Quiz Discussion

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:

Course Name: Quantitative Aptitude

  • 1]

    Rs 120

  • 2]

    Rs 121

  • 3]

    Rs 122

  • 4]

    Rs 123

Solution
No Solution Present Yet

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# 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?

  • 1]

    Rs. 2160

  • 2]

    Rs. 3120

  • 3]

    Rs. 3972

  • 4]

    Rs. 6240

Solution
2
Discuss

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

Solution
3
Discuss

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

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

  • 1]

    Rs 48

  • 2]

    Rs 66.56

  • 3]

    Rs 98.56

  • 4]

    None Of These

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.?

  • 1]

    Rs. 10123.20

  • 2]

    Rs. 11123.20

  • 3]

    Rs. 12123.20

  • 4]

    Rs. 13123.20

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?

  • 1]

    Rs. 666.50

  • 2]

    Rs. 565.25

  • 3]

    Rs. 635

  • 4]

    Rs. 662.02

Solution
7
Discuss

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

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?

  • 1]

     

    Rs, 51.25

  • 2]

    Rs. 52

  • 3]

    Rs. 54.25

  • 4]

    Rs. 60

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?

  • 1]

    Rs 8600

  • 2]

    Rs 8620

  • 3]

    Rs 8820

  • 4]

    None Of These

Solution
10
Discuss

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%

Solution
# Quiz