**Compound Interest Maths Class 2**

**Practice Test on the basis of Compound Interest Class 2**

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This
is the Maths class lecture number 2 in which the tutor is going to explain
various Compound Interest questions and Answer. The tutor is using various
methods to find the solution fast during the examination. Those who had missed
out on the previous lecture for Compound Interest can click on the following link to
access that lecture.

We are
advising new candidates to watch the first lecture before watching the 2

^{nd}one lecture. After watching the complete video lecture you have to solve the practice test by using pen and paper.
We
have shared the various questions on the basis of the lecture and their
Answers. You have to solve each compound interest questions and find the answer.
After solving the questions match your answers with the correct answers which
we shared with each question. You will be able to find your score after
matching the answers. Practice more and more similar questions related to this
topic and your speed will automatically increase to find the solutions.

**Key Points related to the Compound Interest Maths Class 2:**

**1.**One of the most important topic of Maths with respect to any of the competitive exams like BANKING, SSC, CDS, AFCAT, RAILWAYS, and other STATE-LEVEL government exams.

**2.**Using shortcuts to solve Compound Interest problems by explaining it through two years and three years concept.

**3.**The tutor is trying to solve by using Shot tricks and No Formula.

**4.**Questions are given for Practice below.

**5.**Once we completed all the lectures of Compound Interest you will be able to attempt any question in competitive exam.

**WATCH THE COMPOUND INTEREST LECTURE -2**

**PRACTICE QUESTIONS OF COMPOUND INTEREST – 2**

**1.)**Find the Simple Interest, Compound Interest and difference between Simple Interest and Compound Interest on Rs 10000 for 3 years at the rate of 10% per annum.

**(Ans 3000, 3310, 310)**

**2.)**Find the Compound Interest on Rs 20480 at a rate of 6.25% per annum for 2 years and 73 days.

**(Ans 2929)**

**3.)**Find the Compound Interest on Rs 8000 at a rate of 15% per annum for 2 years and 4 months.

**(Ans 3109)**

**4.)**The difference between simple interest and compound interest for 2 years at a rate of 5% per annum is Rs 40. Find Sum.

**(Ans 16000)**

**5.) The difference**between simple interest and compound interest for 2 years at a rate of 16⅔% per annum is Rs 30. Find Sum.

**(Ans 1080)**

**6.)**Difference between simple interest and compound interest for 3 years at the rate of 16⅔% per annum is Rs 380. Find Sum.

**(Ans 4320)**

**7.)**Compound Interest of the second year at the rate of 20% per annum is Rs 270 in 3 years. Find Sum?

**(Ans 1125)**

**8.)**Compound Interest of the third year at the rate of 10% per annum is Rs 363 in 3 years. Find Sum?

**(Ans 3000)**

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