Compound Interest Quiz MCQ Practice
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1. P=Rs10000, R=10%, T=2 years. Find the Compound Interest (annual compounding).
- A. Rs2000
- B. Rs2200
- C. Rs1000
- D. Rs2100
Answer: Rs2100
Explanation: Rs2100 — verified fact for Compound Interest Quiz.
2. A sum amounts to Rs4840 in 2 years at 10% p.a. compound interest. Find the principal.
- A. Rs4500
- B. Rs4200
- C. Rs4000
- D. Rs3800
Answer: Rs4000
Explanation: Rs4000 — verified fact for Compound Interest Quiz.
3. A sum doubles in 5 years at compound interest. In how many years will it become 8 times?
- A. 25 years
- B. 15 years
- C. 10 years
- D. 20 years
Answer: 15 years
Explanation: 15 years — verified fact for Compound Interest Quiz.
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