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
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#  Quiz 

1
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?
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2
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The difference between S.I. and C.I. on Rs. 1200 for one year at 10% per annum calculated halfyearly is
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3
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In how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semiannually becomes Rs. 926.10?
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4
Discuss

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?
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5
Discuss

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable halfyearly is:
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6
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Find the compound interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly.
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7
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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
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8
Discuss

Sam invested Rs. 15000 at the rate of 10% per annum for one year. If the interest is compounded halfyearly, then the amount received by Sam at the end of the year will be:
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9
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?
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10
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?
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