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Compound interest Test - 1

  • Remaining Timing :-

(1). Mr.Ram invested a sum of Rs.24800/- at the rate of compound interest 5 p.c.p.a. what interest he will get at the end of 2 years?

  • (a). Rs.2544
  • (b). Rs. 2471
  • (c). Rs.2542
  • (d). Rs. 2480
  • (e). None of these
Answer : Rs.2542

Explanation:

(2). What would be the compound interest of a sum of Rs.6000/- for a period of 3 years at 5p.c.p.a?

  • (a). Rs.930
  • (b). Rs. 970.45
  • (c). Rs.945.75
  • (d). Rs. 900
  • (e). None of these
Answer : Rs.945.75

Explanation:

(3). The compound interest on Rs. 8,000 at 15% per annum for 2 years 4 months, compounded annually is,

  • (a). Rs. 2980
  • (b). Rs. 3091
  • (c). Rs. 3109
  • (d). Rs. 3100
  • (e). None of these
Answer : Rs. 3109

Explanation:

(4). A certain sum amount to Rs. 5,832 in 2 years at 8% per annum compound interest, the sum is

  • (a). Rs. 5,000
  • (b). Rs. 5,200
  • (c). Rs. 5,280
  • (d). Rs. 5,400
  • (e). None of these
Answer : Rs. 5,000

Explanation:

(5). A certain sum of money yields Rs. 1261 as compound interest for 3 years at 5% per annum. The sum is

  • (a). Rs. 9000
  • (b). Rs. 8400
  • (c). Rs. 7500
  • (d). Rs. 8000
  • (e). None of these
Answer : Rs. 8000

Explanation:

(6). A certain sum, invested at 4% per annum compound interest, compounded half - yearly, amounts to Rs 7,803 at the end of one year. The sum is,

  • (a). Rs. 7,000
  • (b). Rs. 7,200
  • (c). Rs. 7,500
  • (d). Rs. 7,700
  • (e). None of these
Answer : Rs. 7,500

Explanation:

(7). At a certain rate per annum, the simple interest on a sum of money for one year is Rs. 260 and the compound interest on the same sum for two years is Rs. 540.80. The rate of interest per an num is

  • (a). 4%
  • (b). 6%
  • (c). 8%
  • (d). 10%
  • (e). None of these
Answer : 8%

Explanation:

(8). The simple interest on a sum of money at 4% per annum for 2 years is Rs. 80. The compound interest in the same sum for the same period is

  • (a). Rs. 82.60
  • (b). Rs. 82.20
  • (c). Rs. 81.80
  • (d). Rs. 81.60
  • (e). None of these
Answer : Rs. 81.60

Explanation:

(9). The simple interest and compound interest (compounded annually) on a certain sum of money with a given rate for a period of 2 years are Rs. 900 and Rs. 954 respectively. The sum of money is

  • (a). Rs. 3700
  • (b). Rs. 3650
  • (c). Rs. 3850
  • (d). Rs. 3750
  • (e). None of these
Answer : Rs. 3750

Explanation:

(10).
  • (a). Rs.910
  • (b). Rs. 870
  • (c). Rs.930
  • (d). Rs. 900
  • (e). None of these
Answer : Rs.930

Explanation: