2
Q:

# If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a \$30,000 annual income today?

 A) 39158 B) 49158 C) 59158 D) 69158

Explanation:

i=j/m

FV = PV(1+  i)^n

Q:

A sum of Rs 15000 is lent at compound interest (compounded annually) at an interest rate of 20% per annum. If the interest is compounded half yearly, then how much more interest (in Rs) will be obtained in one year?

 A) 225 B) 150 C) 75 D) 300

Explanation:

3 639
Q:

A sum of money when invested for a year at the rate of 10% interest per annum compounded half-yearly becomes ₹ 44,100 at maturity. The sum invested was ............

 A) ₹ 40000 B) ₹ 40500 C) ₹ 39800 D) ₹ 40250

Answer & Explanation Answer: A) ₹ 40000

Explanation:

2 743
Q:

A certain sum amounts to Rs.280900 in 2 years at 6% per annum, interest compounded annually. The sum is:

 A) Rs.250000 B) Rs.200000 C) Rs.350000 D) Rs.550000

Explanation:

0 707
Q:

₹ 10000, invested at 30% rate of interest per annum. but compounded every four months, will give an amount of ₹ ...... in one year.

 A) 13270 B) 13000 C) 13300 D) 13310

Explanation:

1 3698
Q:

The compound interest on a certain sum at the end of two years is Rs.408. The simple interest on the same sum for the same time is Rs.400. The rate of interest per annum is:

 A) 2% B) 80% C) 40% D) 8%

Explanation:

2 812
Q:

Rs 10000 is kept at compound interest at an interest rate of 18% per annum (compounding annually). If the compounding of interest is done half yearly, then how much more interest (in Rs) will be obtained?

 A) 243 B) 324 C) 81 D) 162

Explanation:

4 651
Q:

A sum of Rs 6000 is borrowed at compound interest at the rate of 8% per annum. What will be the amount (in Rs) after 2 years?

 A)  6998.4 B) 6960 C) 6784.4 D) 6869.4