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- Question
The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is
Options- A. Rs. 1331
- B. Rs. 331
- C. Rs. 300
- D. Rs. 1300
- Correct Answer
- Rs. 331
- 1. A bank offers 15% compound interest per half year. A customer deposits Rs 7200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by means of interest is
Options- A. Rs 6803
- B. Rs 850
- C. Rs 3402
- D. Rs 1701 Discuss
- 2. If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 2100, and Rs 2268 respectively, what is the rate (in %) of interest?
Options- A. 7
- B. 8
- C. 9
- D. 10 Discuss
- 3. At what rate of compound interest per annum will a sum of Rs 10000 become Rs 12321 in 2 years?
Options- A. 22 percent
- B. 11 percent
- C. 7 percent
- D. 15 percent Discuss
- 4. What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?
Options- A. 29.38
- B. 39.38
- C. 49.38
- D. 59.38 Discuss
- 5. What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year
Options- A. 8695
- B. 7695
- C. 3695
- D. 4695 Discuss
- 6. The amount received at 10% per annum compound interest after 3 yrs is Rs 10,648. What was the principal (in Rs)?
Options- A. 8000
- B. 9000
- C. 8500
- D. 7500 Discuss
- 7. The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money?
Options- A. Rs.7200
- B. Rs.9600
- C. Rs.16400
- D. Rs.8400 Discuss
- 8. If compound interest received on a certain amount in the 3rd year is Rs. 12,100, what will be the compound interest (in Rs) for the 4th year on the same amount if rate of interest is 9%?
Options- A. 17080
- B. 15669
- C. 13189
- D. 14376 Discuss
- 9. What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?
Options- A. 1.5
- B. 0.5
- C. 2.5
- D. 3.5 Discuss
- 10. If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?
Options- A. 7.5%
- B. 7%
- C. 6%
- D. 6.5% Discuss
Compound Interest problems
Search Results
Correct Answer: Rs 3402
Correct Answer: 8
Correct Answer: 11 percent
Correct Answer: 39.38
Explanation:
i=j/m
The monthly payment will be=PV*I
Correct Answer: 8695
Explanation:
Given: j = 4%, m= 12, FV = $10,000, Term= 3.5 years
Then n =m *Term 12(3.5) 42
Correct Answer: 8000
Correct Answer: Rs.16400
Correct Answer: 13189
Correct Answer: 2.5
Correct Answer: 7%
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