ARUN ACADEMY is an institution training students for BANK PO, CLERK, SPECIALIST OFFICERS, TRB-PG & UG, TET, TNPSC Group Exams, Railways, SSC, Insurance Sector –AO, AAO & ADO, Police, S.I & Entrance Examinations.
12-B II Floor, RBT Mall, Near ARRS Multiplex
P.O. Box: 12-B II Floor,
Salem
Tamilnadu
636004
India

Compound interest Test - 2

  • Remaining Timing :-

(1). The compound interest on a certain sum of money at 5% per annum for 2 years is Rs. 246. The simple interest on the same sum for 3 years at 6% per annum is ?

  • (a). Rs 435
  • (b). Rs 450
  • (c). Rs 430
  • (d). Rs 432
  • (e). None of these
Answer : Rs 432

Explanation:

(2). The difference between compound and simple interests on a certain sum for 3 years at 5% per annum is Rs. 122. The sum is.

  • (a). Rs 16,000
  • (b). Rs 15,000
  • (c). Rs 12,000
  • (d). Rs 10,000
  • (e). None of these
Answer : Rs 16,000

Explanation:

(3). A certain sum of money amounts to Rs. 2,420 in 2 years and Rs. 2,662 in 3 years at some rate of compound interest, compounded annually. The rate of interest per annum is

  • (a). 6%
  • (b). 8%
  • (c). 9%
  • (d). 10%
  • (e). None of these
Answer : 10%

Explanation:

(4). A sum of money amounts to Rs. 4,840 in 2 years and to Rs. 5,324 in 3 years at compound interest compounded annually. The rate of interest per annum is

  • (a). 10%
  • (b). 9%
  • (c). 11%
  • (d). 8%
  • (e). None of these
Answer : 10%

Explanation:

(5). A sum of money at compound interest doubles itself in 15 years. It will become eight times of itself in,

  • (a). 45 years
  • (b). 48 years
  • (c). 54 years
  • (d). 60 years
  • (e). None of these
Answer : 45 years

Explanation:

(6). A sum of money at compound interest three times itself in 6 years. It will become nine times of itself in,

  • (a). 45 years
  • (b). 48 years
  • (c). 54 years
  • (d). 60 years
  • (e). None of these
Answer : None of these

Explanation:

(7). Rs. 8000 becomes Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?

  • (a). 2 years
  • (b). 3 years
  • (c). 4 years
  • (d). 5 years
  • (e). None of these
Answer : 3 years

Explanation:

(8). The time in which Rs.15625 will amount to Rs. 17576 at 4% compound interest is?

  • (a). 2 years
  • (b). 3 years
  • (c). 4 years
  • (d). 5 years
  • (e). None of these
Answer : 3 years

Explanation:

(9). In what time will Rs. 10,000 amount to Rs. 13310 at 20% per annum compounded half yearly?

  • (a). 1.5 years
  • (b). 2years
  • (c). 2.5years
  • (d). 3years
  • (e). None of these
Answer : 1.5 years

Explanation:

(10). At what rate per cent per annum will a sum of Rs. 1,000 amount to Rs. 1,102.50 in 2 years at compound interest?

  • (a). 5%
  • (b). 5.50%
  • (c). 6%
  • (d). 6.50%
  • (e). None of these
Answer : 5%

Explanation: