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Compound Interest - Data Intensity 2 Multiple Questions and Answers.
| 26. | A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is______? | ||
| A. | 2.50% | ||
| B. | 4% | ||
| C. | 5% | ||
| D. | 6.67% | ||
| 27. | 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% | ||
| 29. | 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 | ||
| 30. | There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate? | ||
| A. | Rs. 2160 | ||
| B. | Rs. 3120 | ||
| C. | Rs. 3972 | ||
| D. | Rs. 6240 | ||
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