compound interest - math game ( 9E internals )

The money borrowed or lent out for a certain period is called the ______ or _______.

• Rate

• Principal

• Time

• Sum

Extra money paid for using other's money is called the ________.

• Principal

• Amount

• Interest

• none of the choices

The period for which money is borrowed is called the ____.

• Time

• Simple Interest

• Compound Interest

• Rate

The formula of simple interest goes like :

Find the compound interest on ₹12000 for 2 years at 5% per annum, compounded annually

• ₹1240

• ₹1230

• ₹1030

• ₹1330

The formula for Compound Interest when compounded annually is:

Calculate the amount and the compound interest on ₹8000 for 2 years 9 months at 10% p.a. compounded annually.

• Amount = ₹10406

  C.I. = ₹2406

• Amount = ₹10407

  C.I. = ₹2406

• Amount = ₹10303

  C.I = ₹2604

• Amount = ₹10304

  C.I = ₹2604

the relative increase is called ______.

• depreciation

• growth

• compound interest

• rate

the formula for interest when its compounded half-yearly is:

In what time will ₹5000 amount to ₹6655 at 0% p.a, compounded annually?

• 3 years

• 2 years

• 2 years 8 months

• 3 years 2 months