Compound Interest Quiz 3 February 24, 2012 by kumar 3 Comments 1. Find the compound interest on Rs.4000 for 9 months at 20% per annum.when the interest is reckoned quarterly?A. Rs.4600B. Rs.4309.67C. Rs.4630.50D. Rs.4630 2. Compound interest on RS.800 for 2 years at 5% is what?A. Rs.87B. Rs.82C. RS.98D. RS.78 3. What annual payment will discharge a debt of Rs.8116 due in 3 years at 8% per annum compound interest?A. 2400B. 2500C. 3500D. 4500 4. Find the amount on RS.60,000,if the interest is compounded half-yearly at 4% per annum for 1.5 years?A. RS.67890.9B. RS.63672.48C. Rs.62434.56D. Rs.78956.7 5. The difference between simple and compound interests on a sum of money at 4% per annum for 2 years is Rs.8.The sum is(in Rupees)A. 6000B. 3000C. 4000D. 5000 6. In how many years will Rs.2000 amount to Rs.2420 at 10% per annum compound interest?A. 2B. 6C. 4D. 5 7. A sum of money at compound interest doubles itself in 5 years.It will amount to 8 times at the same rate of interest in A. 12 yrsB. 16 yrsC. 15 yrsD. 20 yrs 8. The compound interest on Rs.10,000 in 2years at 4% per annum,the interest being compounded half-yearly isA. RS.824.32B. RS.879.56C. RS.912.86D. RS.876.45 9. A sum of money doubles itself at compound interest in 15 years.In how many years will it become 8 times?A. 60B. 45C. 30D. 25 10. If a sum Rs.1000 deposited at compound interest doubles after 4 years.After 20 years,it will becomeA. RS.42000B. RS.45000C. RS.32000D. RS.25000 11. A person borrows Rs.200 at 5% compound interest.At the end of each year,he pays back Rs.70.The amount he owed at the end of 2 years must beA. RS.156B. RS.187C. RS.179D. RS.147 12. If a sum of RS.10000 is deposited for 1 year at 10% compounded half-yearly,then the interest will beA. RS.2000B. RS.1000C. RS.3000D. RS1500 13. The effective annual rate of interest corresponding to a nominal of 6% per annum payable half-yearly isA. 7.98%B. 4.56%C. 6.09%D. 7.05% 14. During a period of 2 years,a principal of RS.100 amounts to RS.121 at the annual compound rate of r%.The value of r will beA. 12B. 15C. 1D. 10 15. The compound interest on Rs.1000 at the rate of 10% will be Rs.210 in (years)A. 2B. 5C. 7D. None of these Related posts: Compound Interest Quiz 1 Compound Interest Quiz 2 Simple Interest Quiz 1 Simple Interest Quiz 2 Simple Interest Quiz 3 Simple Interest Quiz 4

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