Compound Interest – Set 3 January 26, 2025 by aasi 0% Report a question What’s wrong with this question? You cannot submit an empty report. Please add some details. 1234567891011 Compound Interest – Set 3 Dear ! This is Compound Interest – Set 3 Quiz and it contains 11 questions. Keep Learning! 1 / 11 1) What is the difference between the compound interests on Rs. 5000 for 112“>1.5 years at 4% per annum compounded yearly and half-yearly? Rs. 8.30 Rs. 2.04 Rs. 3.06 Rs. 4.80 2 / 11 2) 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. 122 Rs. 123 Rs. 120 Rs. 121 3 / 11 3) 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? Rs. 2160 Rs. 6240 Rs. 3120 Rs. 3972 4 / 11 4) The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is: 2 1 4 3 5 / 11 5) The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: 6.06 % 6.09 % 6.08 % 6.07 % 6 / 11 6) At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? 3% 4% 6% 5% 7 / 11 7) 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. 8620 Rs. 8820 None of these Rs. 8600 8 / 11 8) 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. 10483.20 Rs. 9720 Rs. 9000.30 Rs. 10123.20 9 / 11 9) The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is: 635 630 625 640 10 / 11 10) 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. 1750 Rs. 2000 Rs. 1550 1650 11 / 11 11) The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is: 4 8 6 2 Your score isThe average score is 0%🎉 Challenge alert! 💡 Share this quiz with your friends and see who scores the highest! 🏆🤩🔥 LinkedIn Facebook Follow Us @ 0% Restart quiz Exit We’d love to hear your thoughts! 📝 Share your valuable review with us. 🙌 🌟 Thank you for your support! Your feedback means the world to us. 🙏💖 Send feedback
