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- Question
A bank offers 15% compound interest per half year. A customer deposits Rs 2400 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is
Options- A. Rs 2268
- B. Rs 1134
- C. Rs 567
- D. Rs 283
- Correct Answer
- Rs 1134
- 1. What is the Compound interest on Rs. 5000 in 3 years, if the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?
Options- A. Rs. 435.21
- B. Rs. 453.12
- C. Rs. 436.12
- D. Rs. 463.12 Discuss
- 2. In what time will Rs. 3300 becomes Rs. 3399 at 6% per annum interest compounded half-yearly ?
Options- A. Quarter months
- B. Half year
- C. 2 years
- D. 1 year Discuss
- 3. The compound interest on a certain sum for 2 years at 10% per annum is Rs. 1155. The simple interest on the same sum for double the time at half the rate percent per annum is ?
Options- A. Rs. 1100
- B. Rs. 5500
- C. Rs. 1400
- D. Rs. 4120 Discuss
- 4. Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, from today. They are to be replaced by a $1500 payment due four years from today, and another payment due two years from today. The replacement stream must be economically equivalent to the scheduled stream. What is the unknown payment, if money can earn 7% compounded semiannually?
Options- A. 1548
- B. 1348
- C. 1648
- D. 1748 Discuss
- 5. If the rate of inflation for the next 20 years is 2.5% per year, what annual income will be needed 20 years from now to have the same purchasing power as a $30,000 annual income today?
Options- A. 39158
- B. 49158
- C. 59158
- D. 69158 Discuss
- 6. If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?
Options- A. 16000
- B. 15000
- C. 17000
- D. 18000 Discuss
- 7. The compound interest earned in two years at 15% per annum is Rs 20640. What is the sum invested (in Rs)?
Options- A. 64000
- B. 60000
- C. 56000
- D. 52000 Discuss
- 8. If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?
Options- A. 1452
- B. 1320
- C. 1552
- D. 1420 Discuss
- 9. What would be the compound interest of Rs. 25000 for 2 yrs. at 5% per annum?
Options- A. 2500
- B. 2562.5
- C. 2425.25
- D. 5512.5 Discuss
- 10. The compound interest on Rs. 24000 at 10% per annum for 11?2 years, interest being compounded semiannually is
Options- A. Rs.3783
- B. Rs.3777
- C. Rs.3780
- D. Rs.3781 Discuss
Compound Interest problems
Search Results
Correct Answer: Rs. 463.12
Correct Answer: Half year
Explanation:
3300 ----- 3% ? (1st time interval, 99) ? 3399.
Here, time interval is given as half-yearly i.e. 6 months.
Correct Answer: Rs. 1100
Explanation:
Let the sum be Rs.x. Then,
=> x =5500
sum = Rs. 5500.
So, S.I = Rs. = 1100
Correct Answer: 1648
Explanation:
FV1 = Future value of $2000, 1 year later
= PV (1+ i)^n
Correct Answer: 49158
Explanation:
i=j/m
FV = PV(1+ i)^n
Correct Answer: 15000
Correct Answer: 64000
Correct Answer: 1452
Correct Answer: 2562.5
Correct Answer: Rs.3783
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