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# CoCubes Simple and Compound Interest Question and Answers Quiz-1

Question 1

Time: 00:00:00
Find the compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually.

2345

2345

3245

3245

3122

3122

3109

3109

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Question 2

Time: 00:00:00
Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

612

612

613

613

700

700

645

645

Once you attempt the question then PrepInsta explanation will be displayed.

8112 is amount which will be after 2 years but here the compound interest is asked which can be calculated by: amount= P + C.I C.I= amount-P C.I= 8112-7500=612 So, Rs. 612 will be the compound interest

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Question 3

Time: 00:00:00
The simple interest on a sum of money for 3 years at 6²/3 % per annum is $6750. What will be the compound interest on the same sum at the same rate for the same period, compounded annually? 7219 7219 3456 3456 9076 9076 6765 6765 Once you attempt the question then PrepInsta explanation will be displayed. Please login to submit your explanation Start Question 4 Time: 00:00:00 There is an 80% increase in an amount in 8 years at simple interest determine the rate of interest and then find the compound interest of Rs 14,000 after 3 years at the same ROI when compounded annualy? 4612 4612 4634 4634 9768 9768 9988 9988 Once you attempt the question then PrepInsta explanation will be displayed. Please login to submit your explanation Start Question 5 Time: 00:00:00 The Simple interest on a certain sum for 2 years at 10% per annum is Rs. 90. The corresponding compound interest for the same ROI and time period if compounded annually will be? 94.5 94.5 99 99 67 67 56 56 Once you attempt the question then PrepInsta explanation will be displayed. Please login to submit your explanation Start Question 6 Time: 00:00:00 The certain sum becomes 3 times itself at compound interest in 10 years. In how many years it becomes 9 times? 20 20 12 12 30 30 34 34 Once you attempt the question then PrepInsta explanation will be displayed. Please login to submit your explanation Start Question 7 Time: 00:00:00 In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually 3 3 4 4 2 2 1 1 Once you attempt the question then PrepInsta explanation will be displayed. Please login to submit your explanation Start Question 8 Time: 00:00:00 Ron lent a sum$ 2000 to Ben after a span of 2 years Ben returned  $2205 to Ron. Find the Rate of Interest which was applied in the whole process when the money was lent at compound interest and the rate was compounded annually? 5% 5% 2% 2% 3% 3% 2.3% 2.3% Once you attempt the question then PrepInsta explanation will be displayed. Please login to submit your explanation Start Question 9 Time: 00:00:00 The difference between the compound interest compounded annually and the simple interest on a certain sum for 2 years at 6% per annum is$ 18. Find the sum.

5000

5000

6000

6000

2000

2000

2098

2098

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Question 10

Time: 00:00:00
The annual payment of Rs 80 in 5 yrs at 5% per annum Simple Interest will discharge the debt of ______.

432

432

440

440

446

446

464

464

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