Compound Interest (MCQ)
1. The difference between compound interest and simple interest on an amount
of Rs.15,000 for 2 years is Rs.96. What is the rate of interest per annum?
(d) None of these
2. The difference between simple and compound interests and compounded annually
on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.)
3. The compound interest on a sum of money for 2 years is Rs.832 and the simple
interest on the same sum for the same period is Rs.800. The difference between
the compound interest and the simple interest for 3 years will be:
4. The difference between the simple interest on a certain sum at the rate of
10% per annum for 2 years and compound interest which is compounded every 6
months is Rs.124.05. What is the principal sum?