Compound Interest in Aptitude MCQ Quiz (Multiple Choice Questions And Answers)
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6. Find the C.I. on a sum of Rs.1600 for 9 months at 20% per annum, interest being compounded quarterly
- Rs.2522
- Rs. 2500
- Rs. 2520
- Rs. 2521
7. Simple interest on a sum at 4% per annum for 2 years is Rs.80. The C.I. on the same sum for the same period is?
- Rs.81.60
- Rs. 82
- Rs. 83
- Rs. 84
8. The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?
- 0.05
- 0.06
- 0.07
- 0.04
9. The sum of money at compound interest amounts to thrice itself in 3 years. In how many years will it be 9 times itself?
- 6
- 12
- 24
- 3
