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:

• 1]

  Rs 120

• 2]

  Rs 121

• 3]

  Rs 122

• 4]

  Rs 123

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

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

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%

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

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 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

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%

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