Quantitative Apitude-Compound Interest
Quantitative Apitude-Compound Interest
31. What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
- Rs. 2.04
- Rs. 3.06
- Rs. 4.80
- Rs. 8.30
32. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
- 2
- 5/2
- 3
- 4
33. 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
34. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
- 6%
- 6.5%
- 7%
- 7.5%
35. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
- 3
- 4
- 5
- 6
36. 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?
- Rs. 8600
- Rs. 8620
- Rs. 8820
- None of these
37. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
- 6.06%
- 6.07%
- 6.08%
- 6.09%
38. 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
39. 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
40. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
- 8
- 10
- 12
- Cannot be determined