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:
Rs 120
Rs 121
Rs 122
Rs 123
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1
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The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
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2
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What will be the compound interest on a sum of Rs.25000 after 3 years at the rate of 12 per cent p.a.?
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3
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The difference between S.I. and C.I. on Rs. 1200 for one year at 10% per annum calculated half-yearly is
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4
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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?
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5
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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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6
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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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7
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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:
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8
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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
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In how many years will a sum of Rs. 800 at 10% per annum compound interest, compounded semi-annually becomes Rs. 926.10?
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10
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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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