1. The compound interest on Rs. 4000 for 4 years at 10% per annum will be ?

Rs. 1856.40

Rs. 1600

Rs. 1856

Rs. 1756.60

Answer: Rs. 1856.40

Explanation:


2. If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is ?

Rs.1505

Rs.1535

Rs.1545

Rs.1550

Answer: Rs.1545

Explanation:


3. A sum of money amounts to Rs. 6655 at the rate of 10% compounded annually for 3 years. The sum of money is ?

Rs. 5000

Rs. 5500

Rs. 6000

Rs. 6100

Answer: Rs. 5000

Explanation:


4. The least number of years in which a sum of money on 19% p.a. compound interest will be more than double is ?

3 years

4 years

5 years

2 years

Answer: 4 years

Explanation:


5. What would be the compound interest of Rs. 25000 for 2 years at the rate of 5% per annum ?

Rs. 2500

Rs. 2562.5

Rs. 2425.25

Rs. 5512.5

Answer: Rs. 2562.5

Explanation:


6. The compound interest on a certain sum of money invested for 2 years at 5% per annum is 328. The simple interest on the sum, at the same rate and for the same period will be ?

320

308

300

287

Answer: 320

Explanation:


7. The compound interest on a certain sum of money at 5% per annum for 2 years is 246. The simple interest on the same sum for 3 years at 6% per annum is ?

435

450

430

432

Answer: 432

Explanation:


8. If the compound interest on a certain sum for two years at 12% per annum is 2,544, the simple interest on it at the same rate for 2 years will be ?

2,400

2,500

2,480

2,440

Answer: 2,400

Explanation:


9. A man borrowed some money from a private organisation at 5% simple interest per annum. He lended 50% of this money to another person at 10% compound interest per annum and thereby the man made a profit of Rs. 3,205 in 4 years. The man borrowed ?

Rs. 80,000

Rs. 1,00,000

Rs. 1,20,000

Rs. 1,50,000

Answer: Rs. 1,00,000

Explanation:


10. The simple interest on a certain sum of money for 2 years at 5% is Rs. 1600. The compound interest at the same rate after 3 years interest compound annually, is ?

Rs.2520

Rs.2522

Rs.2555

Rs.2535

Answer: Rs.2522

Explanation: