AP-ICET EXAM 2021|COMPOUND INTEREST

 Compound interest

1. Kiran earns an interest of Rs. 400 over 2 years on a simple interest basis and Rs. 420 at the same interest rate on compound interest basis. What is the compound interest for 2nd year?

1) 250

2) 230

 3) 200

 4) 220

 5) 225

2. Kartika buys a second hand Scooty for Rs. 50000. The value of the Scooty depreciates at a rate of R% every year. If the Scooty was sold at a price of Rs. 45125 after two years then, find the value of R.

1) 15

2) 2

3) 10

 4) 5

 5) 3

3. The compound interest on `2000 in 2 years if the rate of interest is 4% per annum for the first year and 3% per annum for the second year, will be

 1) 140.40

 2) 142.40

 3) 143.40

 4) 141.40

5) 153.40

 4. A sum of Rs. 3,200 invested at 10% p.a. compounded quarterly amounts to Rs. 3,362. Compute the time period.

 1) 0.5year

 2) 2.5 years

 3) 2 years

4) 3.4 year

5) 1 year

5. How much will be the compound interest to be paid on a principle amount of Rs.85, 000 after 3 years at the rate of 6 p.c.p.a.?

 1) Rs. 16626.36

 2) Rs. 16236.36

 3) Rs. 16323.36

 4) Rs. 16632.26

 5) Rs. 16623

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