# Aptitude  Compound Interest  Practice Q&A-easy

1. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

 3 4 5 6

2. 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?

 Rs. 8600 Rs. 8620 Rs. 8820 None of these

3. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

 Rs. 9000.30 Rs. 9720 Rs. 10123.20 Rs. 10483.20

4. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period in years is:

 2 2$\dfrac{1}{2}$ 3 4

5. Find the compound amount and compound interest on the principal Rs.20,000 borrowed at 6% compounded annually for 3 years.

 3820.32 3080.23 1500 3100.32

6. Find the compound amount which would be obtained from the interest of Rs.2000 at 6% compounded quarterly for 5 years.

 3256.97 2567.9 1693.17 2693.71

7. If the present value of my investment is $1,000 and the rate of interest is 6% compounded annually, what will the value be after 10 years? $1,600 $1,771.56$1,790.85 $1,898.30 8. If the present value of my investment is$9,000 and the rate of interest is 3½% compounded annually, what will the value be after 4 years?

 $10,176.87$10,260 $10,324.27$10,327.71

9. Your goal is to have $2,000 in 6 years. The rate of interest is 10% compounded annually, so how much should you start with? $800 $1,026.32$1,116.79 $1,128.95 10. Your goal is to have$3,500 in 10 years. The rate of interest is 3% compounded annually, so how much should you start with?

 $2,126.16$2,450 $2,604.33$2,629.60

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