4% p.a. compounded annually?
a) 4 1/2 Year
b) 2 1/2 Year
c) 2 Year
d) 3 Year
e) 5 Year
Q.5.In what time will a man receive Rs. 1449 as compound interest on Rs. 10000 at 7% p.a. compounded annually?
a) 4 Year
b) 2 1/2 Year
c) 2 Year
d) 5 Year
e) 3 Year
Q.6.In how many years will Rs. 25 lent at compound interest at 6 % p.a. amount to Rs. 28.09?
a) 1 1/2 Year
b) 2 Year
c) 2 1/2 Year
d) 3 Year
e) 4 Year
Q7.I invested a sum of money at compound interest. It amounted to Rs. 4840 in 2 years and to Rs. 5324 in 3 years. Find the rate of interest.
a) 8 %
b) 12 %
c) 10 %
d) 15 %
e) 20 %
Q8.I invested a sum of money at compound interest. It amounted to Rs. 6741 in 3 years and Rs. 6420 in 4 years. Find the rate of interest.
a) 11 %
b) 18 %
c) 12 %
d) 5 %
e) 10 %
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Q9.A certain sum of money invested @ 40 % p.a. compounded half-yearly amounts to Rs. 5760 in 1 year. What is the sum (in Rs.)?
A. B. C. D. E.
a) 2100
b) 4000
c) 1900
d) 2000
e) 2200
Q10.A sum of money is invested at compound interest compounded annually. The interests in two successive years were Rs. 150 and Rs. 168. Then the rate percent was
a) 1.5 %
b) 3 %
c) 6 %
d) 12 %
e) None Of The Above
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