Compound Interest Mcq Pdf Model Questions & Answers, Practice Test for ibps rrb so officer sclae 2 3 single exam 2024

The ratio of the amount for two years under C.I. annually and for one year under S.I. is 6 : 5. When the rate of interest is same, then the value of rate of interest is

According to a new plan declared by the CSIR Bank, the rate of simple interest on a sum of money is 6% p.a. for the first two years, 8% p.a. for the next three years and 10% p.a for the period beyond first 5 years. Simple interest accrued on a sum for a period of 8 years is Rs.6600. Find the sum.

A sum amounts to Rs. 9680 in 2 years and to Rs. 10648 in 3 years compounded annually. Find the principal and the rate of interest per annum.

Rs. 16,000 was invested for three '' years, partly in Scheme A at the rate of 5% Simple Interest per annum and partly in scheme B at the rate of 8% Simple Interest per annum. Total interest received at the end was Rs. 3480. How much sum of money invested in Scheme A ?'

A finance company declares that, at a certain compound interest rate, a sum of money deposited by anyone will become 8 times in three years. If the same amount is deposited at the same compound rate of interest, then in how many year will it become 16 times ?