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Compound Interest Online Exam Quiz

Important questions about Compound Interest. Compound Interest MCQ questions with answers. Compound Interest exam questions and answers for students and interviews.

1. Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?

Options

A : Rs. 3845

B : Rs. 4826

C : Rs. 5142

D : Rs. 4415

2. What is the interest rate per annum, if a sum of money invested at compound interest amount to Rs. 2400 in 3 years and in 4 years to Rs. 2,520?

Options

A : 3.5%

B : 4%

C : 5%

D : 6.5%

3. A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

Options

A : Rs. 7000

B : Rs. 4500

C : Rs. 9000

D : Rs. 8200

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