Compound
Interest Maths Class 3
CI
Practice test
Shared
By: WWW.GovtJobsPortal.IN
Continue
with the Maths classes, today we are going to share Compound interest class
number 3. We already shared the first 2 tutorials related to this topic. Those who
miss out those maths tutorial can click on the given link below to access those
tutorial.
Point
which Tutor is going to discuss in this Compound Interest video:
1. Important
topic of Math with respect to any exams like BANKING, SSC, CDS, AFCAT, RAILWAYS, and other STATE government exams.
2. Shortcuts
of Compound Interest.
3. Compound
Interest short tricks.
4. Questions
given below in the Practice Test.
5. Once
we completed all the lectures of Compound Interest you can attempt any question
in the exam.
Watch Video Class
PRACTICE TEST OF COMPOUND INTEREST – 3
1.) Find
the difference between simple interest and compound interest for one year at
the rate of 20% per annum on Rs 20000 when compounded half-yearly.
(Ans
200)
2.) Find
the difference between simple interest and compound interest for one year at
the rate 40% per annum on Rs 20000 when compounded quarterly.
(Ans 1282)
3 Find
the difference between compound interest on Rs 16000 for one year at the rate
20% per annum when compounded half-yearly and quarterly.
(Ans 88.1)
4.) A sum
of money is lent out at Compound Interest at the rate 20% per annum for 2
years. It would fetch Rs 482 more if interest is compounded half-yearly. Find
the sum.
(Ans 20000)
5.) If the
difference between compound interest compounded half-yearly and simple interest
on a sum at the rate 10% per annum for one year is Rs 25. Find sum.
(Ans 10000)
6.) A
person invested Rs 20000 with the rate of interest at 20% per annum. The
interest was compounded half-yearly for the first year and in the next year, it was
compounded yearly. Find the total of interest earned in the two years.
(Ans 9040)
7.) A
certain sum of money becomes Rs 2500 in 3 years and Rs 3000 in 4 years at
compound interest. Find the rate of interest.
(Ans 20%)
8.) A certain
sum of money becomes 64/25 times of itself after 2 years at compound interest.
Find the rate of interest.
(Ans 60%)
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