NIACL Assistant Simple & Compound Interest — practice questions
8 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice NIACL Assistant Simple & Compound Interest in the app →The compound interest on ₹5,000 at 10% p.a. for 2 years compounded annually is:Find the difference between CI and SI on ₹10,000 at 10% p.a. for 2 years.A sum amounts to ₹6,050 at 10% p.a. compound interest in 2 years. Find the principal.At what rate compounded annually does ₹4,000 amount to ₹4,840 in 2 years?The compound interest on ₹16,000 for 3 years at 5% p.a. compounded annually is:If CI for 1st year is ₹500 and for 2nd year is ₹525 on a certain sum at the same rate, find the rate.If the simple interest on a sum at 6% p.a. for 3 years is ₹540, what is the compound interest at the same rateIf a sum at compound interest doubles in 6 years, in how many years will it become 8 times itself?