Quiz Discussion

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

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

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

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%

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

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

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

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

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

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%