A bank offers 5% compound interest calculated on halfyearly 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:
Rs 120
Rs 121
Rs 122
Rs 123
Quiz Recommendation System API Link  https://fresherbellquizapi.herokuapp.com/fresherbell_quiz_api
#  Quiz 

1
Discuss

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?
Solution 
2
Discuss

The difference between S.I. and C.I. on Rs. 1200 for one year at 10% per annum calculated halfyearly is
Solution 
3
Discuss

In how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semiannually becomes Rs. 926.10?
Solution 
4
Discuss

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
Solution 
5
Discuss

What will be the compound interest on a sum of Rs.25000 after 3 years at the rate of 12 per cent p.a.?
Solution 
6
Discuss

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?
Solution 
7
Discuss

Find the compound interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly.
Solution 
8
Discuss

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?
Solution 
9
Discuss

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?
Solution 
10
Discuss

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable halfyearly is:
Solution 
#  Quiz 
Copyright © 2020 Inovatik  All rights reserved