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Home Aptitude Compound Interest Comments

  • Question
  • Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly.


  • Options
  • A. Rs. 676
  • B. Rs. 776
  • C. Rs. 1778
  • D. Rs. 2028

  • Correct Answer
  • Rs. 2028 

    Explanation

    Amount = P(1 + r/100)^t
    Amount = 1875(1 + 4/100)^2
    Amount = 1875(104/100)(104/100)
    Amount = 2028

  • Tags: Bank Exams

    Compound Interest problems


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    • 1. If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ?

    • Options
    • A. 3387.42
    • B. 4387.42
    • C. 5387.42
    • D. 6387.42
    • Discuss
    • 2. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is

    • Options
    • A. Rs.4000
    • B. Rs.500
    • C. Rs.600
    • D. Rs.800
    • 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. Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?

    • Options
    • A. Rs. 1911
    • B. Rs. 1909
    • C. Rs. 1901
    • D. Rs. 1907
    • Discuss
    • 5. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is

    • Options
    • A. 6.06%
    • B. 6.07%
    • C. 6.08%
    • D. 6.09%
    • Discuss
    • 6. A woman invests Rs. 2000 at the start of each year at 5% C.I. per annum. How much will her investments be at the end of the 2nd year?

    • Options
    • A. Rs. 4305
    • B. Rs. 430
    • C. Rs. 4355
    • D. Rs. 4350
    • Discuss
    • 7. What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

    • Options
    • A. 8000
    • B. 8650
    • C. 8750
    • D. 8800
    • Discuss
    • 8. Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?

    • Options
    • A. Rs.2543
    • B. Rs.2534
    • C. Rs.2546
    • D. Rs.2750
    • Discuss
    • 9. Mr. Mike borrowed Rs. 8500 at 4% per annum C.I. The C.I. compounded annally for 2 years is :

    • Options
    • A. Rs. 9139.6
    • B. Rs. 639.6
    • C. Rs. 9193.6
    • D. Rs. 693.6
    • Discuss
    • 10. If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is

    • Options
    • A. Rs.1505
    • B. Rs.1535
    • C. Rs.1545
    • D. Rs.1550
    • Discuss


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