Quantitative Aptitude - Compound Interest - Formula & Concept Quiz

Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?

• 1]

  Rs 8600

• 2]

  Rs 8620

• 3]

  Rs 8820

• 4]

  None Of These

What will be the compound interest on a sum of Rs.25000 after 3 years at the rate of 12 per cent p.a.?

• 1]

  Rs. 10123.20

• 2]

  Rs. 11123.20

• 3]

  Rs. 12123.20

• 4]

  Rs. 13123.20

A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?

• 1]

  Rs. 666.50

• 2]

  Rs. 565.25

• 3]

  Rs. 635

• 4]

  Rs. 662.02

Sam invested Rs. 15000 at the rate of 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be:

• 1]

  Rs. 16,500

• 2]

  Rs. 16,525.50

• 3]

  Rs. 16,537.50

• 4]

  Rs. 18,150

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs.1600 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:

• 1]

  Rs 120

• 2]

  Rs 121

• 3]

  Rs 122

• 4]

  Rs 123

Find the compound interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly.

• 1]

  Rs. 1851

• 2]

  Rs. 1941

• 3]

   

  Rs. 1951

• 4]

  Rs. 1961

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the same rate and for the same time?

• 1]

   

  Rs, 51.25

• 2]

  Rs. 52

• 3]

  Rs. 54.25

• 4]

  Rs. 60

The difference between S.I. and C.I. on Rs. 1200 for one year at 10% per annum calculated half-yearly is

• 1]

  Rs. 2.50

• 2]

  Rs. 3

• 3]

  Rs. 3.75

• 4]

  Rs. 4

In how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semi-annually becomes Rs. 926.10?

• 1]

  1 1/2 years

• 2]

  1 2/3 years

• 3]

  2 1/3 years

• 4]

  2 1/2 years

The C.I. on a sum of money for 2 years is Rs. 832 and the S.I. on the same sum for the same period is Rs. 800. The difference between the C.I and S.I. for 3 years will be

• 1]

  Rs 48

• 2]

  Rs 66.56

• 3]

  Rs 98.56

• 4]

  None Of These

There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

• 1]

  Rs. 2160

• 2]

  Rs. 3120

• 3]

  Rs. 3972

• 4]

  Rs. 6240

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

• 1]

  6.06%

• 2]

  6.07%

• 3]

  6.08%

• 4]

  6.09%

Mr. Dua invested money in two schemes P and Q offering compound interest @ 8 p.c.p.a. and 9 p.c.p.a respectively. if the total amount of interest accrued two schemes together in two years was Rs 4818.30 and the total amount invested was Rs 27, 000, what was the amount invested in Scheme P?

• 1]

  Rs 12, 000

• 2]

  Rs 13,500

• 3]

  Rs 15, 000

• 4]

  None of these

A sum of money invested at compounded interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate on interest per annum is

• 1]

  3%

• 2]

  4%

• 3]

  5%

• 4]

  6%