A sum of money placed at compound interest doubles itself in 5 years – McqOptions

MCQOPTIONS

1.	A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?
A.	7 years
B.	10 years
C.	15 years
D.	20 years
Answer» D. 20 years

Discussion

No Comment Found

Related MCQs

<p> If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?</p>
<p> What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?</p>
<p> If Rs. 7500 are borrowed at C. I at the rate of 4 % per annum then after 2 years, the amount to be paid is_______?</p>
<p> A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?</p>
<p> Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?</p>
<p> A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?</p>
<p> What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?</p>
<p> Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?</p>
<p> Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?</p>
<p> The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?</p>