1. At what rate per annum will 32000 yield a compound interest of 5044 in 9 months interest being compounded quarterly ?

20%

32%

50%

80%

Answer: 20%

Explanation:


2. A certain sum, invested at 4% per annum compound interest, compounded half early, amounts to 7,803 at the end of one year. The sum is ?

7,000

7,200

7,500

7,700

Answer: 7,500

Explanation:


3. 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:


4. A principal of 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to ?

12,000

12,320

12,500

11,320

Answer: 12,320

Explanation:


5. A man borrows 21000 at 10% compound interest. How much he has to pay annually at the end of each year, to settle his loan in two years ?

12000

12100

12200

12300

Answer: 12100

Explanation:


6. The compound interest on a certain sum of money for 2 years at 5% is 328, then the sum is ?

3000

3600

3200

3400

Answer: 3200

Explanation:


7. The sum of money which becomes 2420 at 10 % rate of compound interest after two years is ?

2000

1000

2500

1500

Answer: 2000

Explanation:


8. A certain sum will amount to 12,100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is ?

8000

6000

12000

10000

Answer: 10000

Explanation:


9. The compound interest on a sum of Rs. 5000 at 8% per annum for 9 months when interest is compound quarterly is ?

Rs. 300

Rs. 300.12

Rs. 306.04

Rs. 308

Answer: Rs. 306.04

Explanation:


10. The compound interest on Rs. 64,000 for 3 years, compounded annually at 7.5% p.a. is ?

Rs. 14,400

Rs. 15,705

Rs. 15,507

Rs. 15,075

Answer: Rs. 15,507

Explanation: