**Learn and Practice Free Compound Interest Set 11 questions **

## Click below to Practice Free Compound Interest Set 11 Questions

## You can get answer of the below sample questions by going through the above Question sets.

#### The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum.

Option 1: 6010000

Option 2: 61100

Option 3: 62100

Option 4: 63100

Option 5:

#### 15 semiannual payments are made into a sinking fund at 7% compounded semiannually so that $4850 will be present. Find the amount of each payment rounded to the nearest cent

Option 1: 251.35

Option 2: 245.45

Option 3: 235.87

Option 4: 251

Option 5:

#### For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.

Option 1: 10

Option 2: 11

Option 3: 12

Option 4: 13

Option 5:

#### For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:2.1

Option 1: 1

Option 2: 2

Option 3: 3

Option 4: 4

Option 5:

#### Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

Option 1: 22681.19

Option 2: 23456

Option 3: 44577

Option 4: 25685

Option 5:

#### The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

Option 1: 625

Option 2: 635

Option 3: 645

Option 4: 655

Option 5:

#### The periodic interest rate corresponding to: 9.75% compounded semiannually

Option 1: 4.875

Option 2: 3.785

Option 3: 4.865

Option 4: 4.975

Option 5:

#### What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

Option 1: 11572.71

Option 2: 11876

Option 3: 189756

Option 4: 11576

Option 5:

#### Calculate the periodic interest rate corresponding to 9.5% compounded monthly

Option 1: 0.7916

Option 2: 0.8916

Option 3: 0.9916

Option 4: 0.6916

Option 5:

#### What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?

Option 1: 29.38

Option 2: 39.38

Option 3: 49.38

Option 4: 59.38

Option 5:

By Practicing the below question set :

The student will get the basic and advanced knowledge on Compound Interest Set 11.

The student will learned the priciples and methedology of Compound Interest Set 11.

The student will evaluate the knowledge level on Compound Interest Set 11.

Student can practice number of times the question till he is clear.

Student can provide the review / feedback / suggestion on the questions which will help to others.

The question contains the simple to complex level difficulties so that student can improve the knowledge.