5 Questions
What is the sum of money if the compound interest on a certain sum for 2 years at 15% per annum is Rs. 441?
Rs. 2000
In how many years will a sum of money become 36 times itself if it becomes 9 times itself in 12 years at a certain rate of interest?
24 years
If the compound interest on a sum for 3 years at the rate of 10% per annum is Rs. 3315, what is the sum?
Rs. 10000
If the compound interest on a sum for 2 years at 18% per annum is Rs. 1944, what is the sum?
Rs. 8000
In how many years will a certain sum of money triple itself at simple interest if it triples in 8 years?
20 years
Study Notes
Compound Interest Scenarios
- Compound interest on a certain sum for 2 years at 15% per annum is Rs. 441.
- A sum of money becomes 36 times itself in an unknown number of years if it becomes 9 times itself in 12 years at a certain rate of interest.
- Compound interest on a sum for 3 years at 10% per annum is Rs. 3315.
- Compound interest on a sum for 2 years at 18% per annum is Rs. 1944.
- A certain sum of money triples itself in 8 years at simple interest, and the question is to find the number of years it takes to triple itself at simple interest.
Test your knowledge of compound interest with this quiz. Solve problems involving the calculation of compound interest on a sum of money over a specific period at a given interest rate. Challenge yourself with multiple-choice questions and improve your financial literacy.
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