The least number of complete years in which a sum of money put out at 20% compou

Question

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

Options:

A . 3

B . 4

C . 5

D . 6

Answer: Option B

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Question 1. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How muc....amount will Albert get on maturity of the fixed deposit?

Question 2. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:....

Question 3. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 ye....10% per annum. The sum placed on simple interest is:

Question 4. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the sam....same at the same rate and for the same time?

Question 5. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is t....Rs. 96. What is the rate of interest per annum?

Question 6. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:....

Question 7. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for ....the time at half the rate percent per annum is:

Question 8. In how many years will Rs. 2000 amounts to Rs. 2420 at 10% per annum compound interest?....

Question 9. What would be the compound interest accrued on an amount of Rs. 8400 @ 12.5 p.c.p.a at the end of 3 years ?....

Question 10. If the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three ....years is Rs. 36.60, then the sum is = ?

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