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Quiz: Simple and Compound Interest

5 questionsNo time limitPass: 60%+10 XP on first pass

Simple interest grows by the same amount every year; compound interest grows on itself. Formulas, the CI − SI shortcut, half-yearly compounding and solved questions.

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  1. Question 1

    What is the simple interest on ₹12,000 at 5% per year for 4 years?

  2. Question 2

    What is the compound interest on ₹5,000 at 20% per year for 2 years?

  3. Question 3

    The difference between CI and SI on ₹8,000 for 2 years at 5% per year is:

  4. Question 4

    At what simple interest rate does a sum triple in 10 years?

  5. Question 5

    A sum triples in 4 years at compound interest. In how many years will it become 27 times?