# Compound Interest

## Compound Interest

Congratulations - you have completed *Compound Interest*.

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Question 1 |

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

Rs. 120 | |

Rs. 121 | |

Rs. 122 | |

Rs. 123 |

Question 2 |

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:?

625 | |

630 | |

640 | |

650 |

Question 3 |

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

Rs. 2160 | |

Rs. 3120 | |

Rs. 3972 | |

Rs. 6240 |

Question 4 |

What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?

Rs. 2.04 | |

Rs. 3.06 | |

Rs. 4.80 | |

Rs. 8.30 |

Question 5 |

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

2 | |

1 | |

2 | |

3 |

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There are 5 questions to complete.