What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
Correct answer A. Rs. 2.04
Tip: press A, B, C or D to answer, and N for the next question.
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More Compound Interest questions
See allWhat is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465.
Correct answer D. I and Either II or III only
Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.
Correct answer D. II and Either I or III only
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What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II. The compound interest and the simple interest earned in one year is the same. III. The amount becomed more than double on compound interest in 10 years.
Correct answer A. I only
What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000.
Correct answer E. I only or II and III only
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