1. The compound interest on Rs.10,000 in 2 years at 4% per annum, the interest being compounded yearly, is...
A) Rs.636.80 B) Rs.816 C) Rs.912 D) Rs.828.82 E) None of these
2. A sum of money is borrowed and paid back in two annual instalments of Rs.1764 each, allowing 5% CI. What was the sum borrowed?
A) Rs.4000 B) Rs.3340 C) Rs.3000 D) Rs.3280 E) None of these
3. What is be the compound interest (in Rs.) accrued on an amount of Rs.15000 at the rate of 20 percent annum in two years, if the interest is compounded half-yearly?
A) 6196.5 B) 6916.5 C) 4641.5 D) 6961.5 E) None of these
4. Find the compound interest on Rs.10,000 at 20% per annum for 6 months. (Compounded quarterly)
A) Rs.4353 B) Rs.1329 C) Rs.1025 D) Rs.2649 E) Rs.2440
5. Find compound interest on Rs.7000 at 21% per annum for 2 years 4 months, compounded annually.
A) Rs.3824.9 B) Rs.3966.1 C) Rs.4094.4 D) Rs.1110.9 E) Rs.2410
6. A certain sum amounts to Rs.6250 in 2 years and to Rs.6875 in 3 years. Find the sum.
A) Rs.5674.69 B) Rs.4233 C) Rs.5254.45 D) Rs.5165.29 E) Rs.5468.89
7. A sum of money doubles itself at compound interest in 5 years. In how many years will it become eight times?
A) 20 years b B) 25 years C) 30 years D) 15 years E) 10 years
8. Rs.5,200 was partly invested in scheme A at 20% p.a compound interest (compounded annually) for 2 years and partly in scheme B at 12% p.a simple interest for 5 years. Both the schemes earn equal interests. How much was invested in scheme A?\
A) Rs.3,200 B) Rs.4,000 C) Rs.2,200 D) Rs.3,000 E) Rs.2,000
9. Rs.10,200 was partly invested in scheme A at 10% p. a compound interest (compounded annually) for 2 years and partly in scheme B at 6% p.a simple interest for 5 years. Both the schemes earn equal interests. How much was invested in scheme A?
A) Rs.5200 B) Rs.6000 C) Rs.6400 D) Rs.4000 E) Rs.5000
10. A certain sum of money invested at a certain rate p.a gives a compound interest earned at the end of 2 years is Rs.3630 and simple interest of Rs.13200 at the end of 8 years. Find the sum invested. (In Rs.)
A) 9000 B) 8000 C) 7250 D) 8250 E) 6750
11. Shyam invested the money in two schemes A and B in the ratio of 3 : 4 for 2 years, scheme A offers 20% p.a compound interest and scheme B offers 15% p.a simple interest. Difference between the interest earned from both schemes is Rs.1080. How much was invested in scheme B?
A) Rs.30000 B) Rs.25000 C) Rs.27000 D) Rs.36000 E) Rs.42000
12. A person invested Rs.28000 at the rate of X% for two years on compound interest and got a total amount of Rs.37030. If he invested the same amount at the rate of (X + 5)% for two years on compound interest, then find how much interest will he get.
A) Rs.12320 B) Rs.13200 C) Rs.13220 D) Rs.12230 E) Rs.13022
Key
1-B; 2-D; 3-D ; 4-C; 5-B; 6-D; 7-D; 8-D; 9-B; 10-D; 11-D; 12-A.
