Compound Interest MCQs

The compound interest accrued on an amount of Rs. 25500 at the end of 3 years is Rs. 8440.50. What would be the simple interest accrued on the same amount at the same rate in the same period ?

The difference between the amount of compound interest and simple interest accrued on an amount of Rs. 26000 at the end of 3 years is Rs. 2994.134. What is the rate of interest p.c.p.a ?

A sum of money becomes eight times in 3 years, If the rate is compounded annually. In how much time will the same amount at the same compound rate become sixteen times ?

A sum of money placed at compound interest double itself in 4 years. In how many years will it amount to four times itself ?

The compound interest on Rs. 30000 at 7% per annum for a certain time is Rs. 4347. The times is = ?

A money lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum compound interest compounded half yearly and receives the interest at the end of the year. In this way, he gains Rs. 104.50, a year. The amount of money be borrows, is ?

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is = ?

A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is = ?

The compound interest on a certain some of money for 2 years at 10% per annum is Rs 420. The simple interest on the same sum at the same rate and for the same time will be ?