If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
Correct answer A. Rs. 51.25
Tip: press A, B, C or D to answer, and N for the next question.
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More Compound Interest questions
See allSimple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
Correct answer C. Rs. 1750
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
Correct answer D. 6.09%
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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
The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
Correct answer B. 4
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