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Compound Interest MCQ Questions & Answers

Compound Interest MCQs : This section focuses on the "Compound Interest". These Multiple Choice Questions (MCQs) should be practiced to improve the Compound Interest skills required for various interviews (campus interview, walk-in interview, company interview), placement, entrance exam and other competitive examinations.




Question 1

Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually

A. 2109
B. 3109
C. 4109
D. 6109

View Answer

Question 2

Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit ?

A. Rs.8600
B. Rs.8830
C. Rs.8500
D. Rs.8820

View Answer

Question 3

Mr. Mike borrowed Rs. 8500 at 4% per annum C.I. The C.I. compounded annally for 2 years is :

A. Rs. 9139.6
B. Rs. 639.6
C. Rs. 9193.6
D. Rs. 693.6

View Answer

Question 4

There is 40% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 25000 after 3 years at the same rate?

A. Rs 6492.8
B. Rs 12985.6
C. Rs 16232
D. Rs 9739.2

View Answer

Question 5

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

A. 3.6
B. 6
C. 18
D. Cannot be determined

View Answer

Question 6

A bank offers 10% compound interest per half year. A customer deposits Rs. 2000 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

A. Rs 1240
B. Rs 310
C. Rs 155
D. Rs 620

View Answer

Question 7

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?I. The rate of interest is 5 p.c.p.a.II. Simple interest fetched on the same amount in one year is Rs. 600.III. The amount borrowed is 10 times the simple interest in 2 years.

A. .I only
B. III only
C. I or II
D. II and Either I or III only

View Answer

Question 8

Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

A. Rs.512
B. Rs.515
C. Rs.612
D. Rs.522

View Answer

Question 9

If the amount is Rs. 400 and Principal is Rs. 100 which is compounded half yearly for 1 year, calculate the rate of interest.

A. 10
B. 200
C. 2
D. 20

View Answer

Question 10

The difference between the compound interest and the simple interest accrued on an amount of Rs. 18,000 in 2 years was Rs. 405. What was the rate of interest p.c.p.a. ?

A. 12%
B. 13%
C. 14%
D. 15%

View Answer

Question 11

Find the compound interest on Rs. 2680 at 8% per annum for 2 years ?

A. Rs. 664.21
B. Rs. 548.68
C. Rs. 445.95
D. Rs. 692.57

View Answer

Question 12

Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly

A. 2422
B. 2522
C. 2622
D. 2722

View Answer

Question 13

If sum of Rs.1000 amount to Rs.1331 in 3 years, compounded annually. Then, find the rate of interest per annum?

A. 15%
B. 30%
C. 10%
D. 20%

View Answer

Question 14

A sum of Rs 4000 becomes Rs 6000 in 1 year at a certain rate of compound interest. What will be the sum (in Rs) after 4 years?

A. 16250
B. 12000
C. 20250
D. 19500

View Answer

Question 15

Rs. 5887 is divided between Shyam and Ram, such that Shyam's share at the end of 9 years is equal to Ram's share at the end of 11 years, compounded annually at the rate of 5%. Find the share of Shyam.

A. 3567
B. 3452
C. 3087
D. 3544

View Answer

Question 16

A certain amount of money at compound interest grows to Rs.66,550 in 3 years and Rs.73,205 in 4 years. The rate percent per annum is:

A. 9%
B. 5%
C. 11%
D. 10%

View Answer

Question 17

The difference between the simple interest on a certain sum at the rate of 10%per annum for 2 years and compound interest which is compounded every 6 months is Rs.124.05. what is the principal sum

A. Rs.6000
B. Rs.8000
C. Rs.12000
D. none of these

View Answer

Question 18

What is the difference between the compound interests on Rs. 5000 for 1 1/2  years at 4% per annum compounded yearly and half-yearly?

A. 2.04
B. 3.04
C. 4.04
D. 5.04

View Answer

Question 19

What is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465.

A. I only
B. II and III only
C. I or II only
D. I and Either II or III only

View Answer

Question 20

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

A. 625
B. 635
C. 645
D. 655

View Answer

Question 21

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 32448 and Rs 33745.92 respectively, what is the rate of interest?

A. 2 percent
B. 8 percent
C. 6 percent
D. 4 percent

View Answer

Question 22

A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third your at compound interest.

A. 1500
B. 1600
C. 1568
D. 1750

View Answer

Question 23

A bank offers 20% compound interest per half year. A customer deposits Rs 6000 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

A. Rs 7680
B. Rs 3840
C. Rs 1920
D. Rs 960

View Answer

Question 24

What will be the difference in compound interest on a sum of Rs.7,800 at 8% for 1 year, when the interest is paid yearly and half yearly?

A. ₹ 29.18
B. ₹ 12.48
C. ₹ 24.72
D. ₹ 19.46

View Answer

Question 25

What is the difference (in Rs) between the compound interest (compounded annually) and simple interest for 3 years on a principal of Rs 2500 at the rate of 30% per annum?

A. 742.5
B. 624.5
C. 714.5
D. 825.25

View Answer

Question 26

The difference between the compound interest and simple interest on an amount of Rs.15000 for two years is Rs.96. what is the rate of interest per annum

A. 8
B. 10
C. 12
D. 13

View Answer

Question 27

What is the difference (in Rs) between compound interest (compounded annually) and simple interest for 3 years on a principal of Rs 3000 at the annual rate of 20%?

A. 464
B. 384
C. 356
D. 424

View Answer

Question 28

What will be compounded amount?I. Rs. 200 was borrowed for 192 months at 6% compounded annually.II. Rs. 200 was borrowed for 16 years at 6%.

A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer

View Answer

Question 29

If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs) for the 4th year on the same amount at 9% rate of interest?

A. 1245.6
B. 1521.6
C. 1351.6
D. 1220.6

View Answer

Question 30

What is the least number of complete years in which a sum of money put out at 40% annual compound interest will be more than trebled?

A. 3
B. 4
C. 5
D. 6

View Answer

Question 31

The principal that amounts to Rs.4913 in 3 years at 413% per annum compound interest compounded annually is

A. Rs.3096
B. Rs.4076
C. Rs.4085
D. Rs.4096

View Answer

Question 32

At a certain rate of interest the compound interest of 3 years and simple interest of 5 years for certain sum of money is respectively Rs. 1513.2 and Rs. 2400. Find the common rate of interest per annum ?

A. 5%
B. 6%
C. 4%
D. 3%

View Answer

Question 33

If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?

A. 39158
B. 49158
C. 59158
D. 69158

View Answer

Question 34

Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

A. 146694.12
B. 13452
C. 18232
D. 15627

View Answer

Question 35

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 36000 after 2 years at the same rate?

A. Rs 6150
B. Rs 7687.5
C. Rs 3690
D. Rs 4612.5

View Answer

Question 36

In how many years will Rs 25,000 yield Rs 8,275 as compound interest at 10% per annum compounded annually?

A. 2
B. 4
C. 3
D. 5

View Answer

Question 37

Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.

A. Rs.2522
B. Rs.2422
C. Rs.3522
D. Rs.2322

View Answer

Question 38

$10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

A. 1710.29
B. 2710.29
C. 3710.29
D. 4710.29

View Answer

Question 39

What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?

A. 1.5
B. 0.5
C. 2.5
D. 3.5

View Answer

Question 40

Simple interest on a certain sum at 7% per annum for 4 years is Rs. 2415. What will be the compound interest on the same principal at 4% per annum in two years?

A. Rs. 704
B. Rs. 854
C. Rs. 893
D. Rs. 914

View Answer

Question 41

You deposit $300 in a savings account that pays 4% simple annual interest. Find your account balance after 9 months.

A. 309
B. 409
C. 609
D. 509

View Answer

Question 42

What is the Compound interest on Rs. 5000 in 3 years, if the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?

A. Rs. 435.21
B. Rs. 453.12
C. Rs. 436.12
D. Rs. 463.12

View Answer

Question 43

If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?

A. 16000
B. 15000
C. 17000
D. 18000

View Answer

Question 44

A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year

A. Rs.5624.32
B. Rs.5423
C. Rs.5634
D. Rs.5976

View Answer

Question 45

Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

A. 22681.19
B. 23456
C. 44577
D. 25685

View Answer

Question 46

Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years?

A. 1557.29
B. 2557.29
C. 2567
D. 2457

View Answer

Question 47

A loan is made for $4800 with an APR of 12% and payments made monthly for 24 months. What is the payment amount? What is the finance charge?

A. 622.8
B. 522.8
C. 322.8
D. 632.8

View Answer

Question 48

In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?

A. 2years
B. 3years
C. 4years
D. 5years

View Answer

Question 49

A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

A. Rs. 7000
B. Rs. 4500
C. Rs. 9000
D. Rs. 8200

View Answer

Question 50

An article costs Rs 50 presently. The rate of inflation is 300%. What will be cost of this article after two years?

A. Rs 200
B. Rs 600
C. Rs 800
D. Rs 1000

View Answer

Question 51

The difference between simple and compound interest compounded annually on a certain sum of money for 2 years at 4% per annum is re.1. the sum is

A. 625
B. 630
C. 640
D. 650

View Answer

Question 52

On a certain principal if the simple interest for two years is Rs 1400 and compound interest for the two years is Rs 1449, what is the rate of Interest?

A. 7 percent
B. 3.5 percent
C. 14 percent
D. 10 percent

View Answer

Question 53

In how many months will Rs 8,000 yield Rs 2,648 as compound interest at 20% per annum compounded semi-annually?

A. 18
B. 24
C. 12
D. 30

View Answer

Question 54

A five-year promissory note with a face value of $3500, bearing interest at 11%  compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note

A. 4336.93
B. 5336
C. 6336
D. 7336

View Answer

Question 55

Rs 1000 is being  charged at 50% per annum. what is the interest for 3rd year at compound interest?

A. 1122
B. 1025
C. 1125
D. 625

View Answer

Question 56

At what rate of compound interest per annum will a sum of Rs 50000 become Rs 73205 in 2 years?

A. 21 percent
B. 19 percent
C. 17 percent
D. 15 percent

View Answer

Question 57

A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?

A. 1206
B. 1306
C. 1406
D. 1506

View Answer

Question 58

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 900. What is the value of given sum (in Rs)?

A. 125000
B. 250000
C. 62500
D. 187500

View Answer

Question 59

If you deposit $8000 into an account paying 7% annual interest compounded quarterly, how long until there is $12400 in the account?

A. 2.3
B. 3.3
C. 4.3
D. 6.3

View Answer

Question 60

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest (in rupees) of Rs 30000 after 2 years at the same rate?

A. 6150
B. 7687.5
C. 4612.5
D. 3075

View Answer

Question 61

The compound interest earned in two years at 12% per annum is Rs 10176. What is the sum (in Rs) invested?

A. 50000
B. 60000
C. 40000
D. 80000

View Answer

Question 62

If compound interest received on a certain amount in the 3rd year is Rs. 12,100, what will be the compound interest (in Rs) for the 4th year on the same amount if rate of interest is 9%?

A. 17080
B. 15669
C. 13189
D. 14376

View Answer

Question 63

A sum of Rs. 2000 amounts to Rs. 4000 in two years at compound interest. In how many years does the same amount becomes Rs. 8000.

A. 2
B. 4
C. 6
D. 8

View Answer

Question 64

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 25088, and Rs 28098.56 respectively, what is the rate of interest?

A. 6 percent
B. 24 percent
C. 12 percent
D. 19 percent

View Answer

Question 65

Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

A. 75263.64
B. 76345
C. 76389
D. 56897

View Answer

Question 66

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 4.2

A. 1
B. 2
C. 3
D. 4

View Answer

Question 67

A loan of Rs. 305 was taken at a certain rate per annum of compound interest, for 3 years. After 3 years the amount repaid was Rs. 670, calculate the rate of compound interest.

A. 30%
B. 35%
C. 33%
D. 25%

View Answer

Question 68

At what rate of compound interest per annum will a sum of Rs 20000 become Rs 23328 in 2 years?

A. 8 percent
B. 16 percent
C. 24 percent
D. 12 percent

View Answer

Question 69

The minimum number of half years in which a sum of money kept at 60% compound interest will be quadrupled is ?

A. 2
B. 4
C. 3
D. 6

View Answer

Question 70

An amount of money was lent for 3 years. What will be the difference between the simple  and the compound interest earned on it at the same rate?I. The rate of interest was 8 p.c.p.a.II. The total amount of simple interest was Rs. 1200

A. I alone sufficient while II alone not sufficient to answer
B. alone sufficient while I alone not sufficient to answer
C. Both I and II are not sufficient to answer
D. Both I and II are necessary to answer

View Answer

Question 71

The compound interest on Rs. 8000 for 3 year at 10% p.a. is

A. 2648
B. 2145
C. 2587
D. 2784

View Answer

Question 72

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:2.1

A. 1
B. 2
C. 3
D. 4

View Answer

Question 73

The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs. 56. Then the sum is :

A. Rs. 3680
B. Rs. 2650
C. Rs. 1400
D. Rs. 1170

View Answer

Question 74

The sum for 2 years gives a compound interest of Rs 3225 at 15% rate. Then sum is

A. 10000
B. 20000
C. 15000
D. 32250

View Answer

Question 75

Calculate the periodic interest rate corresponding to:9.0% compounded quarterly

A. 3.45
B. 2.25
C. 5.25
D. 6.25

View Answer

Question 76

Calculate the effective interest rate of a 10% annual rate compounded continuously.

A. 9.52%
B. 10.52%
C. 11.52%
D. 12.52%

View Answer

Question 77

Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest ?

A. 20% p.a
B. 15% p.a
C. 18% p.a
D. 24% p.a

View Answer

Question 78

If the compound interest on a certain sum at 1623% to 3 years is Rs.1270, find the simple interest on the same sum at the same rate and f or the same period.

A. 1080
B. 1090
C. 1180
D. 1109

View Answer

Question 79

The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is

A. Rs.2.50
B. Rs.3
C. Rs.4
D. Rs.4.50

View Answer

Question 80

A certain sum when invested at 5% interest compounded annually for 3 years yields an interest of Rs.2522. Find the Principal?

A. Rs. 12,522
B. Rs. 15,200
C. Rs. 16,000
D. Rs. 17,200

View Answer

Question 81

Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest

A. 3years
B. 5years
C. 6years
D. 7years

View Answer

Question 82

On a certain principal, simple interest amounts to Rs. 2,000 in two years at the rate of 10% p.a. What will be the difference in the amount of interest if the same is compounded on annual basis?

A. Rs.200
B. Rs.220
C. Rs.100
D. Rs.120

View Answer

Question 83

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

A. 3
B. 4
C. 5
D. 6

View Answer

Question 84

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 percent per annum is:

A. Rs. 400
B. Rs. 500
C. Rs. 600
D. Rs. 800

View Answer

Question 85

What would be the least number of years in which the simple interest on Rs.2600 at % will be an exact number of rupees ?

A. 2
B. 3
C. 4
D. 5

View Answer

Question 86

The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs 1,19,790. What was the principal?

A. 90000
B. 1,00,000
C. 80000
D. 75000

View Answer

Question 87

What is the interest rate per annum, if a sum of money invested at compound interest amount to Rs. 2400 in 3 years and in 4 years to Rs. 2,520?

A. 3.5%
B. 4%
C. 5%
D. 6.5%

View Answer

Question 88

A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is

A. 10000
B. 20000
C. 40000
D. 50000

View Answer

Question 89

Calculate the compound interest at the rate of 6% per annum for 2 years on the principle which in 2 years at the rate of 2% per annum gives Rs. 8000 as simple interest.

A. 50000
B. 49440
C. 59440
D. 49000

View Answer

Question 90

At 3% annual interest compounded monthly, how long will it take to double your money?

A. 20.1
B. 21.1
C. 22.1
D. 23.1

View Answer

Question 91

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

A. Rs.2592
B. Rs.2492
C. Rs.2352
D. Rs.2352

View Answer

Question 92

Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if rate of interest is charged half yearly.

A. Rs. 10041
B. Rs. 14641
C. Rs. 12000
D. Rs. 13660

View Answer

Question 93

Determine the nominal rate of interest if:The periodic rate is 1.75% per quarter.

A. 7%
B. 8%
C. 9%
D. 10%

View Answer

Question 94

Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously

A. 5.65%
B. 5.75%
C. 5.85%
D. 5.95%

View Answer

Question 95

In how many years will Rs 2,000 yield Rs 662 as compound interest at 10% per annum compounded annually?

A. 3
B. 2
C. 4
D. 5

View Answer

Question 96

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

A. 8
B. 10
C. 12
D. Can not say

View Answer

Question 97

The difference between the compound interest (compounding annually) and simple interest on a sum at the rate of 12% per annum for 2 years is Rs 360. What is the sum (in Rs)?

A. 27000
B. 32000
C. 30000
D. 25000

View Answer

Question 98

Calculate the compound interest on Rs. 4000 for 2 years at 20% per annum when compounded annually.

A. 1856.4
B. 1756.4
C. 1846.4
D. 1746.4

View Answer

Question 99

For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.

A. 10
B. 11
C. 12
D. 13

View Answer

Question 100

A bank offers 10% compound interest per half year. A customer deposits Rs. 5200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have profit by way of interest is:

A. Rs 3224
B. Rs 1612
C. Rs 806
D. Rs 403

View Answer

Question 101

Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?

A. Rs. 2000
B. Rs. 2100
C. Rs. 1900
D. Rs. 2150

View Answer

Question 102

An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded annually

A. 7346.64
B. 8346
C. 3456
D. 4567

View Answer

Question 103

A bank offers 20% compound interest calculated on half year basis. A customer deposits Rs 9200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

A. Rs 11776
B. Rs 2944
C. Rs 1472
D. Rs 5888

View Answer

Question 104

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.

A. I only
B. II and III only
C. I or II only
D. II and Either I or III only

View Answer

Question 105

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time

A. Rs.51.25
B. Rs.61.25
C. Rs.51
D. Rs.42

View Answer

Question 106

A bank offers 15% compound interest per half year. A customer deposits Rs 2400 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is

A. Rs 2268
B. Rs 1134
C. Rs 567
D. Rs 283

View Answer

Question 107

A bank offers 5% compound interest per half year. A customer deposits Rs 4800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest?

A. Rs 732
B. Rs 1464
C. Rs 366
D. Rs 183

View Answer

Question 108

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

A. Rs.1251
B. Rs.1261
C. Rs.1271
D. Rs,1281

View Answer

Question 109

A chartered bank offers a five-year Escalator Guaranteed Investment Certificate.In successive years it pays annual interest rates of 4%, 4.5%, 5%, 5.5%, and 6%, respectively, compounded at the end of each year. The bank also offers regular five-year GICs paying a fixed rate of 5% compounded annually. Calculate and compare the maturity values of $1000 invested in each type of GIC. (Note that 5% is the average of the five successive one-year rates paid on the Escalator GIC.)

A. 1276.28
B. 1234
C. 1278
D. 1256

View Answer

Question 110

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 1155. The simple interest on the same sum for double the time at half the rate percent per annum is ?

A. Rs. 1100
B. Rs. 5500
C. Rs. 1400
D. Rs. 4120

View Answer

Question 111

The amount received at 10% per annum Compound interest after 3 yrs is Rs 5324. What was the principal (in Rs)?

A. 4100
B. 4200
C. 4000
D. 4300

View Answer

Question 112

How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?

A. 9007
B. 4007
C. 7007.08
D. 8oo7

View Answer

Question 113

Find the time to double your investment at 6%

A. 10years
B. 11years
C. 12years
D. 13years

View Answer

Question 114

What is the compound interest earned on Rs 80,000 at 40% per annum in 1 year compounded quarterly?

A. 28317
B. 37128
C. 18732
D. 21387

View Answer

Question 115

A bank offers 15% compound interest per half year. A customer deposits Rs 8800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is _____.

A. Rs 8315
B. Rs 2079
C. Rs 4158
D. Rs 1039

View Answer

Question 116

What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.

A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer

View Answer

Question 117

What annual payment will discharge a debt of Rs.7620 due in 3years at1623 % per annum interest?

A. 5430
B. 4430
C. 3430
D. 2430

View Answer

Question 118

If the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both case be 10%

A. Rs. 5500
B. Rs.7200
C. Rs.6500
D. Rs.6000

View Answer

Question 119

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

A. 2500
B. 2562.5
C. 2425.25
D. 5512.5

View Answer

Question 120

What is the difference (in Rs) between the compound interests on Rs. 4000 for 1 year at 12% per annum compounded yearly and half-yearly?

A. 14.4
B. 12.4
C. 10.4
D. 16.4

View Answer

Question 121

In what time(in years) will Rs. 8000 amount to Rs. 9261 at 5% per annum, compounded annually?

A. 3
B. 3.5
C. 4
D. 4.5

View Answer

Question 122

What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.

A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are not sufficient to answer

View Answer

Question 123

A sum of money amounts to Rs.6690 after 3 years and to Rs.10,035 after 6 years on compound interest.find the sum.

A. 4360
B. 4460
C. 4560
D. 4660

View Answer

Question 124

Calculate the future value of $3,000 invested at 7% for 5 years

A. 4207.66
B. 5207
C. 4376
D. 5687

View Answer

Question 125

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 29160, and Rs 31492.8 respectively, what is the rate of interest?

A. 4 percent
B. 8 percent
C. 16 percent
D. 13 percent

View Answer

Question 126

Find the finance charge for an average daily balance of $8431.10 with monthly interest rate of 1.4%

A. 98.04
B. 88.04
C. 68.04
D. 118.04

View Answer

Question 127

A bank offers 10% compound interest per half year. A customer deposits Rs. 3600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is.

A. Rs 1116
B. Rs 2232
C. Rs 558
D. Rs 279

View Answer

Question 128

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:

A. Rs. 2.50
B. Rs. 3
C. Rs. 3.75
D. Rs. 4

View Answer

Question 129

Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?

A. Rs.2543
B. Rs.2534
C. Rs.2546
D. Rs.2750

View Answer

Question 130

A sum is being lent at 20 % per annum compound interest.what is the ratio of increase in amount of 4th year to 5th year?

A. 4:5
B. 5:4
C. 5:6
D. can't be determined

View Answer

Question 131

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned  ?

A. Rs. 11828.80
B. Rs. 19828.80
C. Rs. 9828.80
D. Rs. 19328.80

View Answer

Question 132

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A. 8695
B. 7695
C. 3695
D. 4695

View Answer

Question 133

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

A. Rs.1550
B. Rs.1650
C. Rs,1750
D. Rs.1850

View Answer

Question 134

The compound interest on a certain sum at 16 2/3% p.a. for 3 years is Rs.6,350. What will be the simple interest on the same sum at the same rate for 5 2/3 years?

A. ₹10,200
B. ₹11,400
C. ₹7,620
D. ₹9,600

View Answer

Question 135

Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly.

A. 524.32
B. 624.32
C. 724.32
D. 824.32

View Answer

Question 136

If Rs. 2,000 is invested at the rate of 20% per annum, compounded half-yearly, then the amount after 18 months will be:

A. Rs.2628
B. Rs.2662
C. Rs.2600
D. Rs.3200

View Answer

Question 137

What is the SI on Rs.2500/- at the rate of 12% per annum for 8 years?

A. 2200
B. 2300
C. 2400
D. 2500

View Answer

Question 138

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate

A. Rs.4972
B. Rs.3972
C. Rs.5972
D. Rs.2972

View Answer

Question 139

Josh borrowed $250 from his mother to buy an electric scooter. Josh will pay her back in 1 year with 3% simple annual interest. How much interest will Josh pay?

A. 7.5
B. 8.5
C. 9.5
D. 10.5

View Answer

Question 140

If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account?

A. 6.9
B. 7.9
C. 8.9
D. 9.9

View Answer

Question 141

15 semiannual payments are made into a sinking fund at 7% compounded semiannually so that $4850 will be present. Find the amount of each payment rounded to the nearest cent

A. 251.35
B. 245.45
C. 235.87
D. 251

View Answer

Question 142

If the compound interest for the 3rd and 4th year on a certain principal is Rs 125 and Rs 135 respectively, what is the rate of interest (in %)?

A. 9
B. 10
C. 8
D. 12

View Answer

Question 143

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 33708, and Rs 35730.48 respectively, what is the rate of interest?

A. 6 percent
B. 3 percent
C. 12 percent
D. 10 percent

View Answer

Question 144

The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is

A. Rs. 1331
B. Rs. 331
C. Rs. 300
D. Rs. 1300

View Answer

Question 145

A and B together borrowed a sum of Rs.51,750 at an interest rate of 7% p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum (in Rs) borrowed by B was:

A. 25650
B. 26750
C. 25000
D. 24860

View Answer

Question 146

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 28090, and Rs 29775.4 respectively, what is the rate of interest?

A. 6 percent
B. 3 percent
C. 12 percent
D. 10 percent

View Answer

Question 147

A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more if interest is compounded half-yearly. The sum

A. Rs.15,000
B. Rs.30,000
C. Rs.20,000
D. Rs.7,500

View Answer

Question 148

The maturity value of a certain sum after two years at 20% p.a. interest compounded annually is Rs. 14,400/-. Find the Principal amount.

A. Rs.9000
B. Rs.9500
C. Rs.10,000
D. Rs.10,500

View Answer

Question 149

Calculate the periodic interest rate corresponding to 9.5% compounded monthly

A. 0.7916
B. 0.8916
C. 0.9916
D. 0.6916

View Answer

Question 150

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

A. 625
B. 630
C. 640
D. 650

View Answer

Question 151

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

A. 6.06%
B. 6.07%
C. 6.08%
D. 6.09%

View Answer

Question 152

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 18% per annum is Rs 81. The sum is ____.

A. Rs 2500
B. Rs 5000
C. Rs 10000
D. Rs 7500

View Answer

Question 153

If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ?

A. 3387.42
B. 4387.42
C. 5387.42
D. 6387.42

View Answer

Question 154

If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

A. 1261
B. 1271
C. 1281
D. 1291

View Answer

Question 155

On a sum of money, the simple interest for 2 years is Rs. 660,while the compound interest is Rs.696.30,the rate of interest being the same in both the cases. The rate of interest is

A. 10%
B. 11%
C. 12%
D. 13%

View Answer

Question 156

Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?

A. 6.5%
B. 6%
C. 5%
D. 4.5%

View Answer

Question 157

Find the annual interest rate that produces $100,000 from $20,000 in 15 years.

A. 9.33%
B. 10.33%
C. 11.33%
D. 12.33%

View Answer

Question 158

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A. 2
B. 3
C. 4
D. 5

View Answer

Question 159

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 percent per annum is

A. Rs.4000
B. Rs.500
C. Rs.600
D. Rs.800

View Answer

Question 160

What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

A. Rs. 9000.30
B. Rs. 9720
C. Rs. 10123.20
D. Rs. 10483.20

View Answer

Question 161

What is the rate of interest p.c.p.a.? I. An amount doubles itself in 5 years on simple interest. II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400. III. Simple interest earned per annum is Rs. 2000.

A. I only
B. II and III only
C. All I, II and III
D. I only or II and III only

View Answer

Question 162

The population of a town was 3600 three years back. It is 4800 right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually?

A. Rs.600
B. Rs,6400
C. Rs.6500
D. Rs.6600

View Answer

Question 163

At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

A. 6%
B. 6.5%
C. 7%
D. 7.5%

View Answer

Question 164

Mr. Ibrahim borrowed Rs. 7500 at 5% per annum compound interest. The compound interest compounded annually for 2 years is

A. 768.75
B. 8268.75
C. 8286.75
D. 786.75

View Answer

Question 165

What is the difference between the compound interests on Rs. 5000 for 11⁄2 years at 4% per annum compounded yearly and half-yearly?

A. Rs. 1.80
B. Rs. 2.04
C. Rs. 3.18
D. Rs. 4.15

View Answer

Question 166

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

A. Rs.1505
B. Rs.1535
C. Rs.1545
D. Rs.1550

View Answer

Question 167

What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II. The compound interest and the simple interest earned in one year is the same. III. The amount becomed more than double on compound interest in 10 years.

A. I only
B. II and III only
C. All I, II and III
D. I only or II and III only

View Answer

Question 168

At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years?

A. 11
B. 10
C. 9
D. 12

View Answer

Question 169

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is

A. Rs.2
B. Rs.3
C. Rs.4
D. Rs.5

View Answer

Question 170

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?

A. 7.5%
B. 7%
C. 6%
D. 6.5%

View Answer

Question 171

In what time will Rs. 1000 become Rs. 1331 at 10% per annum compounded annually?

A. 1years
B. 2years
C. 3years
D. 4years

View Answer

Question 172

A bank offers 20% compound interest per half year. A customer deposits Rs 2800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is ______.

A. Rs 3584
B. Rs 896
C. Rs 1792
D. Rs 448

View Answer

Question 173

Calculate the effective interest rate compounded quarterly of a 13% annual rate.

A. 13.65%
B. 14.665%
C. 15.65%
D. 16.65%

View Answer

Question 174

Find the compound interest on Rs. 62500 at 21% per annum for 1.5 years.

A. Rs. 20695
B. Rs. 19687.5
C. Rs. 20687.5
D. Rs. 21638.5

View Answer

Question 175

Rs. 10000, invested at 30% rate of interest per annum. but compounded every four months, will give an amount of Rs ...... in one year.

A. 13270
B. 13000
C. 13300
D. 13310

View Answer

Question 176

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A. 19296
B. 19396
C. 19496
D. 19596

View Answer

Question 177

What is the rate of compound interest?I. The principal was invested for 4 years.II. The earned interest was Rs. 1491.

A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Either I or II alone sufficient to answer

View Answer

Question 178

If the amount on a certain principal in 3 years at 12% rate of interest compounded annually is Rs 12,000, what will be the amount (in Rs) after the 4th year?

A. 14330
B. 15440
C. 13440
D. 14550

View Answer

Question 179

Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly.

A. Rs. 676
B. Rs. 776
C. Rs. 1778
D. Rs. 2028

View Answer

Question 180

The compound interest on a sum of money for 2 years is rs.832 and the simple interest on the same sum for the same period is rs.800 .the difference between the compound interest and simple interest for 3 years

A. Rs.48
B. Rs.66.56
C. Rs.98.56
D. None of these

View Answer

Question 181

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is:0.7

A. 9
B. 10
C. 11
D. 12

View Answer

Question 182

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:

A. Rs. 1550
B. Rs. 1650
C. Rs. 1750
D. Rs. 2000

View Answer

Question 183

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

A. Rs. 2160
B. Rs. 3120
C. Rs. 3972
D. Rs. 6240

View Answer

Question 184

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

A. Rs. 120
B. Rs. 121
C. Rs. 122
D. Rs. 123

View Answer

Question 185

What will be the compound interest on a sum of Rs.25,000 after 3 years at the rate of 12 p.c.p.a?

A. Rs.10123.20
B. Rs.12100
C. Rs.12552
D. Rs.12665

View Answer

Question 186

The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)?

A. 64000
B. 60000
C. 56000
D. 52000

View Answer

Question 187

For a nominal interest rate of 8.4%, what is the compounding frequency if the periodic interest rate is 8.4

A. 1
B. 2
C. 3
D. 4

View Answer

Question 188

A certain sum is invested for 2 years in scheme M at 20% p.a. compound interest (compounded annually), Same sum is also invested for the same period in scheme N at k% p.a. simple interest. The interest earned from scheme M is twice of that earned from scheme N. What is the value of k?

A. 7
B. 11
C. 9
D. 13

View Answer

Question 189

Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

A. 17296
B. 13296
C. 19296
D. 15296

View Answer

Question 190

Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?

A. Rs. 8600
B. Rs. 8620
C. Rs. 8820
D. None of these

View Answer

Question 191

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A. 3years
B. 2years
C. 4years
D. 6years

View Answer

Question 192

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 5% per annum is Rs 45. The sum is

A. Rs 36000
B. Rs 72000
C. Rs 18000
D. Rs 54000

View Answer

Question 193

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

A. Rs. 51.25
B. Rs. 52
C. Rs. 54.25
D. Rs. 60

View Answer

Question 194

If the interest is compounded half-yearly, then what will be the compound interest (in Rs) on a sum of Rs 10000 for 1 year at the rate of 10% per annum?

A. 1250
B. 525
C. 1000
D. 1025

View Answer

Question 195

The difference between compound interest and simple interest on a sum for two years at 8% per annum, where the interest is compounded annually is Rs.16. if the interest were compounded half yearly , the difference in two interests would be nearly

A. Rs.24.64
B. Rs.21.85
C. Rs.16
D. Rs.16.80

View Answer

Question 196

The periodic interest rate corresponding to: 9.75% compounded semiannually

A. 4.875
B. 3.785
C. 4.865
D. 4.975

View Answer

Question 197

The compound interest earned in two years at 8% per annum is Rs 4160. What is the sum (in Rs) invested?

A. 24000
B. 25000
C. 30000
D. 20000

View Answer

Question 198

Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit

A. Rs.8820
B. Rs.8620
C. Rs.8520
D. Rs.8320

View Answer

Question 199

The compound interest on Rs. 24000 at 10% per annum for 11⁄2 years, interest being compounded semi­annually is

A. Rs.3783
B. Rs.3777
C. Rs.3780
D. Rs.3781

View Answer

Question 200

Mr. and Mrs. Espedido’s property taxes, amounting to $2450, are due on July 1.What amount should the city accept if the taxes are paid eight months in advance and the city can earn 6% compounded monthly on surplus funds?

A. 2354.17
B. 2354
C. 2376
D. 2389

View Answer

Question 201

Find the Compound Interest on Rs. 1000 for two years at 2% per annum.

A. 20
B. 20.5
C. 20.4
D. 20.6

View Answer

Question 202

Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half yearly.

A. 14600
B. 12500
C. 14642
D. 14641

View Answer

Question 203

A woman invests Rs. 2000 at the start of each year at 5% C.I. per annum. How much will her investments be at the end of the 2nd year?

A. Rs. 4305
B. Rs. 430
C. Rs. 4355
D. Rs. 4350

View Answer

Question 204

The population of a rural region is expected to fall by 2% per year for the next 10 years. If the region’s current population is 100,000, what is the expected population 10 years from now?

A. 81707
B. 91707
C. 61707
D. 71707

View Answer

Question 205

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

A. Rs.51.25
B. Rs.52
C. Rs.53
D. Rs.54

View Answer

Question 206

Compound interest on a certain sum of money at 20% per annum for 2 years is Rs.5995. What is the SI on the same money at 8% per annum for 6 years ?

A. Rs. 5989
B. Rs. 6540
C. Rs. 7844
D. Rs. 6789

View Answer

Question 207

Find the compound interest to the nearest rupee on Rs.7500 for 2 years 4 months at 12% p.a. reckoned manually?

A. 2284
B. 2176
C. 2097
D. 2235

View Answer

Question 208

What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

A. 8000
B. 8650
C. 8750
D. 8800

View Answer

Question 209

What is the difference between the compound interests on Rs. 5000 for 1.5 years at 4% per annum compounded yearly and half-yearly?

A. Rs. 2.04
B. Rs. 3.06
C. Rs. 4.80
D. Rs. 8.30

View Answer

Question 210

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 16854, and Rs 17865.24 respectively, what is the rate of interest?

A. 3 percent
B. 12 percent
C. 6 percent
D. 10 percent

View Answer

Question 211

Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

A. 1126.19
B. 1237
C. 2863
D. 1892

View Answer

Question 212

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

A. 2
B. 2.5
C. 3
D. 4

View Answer

Question 213

A farmer gets a loan of Rs. 100000 against his fixed deposits. If the rate of interest is 1.5 paise per rupee per annum, calculate the compound interest payable after 2 years.

A. 22250
B. 42250
C. 52250
D. 32250

View Answer

Question 214

A loan is made for $3500 with an interest rate of 9% and payments made annually for 4 years. What is the payment amount?

A. 8906
B. 1089
C. 1070
D. 1080.34

View Answer

Question 215

An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200.

A. I alone sufficient while II alone not sufficient to answer
B. II alone sufficient while I alone not sufficient to answer
C. Either I or II alone sufficient to answer
D. Both I and II are necessary to answer

View Answer

Question 216

If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?

A. 1452
B. 1320
C. 1552
D. 1420

View Answer

Question 217

Calculate the simple interest if the principal amount is 50000 and the rate is 2% for 4 years.

A. 4000
B. 400
C. 40000
D. 40

View Answer

Question 218

Jackie deposits $325 in an account that pays 4.1% interest compounded annually. How much money will Jackie have in her account after 3 years?

A. 346.64
B. 356.64
C. 366.64
D. 376.64

View Answer

Question 219

The present worth of Rs.169 due in 2 years at 4% per annum compound interest is

A. Rs.156.25
B. Rs.150
C. Rs.140
D. Rs125.25

View Answer

Question 220

A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

A. 6%
B. 4%
C. 5%
D. 7%

View Answer

Question 221

If the amount received at the end of 2nd and 3rd year at compound Interest on a certain Principal is Rs 9,600 and Rs 10,272 respectively, what is the rate of interest (in %)?

A. 7
B. 8
C. 6
D. 5

View Answer

Question 222

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

A. Rs. 1856.40
B. Rs. 1600
C. Rs. 1856
D. Rs. 1756.60

View Answer

Question 223

At what rate of compound interest per annum will a sum of Rs 20000 become Rs 25088 in 2 years?

A. 24 percent
B. 8 percent
C. 12 percent
D. 16 percent

View Answer

Question 224

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is

A. 6.06%
B. 6.07%
C. 6.08%
D. 6.09%

View Answer

Question 225

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

A. 8
B. 10
C. 12
D. 14

View Answer

Question 226

The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is  ?

A. 3 years
B. 4 years
C. 2.5 years
D. 2 years

View Answer

Question 227

Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.

A. 612
B. 712
C. 812
D. 912

View Answer

Question 228

If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 2100, and Rs 2268 respectively, what is the rate (in %) of interest?

A. 7
B. 8
C. 9
D. 10

View Answer

Question 229

In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly ?

A. Quarter months
B. Half year
C. 2 years
D. 1 year

View Answer

Question 230

What is the difference between the maturity values, if Rs. 12500 is invested for 2 years at 20% per annum simple interest and compound interest?

A. Rs. 750
B. Rs. 650
C. Rs. 550
D. Rs. 500

View Answer

Question 231

The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years?

A. 8560
B. 8673
C. 8746
D. 8780.8

View Answer

Question 232

The difference between the compound interest and simple interest on a certain sum at 10% per annum for 2 years is Rs. 631. Find the sum.

A. 60100
B. 61100
C. 62100
D. 63100

View Answer

Question 233

Divide Rs. 1301 between A and B, so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compounded at 4% per annum.

A. Rs.625
B. Rs.626
C. Rs.286
D. Rs.627

View Answer

Question 234

Mr. Devesh borrowed Rs.4,500 at 4% per annum compound interest. The compound interest compounded annually for 2years is

A. Rs. 367.2
B. Rs. 4867.2
C. Rs. 4876.2
D. Rs.376.2

View Answer

Question 235

At what rate of compound interest per annum will a sum of Rs 10000 become Rs 12321 in 2 years?

A. 22 percent
B. 11 percent
C. 7 percent
D. 15 percent

View Answer

Question 236

The effective annual rate of interest corresponding to nominal rate of 6% per annum payable half yearly is

A. 5%
B. 6%
C. 7%
D. 6.09%

View Answer

Question 237

Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?

A. Rs. 1911
B. Rs. 1909
C. Rs. 1901
D. Rs. 1907

View Answer

Question 238

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

A. 10%
B. 9%
C. 8%
D. 6%

View Answer

Question 239

Compute the compound interest on Rs. 16000 for 2 years 10% per annum when compounded half yearly.

A. 18600
B. 17640
C. 18640
D. 17600

View Answer

Question 240

A sum becomes 1.69 times of itself in 2 years when invested at compound interest. What is the per annum rate of interest (in percentage)?

A. 38
B. 34.5
C. 13
D. 30

View Answer

Question 241

Kramer borrowed $4000 from George at an interest rate of 7% compounded semiannually. The loan is to be repaid by three payments. The first payment, $1000, is due two years after the date of the loan. The second and third payments are due three and five years, respectively, after the initial loan. Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment.

A. 1389
B. 1359
C. 1379
D. 1339.33

View Answer

Question 242

A bank offers 5% compound interest per half year. A customer deposits Rs. 3200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

A. Rs 976
B. Rs 244
C. Rs 488
D. Rs 122

View Answer

Question 243

If the difference between the compound interest and the simple interest on a certain sum at the rate of 5% per annum for 2 years is Rs. 20, then the sum is

A. Rs. 2000
B. Rs. 4000
C. Rs. 6000
D. Rs. 8000

View Answer

Question 244

Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?

A. Rs. 3845
B. Rs. 4826
C. Rs. 5142
D. Rs. 4415

View Answer

Question 245

The amount received at 10% per annum compound interest after 3 yrs is Rs 10,648. What was the principal (in Rs)?

A. 8000
B. 9000
C. 8500
D. 7500

View Answer

Question 246

Find the amount on Rs. 5000 at the rate of 20% per annum for 18 months when interest is compounded half yearly.

A. 6644
B. 6666
C. 6000
D. 6655

View Answer

Question 247

Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit  ?

A. Rs. 8840
B. Rs. 8800
C. Rs. 8810
D. None

View Answer

Question 248

Give an investment of $13200,compound amount of $22680.06 invested for 8 years,what is the interest rate if interest rate is compounded anually?

A. 6%
B. 5%
C. 7%
D. 8%

View Answer

Question 249

Evaluate the compound interest on Rs. 10101 for 3 years at the rate of 9% per annum compounded annually.

A. 2980
B. 30000
C. 10101
D. 33333

View Answer

Question 250

What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?

A. Rs. 69,120
B. Rs. 21,120
C. Rs. 76,800
D. Rs. 72,000

View Answer

Question 251

In 3 years Rs 3000 amounts to Rs 3993 at x% compound interest, compounded annually. The value of x is

A. 10
B. 8
C. 5
D. 3 1/3

View Answer

Question 252

What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 25,000 at 20% per annum compounded semi-annually and annually?

A. 125
B. 250
C. 500
D. 375

View Answer

Question 253

What is the rate of interest (in %) if simple interest earned on a certain sum for the 3rd year is Rs 2,000 and compound interest earned in 2 years is Rs 4,160?

A. 8
B. 10
C. 12
D. 6

View Answer

Question 254

What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

A. 11572.71
B. 11876
C. 189756
D. 11576

View Answer

Question 255

The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money?

A. Rs.7200
B. Rs.9600
C. Rs.16400
D. Rs.8400

View Answer

Question 256

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 24200, and Rs 26620 respectively, what is the rate of interest?

A. 10 percent
B. 5 percent
C. 20 percent
D. 16 percent

View Answer

Question 257

The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is:

A. 30000
B. 30300
C. 3000
D. 3030

View Answer

Question 258

Simon deposits $400 in an account that pays 3% interest compounded annually. What is the balance of Simon’s account at the end of 2 years?

A. 424.36
B. 524.56
C. 545.36
D. 456.36

View Answer

Question 259

Other things being equal, would an investor prefer an interest rate of 10.5% compounded monthly or 11% compounded annually for a two-year investment?

A. 1232
B. 1243
C. 1254
D. 1262

View Answer

Question 260

A bank offers 15% compound interest per half year. A customer deposits Rs 7200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by means of interest is

A. Rs 6803
B. Rs 850
C. Rs 3402
D. Rs 1701

View Answer

Question 261

If an investment can earn 4% compounded monthly, what amount must you invest now in order to accumulate $10,000 after 3 years?

A. 8695.61
B. 6786
C. 3478
D. 4092

View Answer

Question 262

If the amount received at the end of 2nd and 3rd year at compound interest on a certain Principal is Rs 30250, and Rs 33275 respectively, what is the rate of interest?

A. 10 percent
B. 5 percent
C. 20 percent
D. 16 percent

View Answer

Question 263

What is the difference between the compound interests on Rs. 5000 for 112 years at 4% per annum compounded yearly and half-yearly?

A. Rs.3.06
B. Rs.2.04
C. Rs.3.65
D. Rs.5.40

View Answer

Question 264

The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is

A. 2 years
B. 2.5 years
C. 3 years
D. 4 years

View Answer

Question 265

Vidhya lent Rs. 5000 to Kavya for 3 years at the rate of 5% per annum compound interest. Calculate the amount that Vidhya will get after 3 years.

A. 5789
B. 5788.12
C. 5788.13
D. 5788

View Answer

Question 266

If you deposit $6500 into an account paying 8% annual interest compounded monthly, howmuch money will be in the account after 7 years?

A. 11358.24
B. 12334
C. 15789
D. 12386

View Answer

Question 267

Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?

A. 1548
B. 1348
C. 1648
D. 1748

View Answer

Question 268

What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?

A. 29.38
B. 39.38
C. 49.38
D. 59.38

View Answer

Question 269

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is

A. 2years
B. 3years
C. 4years
D. 5years

View Answer

Question 270

On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, what is the rate of Interest?

A. 14 percent
B. 7 percent
C. 28 percent
D. 21 percent

View Answer

Question 271

There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate ?

A. Rs. 5422
B. Rs. 5489
C. Rs. 3972
D. Rs. 6145

View Answer

Question 272

A man borrowed some money and agreed to pay-off by paying Rs 3150 at the end of the 1st year and Rs 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is

A. Rs 5000
B. Rs 6500
C. Rs 7000
D. Rs 9200

View Answer

Question 273

Gitesh took a loan for 4 years at 5% Compound Interest. If the total interest paid was Rs. 431.01, Calculate the principal.

A. Rs. 2000
B. Rs. 2050
C. Rs. 2100
D. Rs. 2150

View Answer

Question 274

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is

A. Rs.1650
B. Rs.1550
C. Rs.1750
D. Rs.1850

View Answer

Question 275

Rs 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is

A. 125000
B. 135200
C. 152000
D. 108200

View Answer