Compound Interest Maths Class 3
CI Practice test
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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.
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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.
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.
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.
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.
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.
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.
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.
8.) A certain sum of money becomes 64/25 times of itself after 2 years at compound interest. Find the rate of interest.