Simple & Compound Interest — practice questions with answers
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Arjun deposits ₹25,000 in a bank at 8% per annum, compounded annually. How much interest does he…Sunita invests ₹20,000 for 2 years at 15% per annum compound interest (compounded yearly). What…Meera deposits ₹12,500 in a bank that pays 12% per annum, compounded annually. How much interest…At simple interest, a sum of money amounts to ₹9200 in 3 years and ₹10400 in 6 years. Find the…What is the difference between the compound interest (compounded annually) and the simple interest…At what rate percent per annum will ₹2000 amount to ₹2400 in 2 years at simple interest?The difference between compound interest and simple interest on a certain sum at 10% per annum for…Rohan deposits ₹15000 at 8% per annum, compounded annually. How much interest does he earn in 2…On a fixed deposit of ₹25,000 at 4% per annum compounded annually, what interest is earned in 2…The difference between compound interest and simple interest on a sum for 2 years at 15% per annum…₹8,000 is invested for 1 year at 10% per annum, compounded half-yearly. Find the compound…The difference between compound interest and simple interest on a sum for 2 years at 15% per annum…The difference between compound interest and simple interest on a sum for 2 years at 8% per annum…Rekha deposits ₹15,000 in a bank paying 8% per annum, compounded annually. How much interest does…Find the difference between the compound interest and the simple interest on a sum of ₹10000 at…Arjun borrows ₹16,000 at 5% per annum compound interest, compounded yearly. How much interest does…The difference between compound interest and simple interest on a sum for 2 years at 8% per annum…If a sum of money doubles itself in 8 years at simple interest, what is the rate of interest per…₹16,000 is invested at 10% per annum, compounded half-yearly. What is the compound interest for 1…A sum of money doubles itself in 8 years at simple interest. In how many years will it become four…A sum of money doubles itself in 8 years at simple interest. In how many years will it become…Kavita kept a sum in a bank for 2 years at 15% per annum. Interest compounded annually came to…The difference between the compound interest and the simple interest on a certain sum at 12% per…A sum of money doubles itself in 8 years at simple interest. Find the rate percent per annum.At simple interest, a sum of ₹6500 grows to ₹8840 in 4 years. Find the annual rate of interest (in…
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