A sum of money placed at compound interest triples itself in 9 year. In how many years will if amount to 243 times itself?
(A) 27 years
(B) 36 years
(C) 45 years
(D) 54 years
What is a difference between simple interest and compound interest in 1 year at a rate of 10 percent on an amount of Rs. 1200. If interest is half yearly compounded?
(A) 5 Rupees
(B) 6 Rupees
(C) 3 Rupees
(D) 9 Rupees
A bank offers a 20% compound interest per half year . A customer deposits Rs. 2800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is______
(A) Rs.1792
(B) Rs.448
(C) Rs.3584
(D) Rs.896
If a sum of money becomes 8 times in 9 years at compound interest annually, in how much time it will become 32 times?
(A) 15 year
(B) 20 year
(C) 25 year
(D) None of these
There is 80% increase in amount in 5 years at simple interest. What will be the compound interest of Rs. 20,000 after 3 years at the same rate?
(A) Rs.1000
(B) Rs.11217.92
(C) Rs.11717.20
(D) Rs.13217.92
ask me in the comment section, If you face any problem while solving compound interest questions. All the best.
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