2
Q:

# At the beginning of March, Ryan had $621 in his savings bank account. On 10 March he deposited$60. If the bank pays 8% p.a. interest paid monthly and calculated on the minimum monthly balance, calculate the interest Ryan earns in March.

 A) 2.14 B) 3.14 C) 5.14 D) 4.14

Explanation:

I = (P x T x R) /100

Q:

The simple interest on a certain sum at the end of three years at 5%p.a. is ₹1,200. The compound interest on the same sum for the same period at the same rate is (interest compounded yearly):

 A) ₹1,800 B) ₹1,261 C) ₹820 D) ₹1,260

Explanation:

1 971
Q:

A sum of money invested for 4 years and 9 months at a rate of 8% simple interest per annum became Rs. 1,035 at the end 0 of the period. What was the sum that was initially invested?

 A) Rs. 700 B) Rs. 675 C) Rs. 725 D) Rs. 750

Explanation:

4 316
Q:

At what percent of simple interest will a sum 0f money double itself in 15 years?

 A) 6 1/3% B) 6 2/3% C) 6 1/2% D) 6%

Explanation:

3 365
Q:

What is the total earning after 2 years from Rs.18,750 on variable compound interest if the rate of interest for the first 4 year is 4% and for the second, it is 8%?

 A) ₹ 1,740 B) ₹ 1,760 C) ₹ 1,670 D) ₹ 2,310

Explanation:

1 1892
Q:

The simple interest on a sum of Rs.50,000 at the end of two years is Rs.4,000. What would be the compound interest on the same sum at the same rate for the same period ?

 A) 4,040 B) 4,080 C) 4,008 D) 8,000

Explanation:

1 1897
Q:

Rs. 775 invested for 6 years gives an interest of Rs. 372. The rate of simple interest per annum is:

 A) 8% B) 7% C) 9% D) 7.5 %

Explanation:

2 384
Q:

In how many wars will an amount be doubled at 28.75% annual rate of interest?

 A) 3.00 B) 3.90 C) 3.47 D) 6.00

Explanation:

0 1230
Q:

If in 13 years a fixed sum doubles at simple interest, what will be the interest rate per year? (Correct to two decimal places)

 A) 8.69% B) 7.69% C) 7.29% D) 7.92%