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Compound Interest 1/1

1. Find the amount for Rs. 6000 at 10% per annum, compounded semi-annually for 2 years.
a. Rs.1200
b. Rs.1250
c. Rs.1293
d. Rs.1300


2. The difference between the CI and SI on a certain amount at 10% per annum for 2 years, compounded annually is Rs.372. Find the principal.
a. Rs.32200
b. Rs.35000
c. Rs.37200
d. None


3. Find compound interest on Rs. 10000 at 10% p.a. for 4 years, if interest is compounded annually.
a. Rs.4341
b. Rs.4441
c. Rs.4641
d. Rs.4741


4. If a certain sum of money invested at a certain rate of compound interest doubles in 5 years. In how many years will it become 4 times?.
a. 7 years
b. 10 years
c. 11 years
d. 12 years


5. If a certain sum of money invested at a certain rate of compound interest doubles in 6 years. In how many years will it become 8 times?
a. 16
b. 18
c. 20
d. 24


6. At what rate per cent of compound interest, a sum of Rs. 2000 will amount to Rs. 2662 in 3 years?
a. 10%
b. 20%
c. 30%
d. 40%


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