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Arithmetic Ability
Compound Interest
Quiz 2
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Q.1
Rs.2000 amounts to Rs. 2226.05 in 2 years at compound interest. What will be the rate of interest ?
5%
5.25%
5.5%
6%
Q.2
A certain sum of amounts to Rs. 5832 in 2 years at 8% per annum compound interest, the sum is = ?
Rs. 5000
Rs. 5200
Rs. 5280
Rs. 5400
Q.3
A man invests Rs. 5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year = ?
Rs. 5624.32
Rs. 5627.20
Rs. 5630.50
Rs. 5788.125
Q.4
What will be the difference between S.I. and C.I. on a sum of Rs. 15000 for 2 years at the same rate of interest of $$12\frac{1}{2}$$ % per annum ?
Rs. 230.550
Rs. 234.375
Rs. 250.129
Rs. 324.357
Q.5
A certain sum of money yields Rs. 1261 as compound interest for three years at 5% per annum. The sum is ?
Rs. 9000
Rs. 8400
Rs. 7500
Rs. 8000
Q.6
A certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7803 at the end of one year. The sum is ?
Rs. 7000
Rs. 7200
Rs. 7500
Rs. 7700
Q.7
A man gets a simple interest on Rs. 1000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate ?
Rs. 1000
Rs. 1005
Rs. 10125
Rs. 11025
None of these
Q.8
The difference between simple interest ans compound interest on Rs. P at R% p.a in 2 years is = ?
$${\text{Rs}}{\text{.}}\,\frac{{PR}}{{100}}$$
$${\text{Rs}}{\text{.}}\,\frac{{2PR}}{{100}}$$
$${\text{Rs}}{\text{.}}\,\frac{{P{R^2}}}{{100}}$$
$${\text{Rs}}{\text{.}}\,\frac{{P{R^2}}}{{{{\left( {100} \right)}^2}}}$$
Q.9
At a certain rate per annum, the simple interest on a sum of money for one year is Rs. 260 and the compound interest on the same sum for two years is Rs. 540.80. The rate of interest per annum is = ?
4%
6%
8%
10%
Q.10
Compound interest on a sum of money for 2 years at 4% per annum is Rs. 2448. simple interest on the same sum of money at the same rate of interest for 2 years will be = ?
Rs. 2500
Rs. 2400
Rs. 2360
Rs. 2250
Q.11
A sum of money invested at compound interest amounts to Rs. 650 at the end of first year and Rs. 676 at the end of second year. The sum of money is = ?
Rs. 600
Rs. 540
Rs. 625
Rs. 560
Q.12
The compound interest on Rs.2800 for 18 months at 10% p.a is = ?
Rs. 420
Rs. 434
Rs. 436.75
Rs. 441.35
Q.13
If the compound interest on a sum of money for 3 years at the rate of 5% per annum is Rs. 252.20, the simple interest on the same sum at the same rate and for the same time is ?
Rs. 220
Rs. 240
Rs. 245
Rs. 250
Q.14
In how many years will Rs. 2000 amounts to Rs. 2420 at 10% per annum compound interest?
3 years
$$2\frac{1}{2}$$ years
2 years
$$1\frac{1}{2}$$ years
Q.15
If the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three years is Rs. 36.60, then the sum is = ?
Rs. 8000
Rs. 8400
Rs. 4400
Rs. 4800
Q.16
The principal which will amounts to Rs. 270.40 in 2 years at the rate of 4% per annum compound interest, is = ?
Rs. 200
Rs. 225
Rs. 250
Rs. 220
Q.17
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
Q.18
Mr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded half - yearly for first one year ans in the next year it was compounded yearly. What will be the total interest earned at the end of 2 year ?
Rs. 8040
Rs. 8800
Rs. 9040
Rs. 9800
None of these
Q.19
On a certain sum of money the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is = ?
6.07%
10%
9%
12.15%
Q.20
If the rate of interest be 4% per annum for first year, 5% per annum foe second year and 6% per annum for third year, then the compound interest of Rs.10000 for three years will be ?
Rs. 1575.20
Rs. 1600
Rs. 1625.80
Rs. 2000
Q.21
What would be the compound interest accrued on an amount of Rs. 8400 @ 12.5 p.c.p.a at the end of 3 years ?
Rs. 2584.16
Rs. 3560.16
Rs. 3820.14
Rs. 4205.62
None of these
Q.22
A sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest in = ?
18 years
12 years
16 years
24 years
Q.23
A sum becomes Rs.1352 in 2 years at 4% per annum compound interest. The sum is = ?
Rs. 1225
Rs. 1270
Rs. 1245
Rs. 1250
Q.24
The compound interest on a certain sum of money at a certain rate for 2 years is Rs. 40.80 and the simple interest on the same sum is Rs. 40 at the same rate and for the same time. The rate of interest is = ?
2% per annum
3% per annum
4% per annum
5% per annum
Q.25
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
Rs. 1550
Rs. 1650
Rs. 1750
Rs. 2000
None of these
Q.26
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 at the same rate and for the same time?
Rs. 51.25
Rs. 52
Rs. 54.25
Rs. 60
None of these
Q.27
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:
Rs. 2.50
Rs. 3
Rs. 3.75
Rs. 4
None of these
Q.28
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
Rs. 9000.30
Rs. 9720
Rs. 10123.20
Rs. 10483.20
None of these
Q.29
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1
^{st}
January and 1
^{st}
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
None of these
Q.30
What will be the compound interest accrued on an amount of Rs.10000 @ 20 p.c.p.a in 2 years if the interest is compounded half - yearly?
Rs. 4400
Rs. 4600
Rs. 4641
Rs. 4680
None of these
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