Compound Interest - Data Intensity 1 | Multiple Questions and Answers

Join Us :: Register Login

Home Classes GK Engineering Past Papers Current Affairs Technical GAT Subject Programming Medical Papers

Compound Interest - Data Intensity 1 Multiple Questions and Answers.

46.	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.	15%

47.	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 6.09%

48.	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 65650

49.	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 832

50.	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 6000

Read More :

» Compound Interest - Data Intensity 1

» Compound Interest - Data Intensity 2

Date to Date Current Affairs 2022

PakMCQs.net

Quick Links

GAT Subject

Computer Science English Mcqs Agriculture

Engineering

Computer Science Civil Engineering

Technical

Networking Electronics Database

Past Papers

Model Papers FPSC Papers