Simple & Compound Interest

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Q. A certain amount of money is invested at a compound interest rate of 10% per annum. How long will it take for the investment to double?
  • A. 7.2 years
  • B. 10 years
  • C. 5 years
  • D. 8 years
Q. A certain amount of money is invested at a compound interest rate of 12% per annum. If the amount becomes $5000 after 3 years, what was the principal?
  • A. $3500
  • B. $4000
  • C. $4500
  • D. $4800
Q. A certain amount of money triples itself in 15 years at compound interest. What is the annual interest rate?
  • A. 5%
  • B. 6%
  • C. 7%
  • D. 8%
Q. A loan of $2000 is taken at a simple interest rate of 7% per annum. How much total amount will be paid back after 5 years? (2023)
  • A. $2400
  • B. $2500
  • C. $2600
  • D. $2700
Q. A loan of $5000 is taken at a compound interest rate of 5% per annum. What will be the total amount to be paid after 3 years?
  • A. $5750
  • B. $6300
  • C. $6500
  • D. $7000
Q. A loan of $5000 is taken at a compound interest rate of 6% per annum. What will be the total amount to be paid after 3 years? (1910)
  • A. $5900
  • B. $6000
  • C. $6100
  • D. $6200
Q. A loan of $5000 is taken at a simple interest rate of 10% per annum. How much interest will be paid after 4 years? (2000)
  • A. $200
  • B. $400
  • C. $600
  • D. $800
Q. A loan of $8000 is taken at a compound interest rate of 7% per annum. What will be the total amount to be paid after 4 years? (2000)
  • A. $10000
  • B. $11000
  • C. $12000
  • D. $13000
Q. A loan of Rs. 2000 is taken at a simple interest rate of 8% per annum. How much interest will be paid after 4 years? (2000)
  • A. Rs. 640
  • B. Rs. 480
  • C. Rs. 320
  • D. Rs. 560
Q. A person invests $2000 at a compound interest rate of 5% per annum. What will be the total amount after 3 years? (2000)
  • A. $2315.25
  • B. $2500
  • C. $2200
  • D. $2400
Q. A person invests $2000 at a compound interest rate of 8% per annum. How much will he have after 2 years? (2000)
  • A. $2320
  • B. $2400
  • C. $2500
  • D. $2600
Q. A person invests $2000 at a compound interest rate of 8% per annum. What will be the total amount after 2 years? (2000)
  • A. $2320
  • B. $2400
  • C. $2500
  • D. $2600
Q. A person invests $2000 at a rate of 6% per annum. How much interest will he earn in 4 years under simple interest? (2023)
  • A. $480
  • B. $4800
  • C. $240
  • D. $2400
Q. A sum of money invested at a certain rate of compound interest becomes three times in 10 years. What is the rate of interest?
  • A. 10%
  • B. 15%
  • C. 20%
  • D. 25%
Q. A sum of money invested at compound interest becomes $1500 in 2 years and $1800 in 3 years. What is the rate of interest?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. A sum of money invested at compound interest becomes $1600 in 2 years and $1764 in 3 years. What is the rate of interest?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. A sum of money invested at compound interest becomes $8000 in 5 years. If the rate of interest is 10% per annum, what was the principal amount?
  • A. $5000
  • B. $6000
  • C. $7000
  • D. $7500
Q. A sum of money invested at compound interest grows to $1500 in 2 years and to $1800 in 3 years. What is the rate of interest?
  • A. 10%
  • B. 15%
  • C. 20%
  • D. 25%
Q. A sum of money invested at compound interest grows to $5000 in 3 years. If the rate of interest is 5% per annum, what was the principal amount?
  • A. $4320
  • B. $4500
  • C. $4800
  • D. $4900
Q. A sum of money invested at compound interest grows to Rs. 8000 in 2 years and Rs. 9600 in 3 years. What is the rate of interest?
  • A. 20%
  • B. 25%
  • C. 30%
  • D. 15%
Q. A sum of money is invested at a certain rate of compound interest. If the amount becomes three times in 10 years, what is the annual interest rate?
  • A. 10%
  • B. 15%
  • C. 20%
  • D. 25%
Q. A sum of money is invested at a certain rate of compound interest. If the amount becomes three times in 10 years, what is the rate of interest?
  • A. 10%
  • B. 15%
  • C. 20%
  • D. 25%
Q. A sum of money is invested at a certain rate of simple interest. If the interest earned in 4 years is $200, what will be the interest earned in 10 years at the same rate?
  • A. $400
  • B. $500
  • C. $600
  • D. $800
Q. A sum of money is invested at a compound interest rate of 12% per annum. How long will it take for the investment to double?
  • A. 5 years
  • B. 6 years
  • C. 7 years
  • D. 8 years
Q. A sum of money is invested at a compound interest rate of 8% per annum. How much will it amount to in 3 years if the principal is $5000? (2023)
  • A. $6000
  • B. $6300
  • C. $6400
  • D. $6800
Q. If a loan of $5000 is taken at a simple interest rate of 6% per annum, how much interest will be paid after 4 years?
  • A. $1200
  • B. $1000
  • C. $800
  • D. $600
Q. If a sum of money doubles in 5 years at simple interest, what is the rate of interest per annum?
  • A. 10%
  • B. 20%
  • C. 15%
  • D. 25%
Q. If a sum of money doubles itself in 5 years at simple interest, what is the rate of interest per annum?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. If a sum of money doubles itself in 5 years at simple interest, what will be the rate of interest per annum?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
Q. If a sum of money doubles itself in 5 years at simple interest, what will be the rate of interest?
  • A. 10%
  • B. 12%
  • C. 15%
  • D. 20%
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