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Compound Interest Test-6

  • Remaining Timing :-

(1). A man borrows Rs.4300 and repaid it in two equal annual instalments. If the rate of interest be 15% compounded annually then the value of each instalment is

  • (a). Rs.2645
  • (b). Rs.2000
  • (c). Rs.2472.5
  • (d). Rs.3645
  • (e). None of these
Answer : Rs.2645

Explanation:

(2). Ravi invested Rs 6000 in a company at compound interest compounded semi-annually. He receives Rs 7986 after 18 months from the company. Find the rate of interest per annum

  • (a). 5%
  • (b). 10%
  • (c). 20%
  • (d). 12%
  • (e). None of these
Answer : 20%

Explanation:

(3). Calculate the compound interest on Rs 12000 for 2 years at 20% per annum when compounded half-yearly

  • (a). Rs 5569.20
  • (b). Rs 7569.20
  • (c). Rs 5589.40
  • (d). Rs 5779.50
  • (e). None of these
Answer : Rs 5569.20

Explanation:

(4). Difference between compound interest and simple interest on a sum for two years at 10% per annum. When the interest is compounded annually is Rs.16. If the interest were compounded half-yearly, the difference in two interests?

  • (a). Rs.35.51
  • (b). Rs.30.51
  • (c). Rs.25.50
  • (d). Rs.18.51
  • (e). 24.81
Answer : 24.81

Explanation:

(5). The compound interest on a sum of money for two years is Rs.416 and the simple interest on the same sum for the same period is Rs.400. The difference between the compound interest and the simple interest for three years?

  • (a). Rs.45.33
  • (b). Rs.75.28
  • (c). Rs.33.28
  • (d). Rs.93.25
  • (e). 49.28
Answer : 49.28

Explanation: