Q1. Find the amount of Rs. 8000 in 3/2 years at 5% per annum compound interest payable half-yearly.
(a) 8615.13
(b) 8715.23
(c) 9615.43
(d) 7615.13
Q2. Find the compound interest on Rs. 4000 at 24% per annum for 3 months, compounded monthly.
(a) 248.23
(b) 244.83
(c) 245.13
(d) 344.32
Q3. Annu invests Rs. 5000 in a bond which gives interest at 4% per annum during the first year, 5% during the second year and 10% during the third year. How much does she get at the end of the third year?
(a) 6006
(b) 5075
(c) 5785
(d) 4587
Q4. What will be the compound interest on Rs 15625 for 5/2 years at 4% per annum?
(a) 1713
(b) 1142
(c) 1213
(d) 1613
Q5. What will be the difference between simple and compound interest on a sum of Rs. 4500 put for 2 years at 5% per annum?
(a) 12.25
(b) 11.25
(c) 10.5
(d) 11.75
Q6. If the difference between the compound interest and simple interest on a certain sum of money for 3 years at 5% per annum is Rs. 61, find the sum.
(a) 8000
(b) 7000
(c) 4578
(d) 8952
Q7. A sum of money placed at compound interest doubles in 3 years. In how many years will it become four times?
(a) 5
(b) 6
(c) 4
(d) 7
Q8. A sum of money at compound interest amounts to Rs. 4050 in one year and to Rs. 4723.92 in 3 years. Find the rate of interest per annum.
(a) 7%
(b) 6%
(c) 5%
(d) 8%
Q9. If a sum of Rs. 13040 is to be paid back in two equal annual installments at 15/4% per annum, what is the amount of each installment?
(a) 6889
(b) 7854
(c) 6254
(d)6052
Q10. In how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semiannually becomes 926.10?
(a) 3/2
(b) 1 2/2
(c) 2 1/3
(d) 2 1/2
