Compound Interest Questions
Compound interest calculates interest on both the original principal and previously accumulated interest. Practise finding amounts, rates, and time periods, with clear explanations and formulas for competitive exam preparation.
4 questions
- An amount doubles in 7 years under compound interest. How many years will it take for the amount to grow to 16 times its original value?
- A man deposits ₹1,50,000 at a CI rate of 10% p.a. After the first year's interest is credited, he withdraws 50% of the interest earned. What is his account balance…
- The compound interest on ₹8,000 for 1 year 6 months at 20% p.a., compounded half-yearly, is:
- An amount is said to double in 5 years with compound interest. How many years will it take for the amount to grow to 8 times its original value?