1. If the compound interest on a sum of money for 3 years at the rate of 5% per annum is 252.20, the simple interest on the same sum at the same rate and for the same time is ?

220

240

245

250

Answer: 240

Explanation:


2. The sum for 2 years gives a compound interest of Rs. 3225 at the rate of 15% per annum. The sum is ?

Rs. 10000

Rs. 20000

Rs. 15000

Rs. 32250

Answer: Rs. 10000

Explanation:


3. If Rs. 10000 amounts to Rs. 11664 invested in compound interest (compounded annually) for two years then the annual rate of compound interest is ?

10%

9%

8%

6%

Answer: 8%

Explanation:


4. The compound interest on Rs. 30,000 at 7% per annum for n years is Rs. 4347. The value of n is ?

3

2

4

5

Answer: 2

Explanation:


5. Two years ago, the value of my motorbike was 62500. If the value depreciates by 4% every year, now its value is ?

56700

57600

57500

55700

Answer: 57600

Explanation:


6. A sum of 8000 will amount to 8820 in 2 years if the interest is calculated every year. The rate of compound interest is ?

6%

7%

3%

5%

Answer: 5%

Explanation:


7. If the rate of interest be 4% per annum for first year, 5% per annum for second year and 6% per annum for third year, then the compound interest of 10,000 for 3 years will be ?

1,600

1,625.80

1,575.20

2,000

Answer: 1,575.20

Explanation:


8. The compound interest on 30,000 at 7% per annum for a certain time is 4,347. The time is ?

3 years

4 years

2 years

2.5 years

Answer: 2 years

Explanation:


9. 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: