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1.Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?
A. 6 years
B. 1 year
C. 2 years
D. 6 years
2.A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year?
A. Rs.25600.24
B. Rs.32000.50
C. Rs.18060.36
D. Rs.25600.24
3.Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?
A. Rs.420
B. Rs.400
C. Rs.375
D. Rs.420
4.A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?
A. 15%
B. 10%
C. 7.50%
D. 15%
5.What will be ratio of simple to compound interest on two same sums invested in SBP at rate of interest of 8% kept for 3 years?
A. 1875/2029
B. 1/2.5
C. 1903/2156
D. 1875/2029
6.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. 8
7.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. 2.50
8.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. 51.25
9.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. 1550
10.The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:____?
A. 6%
B. 8%
C. 10%
D. 6%
11.At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?
A. 5%
B. 6%
C. 10%
D. 5%
12.The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:__?
A. Rs 6.06%
B. Rs 6.07%
C. Rs 6.08%
D. Rs 6.06%
13.The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is___?
A. Rs 6500
B. Rs 6565
C. Rs 65065
D. Rs 6500
14.A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be__?
A. Rs 230
B. Rs 232
C. Rs 600
D. Rs 230
15.A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is___?
A. Rs 4500
B. Rs 5000
C. Rs 5500
D. Rs 4500
16.If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be___?
A. Rs 1575.20
B. Rs 1600
C. Rs 1625.80
D. Rs 1575.20
17.A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?
A. 7 years
B. 10 years
C. 15 years
D. 7 years
18.The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is:__?
A. Rs 100000
B. Rs 11000
C. Rs 120000
D. Rs 100000
19.If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:____?
A. Rs 900
B. Rs 1000
C. Rs 1050
D. Rs 900
20.The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:___?
A. Rs 2518
B. Rs 2520
C. Rs 2522
D. Rs 2518
21.How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly?
A. Rs 17423
B. Rs 18973
C. Rs 19448
D. Rs 17423
22.What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?
A. Rs 9000.30
B. Rs 9720
C. Rs 10123.20
D. Rs 9000.30
23.A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:___?
A. Rs 230
B. Rs 232
C. Rs 600
D. Rs 230
24.The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is_?
A. Rs 50
B. Rs 60
C. Rs 61
D. Rs 50
25.The difference between the simple interest and the compound interest on Rs 5000 at 10% P.a for 3 years is:___?
A. Rs 145
B. Rs 150
C. Rs 165
D. Rs 145
26.A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is____?
A. Rs.4400
B. Rs.4445
C. Rs.4460
D. Rs.4400
27.A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is__?
A. Rs.1500
B. Rs.2000
C. Rs.2500
D. Rs.1500
28.A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is___?
A. 5%
B. 10%
C. 15%
D. 5%
29.The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is?
A. 10%
B. 12%
C. 6%
D. 10%
30.The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be_______?
A. Rs.350
B. Rs.375
C. Rs. 380
D. Rs.350
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