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Q:

If Rs. 2,000 is invested at the rate of 20% per annum, compounded half-yearly, then the amount after 18 months will be:

A) Rs.2628 B) Rs.2662
C) Rs.2600 D) Rs.3200
 
Answer & Explanation Answer: D) Rs.3200

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Q:

The maturity value of a certain sum after two years at 20% p.a. interest compounded annually is Rs. 14,400/-. Find the Principal amount.

A) Rs.9000 B) Rs.9500
C) Rs.10,000 D) Rs.10,500
 
Answer & Explanation Answer: C) Rs.10,000

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Q:

Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if rate of interest is charged half yearly.

A) Rs. 10041 B) Rs. 14641
C) Rs. 12000 D) Rs. 13660
 
Answer & Explanation Answer: B) Rs. 14641

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Q:

Mr. Devesh borrowed Rs.4,500 at 4% per annum compound interest. The compound interest compounded annually for 2years is

A) Rs. 367.2 B) Rs. 4867.2
C) Rs. 4876.2 D) Rs.376.2
 
Answer & Explanation Answer: A) Rs. 367.2

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Q:

Mr. Ibrahim borrowed Rs. 7500 at 5% per annum compound interest. The compound interest compounded annually for 2 years is

A) 768.75 B) 8268.75
C) 8286.75 D) 786.75
 
Answer & Explanation Answer: B) 8268.75

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Q:

In what time will Rs.4400 become Rs.4576 at 8% per annum interest compounded half-yearly?

A) 1 year B) 2 years
C) 6 months D) 7 months
 
Answer & Explanation Answer: C) 6 months

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Q:

What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?

A) Rs. 69,120 B) Rs. 21,120
C) Rs. 76,800 D) Rs. 72,000
 
Answer & Explanation Answer: B) Rs. 21,120

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Q:

What is the difference (in Rs) between compound interest (compounded annually) and simple interest for 3 years on a principal of Rs 4000 at the rate of 30% per annum?

 

 

A) 976 B) 1024
C) 1188 D) 1276
 
Answer & Explanation Answer: C) 1188

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