Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
Correct answer C. Rs. 8820
Tip: press A, B, C or D to answer, and N for the next question.
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More Compound Interest questions
See allThe difference between the compound interest and the simple interest on a sum for 3 years at 20% per annum is Rs. 1,152. What is the simple interest on the sum for 3 years?
Correct answer D. Rs. 5,400
What sum invested now at 8% per annum compound interest will amount to Rs. 29,160 in 2 years?
Correct answer A. Rs. 25,000
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Rs. 62,500 amounts to Rs. 67,600 in 6 months when interest is compounded quarterly. What is the annual rate of interest?
Correct answer A. 16%
What is the compound interest on Rs. 6,400 for 2 years at 12.5% per annum, compounded annually?
Correct answer A. Rs. 1,700
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