Simple Interest and Compound Interest
1. 13%
2. 10.25%
3. 15%
4. 11%
5. None of these
Answer 2
2. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:
1. Rs. 850
2. Rs. 790
3. Rs. 698
4. Rs. 800
5. Rs. 600
Answer 3
3. Sum of money becomes Rs. 13,380 after 3 years and Rs. 20,070 after 6 years on compound interest. The sum is:
1. Rs. 9200
2. Rs. 9000
3. Rs. 8920
4. Rs. 9040
5. Rs. 9500
Answer 3
4. A sum of Rs. 12,000 deposited at compound interest becomes double after 5 years. After 20 years, it will become:
1. Rs. 1,10,000
2. Rs. 1,30,000
3. Rs. 1,24,000
4. Rs. 1,92,000
5. Rs. 1,50,000
Answer 4
5. A sum of money placed at compound interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in:
1. 7 years
2. 12 years
3. 15 years
4. 30 years
5. 21 years
Answer 3
6. If a sum on compound interest becomes three times in 4 years, then with the same interest rate, the sum will become 27 times in:
1. 11 years
2. 12 years
3. 24 years
4. 38 years
5. 21 years
Answer 2
7. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
1. 7
2. 4
3. 5
4. 8
5. 7
Answer 2
8. A man borrows Rs. 2550 to be paid back with compound interest at the rate of 4% per annum by the end of 2 years in two equal yearly instalments. How much will each instalment be?
1. Rs.1275
2. Rs.1383
3. Rs.1352
4. Rs.1287
5. Rs.1250
Answer 3
9. What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
1. Rs.650
2. Rs.551.25
3. Rs.560
4. Rs.660.75
5. Rs.600
Answer 2
10. A man borrows Rs. 12,500 at 20% compound interest. At the end of every year he pays Rs. 2000 as part repayment. How much does he still owe after three such instalments?
1. Rs.14,000
2. Rs.13,684
3. Rs.15,600
4. Rs.14,320
5. None of these
Answer 5
0 comments:
Post a Comment