Quick Method for solving Compound Interest Questions - Type 1

Ashish

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#1
1. Find the compound interest, if Rs 10,000 was invested for 2 years at rate of 10% per annum?



2. Find the compound interest, if Rs 10,000 was invested for 2 years at rate of 20% per annum?



3. Find the compound interest, if Rs 10,000 was invested for 2 years at rate of 6% per annum?



4. Find the compound interest, if Rs 10,000 was invested for 2 years at rate of 5% per annum?



5. An amount of Rs 6000 lent at 5% per annum interest for 2 years will become:
a) Rs 600
b) Rs 6,600
c) Rs 6,610
d) Rs 6,615



Answer: Rs 6,615