1. If a sum of money compounded annually becomes 1.44 times of itself in 2 years, then the rate of interest per annum is ?

25%

22%

21%

20%

Answer: 20%

Explanation:


2. A sum of money placed at compound interest doubles itself in 4 years. In how many years will it amount to four times itself ?

12 years

13 years

8 years

16 years

Answer: 8 years

Explanation:


3. A sum of 12,000, deposited at compound interest becomes double after 5 years. How much will it be after 20 years ?

1,44,000

1,20,000

1,50,000

1,92,000

Answer: 1,92,000

Explanation:


4. A sum of money becomes eight times of itself in 3 years at compound interest. The rate of interest per annum is ?

100%

80%

20%

10%

Answer: 100%

Explanation:


5. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525 . The simple interest on the same sum for double the time at half the rate per cent per annum is ?

Rs. 520

Rs. 550

Rs. 500

Rs. 515

Answer: Rs. 500

Explanation:


6. A sum of money invested at compound interest amounts in 3 years to 2,400 and in 4 years to 2,520. The interest rate per annum is ?

5%

6%

10%

12%

Answer: 5%

Explanation:


7. A sum of money invested at compound interest amounts to 650 at the end of first year and 676 at the end of second year. The sum of money is ?

600

540

625

560

Answer: 625

Explanation:


8. An amount of money at compound interest grows up to 3,840 in 4 years and up to 3,936 in 5 years. Find the rate of interest ?

2.5%

2%

3.5%

2.05%

Answer: 2.5%

Explanation:


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

10%

9%

11%

8%

Answer: 8%

Explanation:


10. The income of a company increases 20% per year. If the income is Rs. 26,64,000 in the year 2012, then its income in the year 2010 was ?

Rs. 28,55,000

Rs. 18,50,000

Rs. 28,20,000

Rs. 21,20,000

Answer: Rs. 18,50,000

Explanation: