Compound Interest (IASSETU)

Compound Interest
1. Sanjay invested an amount of Rs. 10,000 at compound interest rate of 10 per cent per annum for a
period of three years. How much amount will Sanjay get after 3 years?

2. Sandeep invested an amount of Rs. 16,000 for two years at compound interest and received an amount
of Rs. 17,640 on maturity. What is the rate of interest?

3. Pankaj invested an amount of Rs. 15,000 at compound interest rate of 10 percent per annum for a period
of 2 years. What amount will be received at the end of two years?

4. A sum of money at compound interest amounts to thrice of itself in three years. In how many years will it
be 9 times itself?

5. At what rate percent will the compound interest does a sum of money become four fold in 2 years?

6. A sum of Money Placed at compound Interest doubles itself in 4 Yrs. In how many years will it amount to
eight times itself?

7. Simple interest on a sum of 4% per annum for 2 years is Rs. 80. The compound interest on the same
sum for the same period is –

8. A sum of Money Placed at compound Interest triples itself in 3 Yrs. In how many years will it amount to
Twenty Seven times itself?

9. At what Rate percent compounded yearly will Rs 80000 amount to Rs 88200 in 2 yrs?

ANSWERS

1.Rs13310
2.5%
3.18150
4.6Years
5.100%
6. 12 Yrs
7.Rs81.6
8.9Yrs
9.5%