1. What would be the compound interest accrued on an amount of 3000 at the rate of 15 p.cp.a. in 3 years?
A. 4051
B. 4167
C. 4283
D. 4325
Correct Answer : B
2. What would be the compound interest accrued on an amount of 8400 @ 12.5 p.c.p.a. at the end of 3 years?
A. 2584.16
B. 3560.16
C. 3820.14
D. 4205.62
Correct Answer : B
3. The compound interest on 2800 for 18 months at 10% p.a. is
A. 420
B. 434
C. 436.75
D. 441.35
Correct Answer : B
4. The compound interest on 20,480 at 6.25 % per annum for 2 years 73 days, is
A. 2929
B. 3000
C. 3131
D. 3636
Correct Answer : A
5. A man saves 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years ?
A. 565.25
B. 635
C. 662.02
D. 666.5
Correct Answer : C
6. 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 10000 for 3 years will be
A. 1575.2
B. 1600
C. 1625.8
D. 2000
Correct Answer : A
7. What will be the compound interest accrued on an amount of 10000 @ 20 p.c.p.a. in 2 years if the interest is compounded half-yearly?
A. 4400
B. 4600
C. 4641
D. 4680
Correct Answer : C
8. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits 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. 120
B. 121
C. 122
D. 123
Correct Answer : B
9. What is the difference between the compound interests on 5000 for 1.5 years at 4% per annum compounded yearly and half-yearly?
A. 2.04
B. 3.06
C. 4.8
D. 8.3
Correct Answer : A
10. Mr Duggal invested 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded halfyearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 years?
A. 8040
B. 8800
C. 9040
D. 9800
Correct Answer : C
11. Find the compound interest on 15625 for 9 months at 16% per annum compounded quarterly.
A. 1851
B. 1941
C. 1951
D. 1961
Correct Answer : C
12. A man gets a simple interest of 1000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate?
A. 1000
B. 1005
C. 10125
D. 11025
Correct Answer : E
13. The simple interest accrued on an amount of 20000 at the end of 3 years is 7200. What would be the compound interest accrued on the same amount at the same rate in the same period?
A. 8098.56
B. 8112.86
C. 8246.16
D. 8342.36
Correct Answer : A
14. The difference between simple interest and compound interest on P at R% p.a. in 2 years is
A. PR/100
B. 2PR/100
C. PR²/100
D. PR²/10000
Correct Answer : D
15. What will be the difference between the simple interest and compound interest accrued on an amount of 19200 at the end of 3 years @12 p.c.p.a.?
A. 722.6826
B. 798.1824
C. 802.5144
D. 862.6176
Correct Answer : D
16. What will be the difference between S.I.and C.I. on a sum of 15000 for 2 years at the same rate of interest of 12.5% per annum?
A. 230.55
B. 234.375
C. 250.129
D. 324.357
Correct Answer : B
17. The difference between simple interest and compound interest on 1200 for one year at 10% per annum reckoned half-yearly is
A. 2.5
B. 3
C. 3.75
D. 4
Correct Answer : B
18. A man borrows 4000 at 15% compound rate of interest. At the end of each year he pays back 1500. How much amount should be pay at the end of the third year to clear all his dues?
A. 874.75
B. 824.5
C. 924.25
D. 974.25
Correct Answer : A
19. Aman invests 5000 for 3years 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. 5624.32
B. 5627.2
C. 5630.5
D. 5788.125
Correct Answer : A
20. The compound interest on 30,000 at 7% per annum is 4347. The period (in years) is
A. 2
B. 2.5
C. 3
D. 4
Correct Answer : A
21. Compound interest accrued on an amount of 26500 in two years is 9775.85. What is the rate of interest p.c.p.a?
A. 12%
B. 15%
C. 17%
D. 22%
Correct Answer : E
22. 2000 amounts to 2226.05 in 2 years at compound interest. What will be the rate of interest?
A. 5%
B. 5.25%
C. 5.50%
D. 6%
Correct Answer : C
23. A man invests 4000 for 3 years at compound interest. After one year the money amounts to 4320. What will be the amount (to the nearest rupee) due at the end of 3 years?
A. 4939
B. 5039
C. 5789
D. 6129
Correct Answer : B
24. An amount of 10000 becomes 14641 in 2 years if the interest is compounded half-yearly. What is the rate of compound interest p.c.p.a.?
A. 10%
B. 12%
C. 16%
D. 20%
Correct Answer : D
25. The principal that amounts to 4913 in 3 years at 6.25 % per annum compound interest compounded annually, is
A. 3096
B. 4076
C. 4085
D. 4096
Correct Answer : D
26. The present worth of 169 due in 2 years at 4% per annum compound interest is
A. 150.5
B. 154.75
C. 156.25
D. 158
Correct Answer : C
27. The compound interest accrued on an amount at the end of 3 years @ 15 p.c.p.a. is 6500.52. What is the amount?
A. 10500
B. 12480
C. 13620
D. 14800
Correct Answer : B
28. In how many years will a sum of 800 at 10% per annum compounded semi-annually become 926.10?
A. 1 year 4 months
B. 1 year 6 months
C. 2 year 4 months
D. 2 year 6 months
Correct Answer : B
29. If the compound interest on a sum for 2 years at 12.5 % per annum is 510, the simple interest on the same sum at the same rate for the same period of time is :
A. 400
B. 450
C. 460
D. 480
Correct Answer : D
30. The compound interest on a certain sum for 2 years at 10% per annum is 525. The simple interest on the same sum for double the time at half the rate percent per annum is
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