1.
A bank offers 5% compound interest calculated on half-yearly basis. A customer
deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the
year, the amount he would have gained by way of interest is:
A. Rs. 120 B. Rs. 121
C. Rs. 122 D. Rs. 123
2.
|
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:
|
A.
|
625
|
B.
|
630
|
C.
|
640
|
D.
|
650
|
|
3.There
is 60% increase in an amount in 6 years at simple interest. What will be the
compound interest of Rs. 12,000 after 3 years at the same rate?
A. Rs. 2160 B. Rs. 3120
C. Rs. 3972 D. Rs. 6240
E. None of these
4.
What is the difference between the compound interests on Rs. 5000 for 1 years
at 4% per annum compounded yearly and half-yearly?
A. Rs. 2.04 B. Rs. 3.06
C. Rs. 4.80 D. Rs. 8.30
5.The
compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in
years) is:
A.
2
B.
2
C.
3
D.
4
6.
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the
rate of 12 p.c.p.a.?
A. Rs. 9000.30 B. Rs. 9720
C. Rs. 10123.20 D. Rs. 10483.20
E. None of these
7.At
what rate of compound interest per annum will a sum of Rs. 1200 become Rs.
1348.32 in 2 years?
A. 6% B. 6.5%
C. 7% D. 7.5%
8.
The least number of complete years in which a sum of money put out at 20%
compound interest will be more than doubled is:
A. 3 B. 4
C. 5 D. 6
9.Albert
invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at
compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity
of the fixed deposit?
A. Rs. 8600 B. Rs. 8620
C. Rs. 8820 D. None of these
10.The
effective annual rate of interest corresponding to a nominal rate of 6% per annum
payable half-yearly is:
A. 6.06% B. 6.07%
C. 6.08% D. 6.09%
