1. The principal, which will amount to 270.40 in 2 years at the rate of 4% per annum compound interest, is ?

200

225

250

220

Answer: 250

Explanation:


2. The compound interest on 16,000 for 9 months at 20% per annum, interest being compounded quarterly, is ?

2,520

2,524

2,522

2,518

Answer: 2,522

Explanation:


3. A certain sum amounts to 5,832 in 2 years at 8% per annum compound interest, the sum is ?

5,000

5,200

5,280

5,400

Answer: 5,000

Explanation:


4. At what rate per cent per annum will a sum of 1,000 amounts to 1,102.50 in 2 years at compound interest ?

5%

5.5%

6%

6.5%

Answer: 5%

Explanation:


5. The sum of money that yields a compound interest of 420 during the second year at 5% p.a is ?

4,000

42,000

8,000

21,000

Answer: 8,000

Explanation:


6. 800 at 5% per annum compounded annually will amount to 882 in ?

1 year

2 years

3 years

4 years

Answer: 2 years

Explanation:


7. Rekha invested a sum of 12000 at 5% per annum compound interest. She received an amount of 13230 after n years. Find n ?

2.8 years

3.0 years

2.5 years

2.0 years

Answer: 2.0 years

Explanation:


8. On a certain principal the compound interest compounded annually for the second year at 10% per annum is 132. The principal is ?

1250

1000

1200

1320

Answer: 1200

Explanation:


9. A sum of Rs. 2420 is accumulated in 2 years at 10% compound interest on a certain amount. Then the original amount is ?

Rs. 1000

Rs. 2000

Rs. 1500

Rs. 2500

Answer: Rs. 2000

Explanation:


10. What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually ?

Rs.2592

Rs.2492

Rs.2352

Rs.2352

Answer: Rs.2592

Explanation: