Q1. Raviraj invested an amount of Rs.10000 at compound interest rate of 10% per annum for a period of three years. How much amount will Raviraj get after 3 years?
Q2. Find the compound interest on Rs.350 for 1 year at 4% per annum, the interest being payable half yearly?
Q3. Find the compound interest on Rs.2000 for 1¼ years at 10 per cent per annum, the interest being payable quarterly?
(a) Rs.2262.81 (b) Rs.262.81 (c) Rs.262.18 (d) None of these
Q4. Find the compound interest on Rs.4000 for 3 years at 5 per cent per annum?
(a) Rs.630 (b) Rs.620.50 (c) Rs.630.50 (d) None of these
Q5. Rs.50000 is borrowed at compound interest at the rate of 1% for the first year, 2% for the second year and 3% for the third year. Find the amount to be paid after 3 years?
(a) Rs.50355.3 (b) Rs.53055.3 (c) Rs.53505.3 (d) Rs.53053.5
Q6. At what rate percent compound interest, will Rs.400 amount to Rs.441 in 2 years?
(a) 4% (b) 5% (c) 6% (d) 3%
Q7. Find the amount of Rs.800 at compound interest in 2½ years at 5 per cent per annum?
(a) Rs.904.05 (b) Rs.904.50 (c) Rs.904 (d) Rs.905.04
Q8. A sum of money placed at compound interest doubles itself in 5 years. In how many years will it amount to 8 times itself?
(a) 18 years (b) 15 years (c) 16 years (d) 12 years
Q9. At what rate per cent compound interest does a sum of money become 9/4 times itself in 2 years?
(a) 50% (b) 100% (c) 25% (d) 40%
Q10. If the compound interest on a certain sum for 2 years at 5% be Rs.410, what would be the simple interest?
(a) Rs.200 (b) Rs.300 (c) Rs.350 (d) Rs.400
Q11. The simple interest on a certain sum of money for 2 years at 5% per annum is Rs.100. Find the compound interest at the same rate for the same time?
(a) Rs.102.50 (b) Rs.103 (c) Rs.103.50 (d) Rs.102.25
Q12. The compound interest on a certain sum for 2 years is Rs.50.50 and simple interest is Rs.50. Find the rate of interest per annum and the sum?
(a) 4%, Rs.1000 (b) 2%, Rs.1150 (c) 2%, Rs.1250 (d) 4%, Rs.1250
Q13. On a certain sum of money, the simple interest for 2 years is Rs.140 at the rate of 4 per cent per annum. Find the difference in compound interest and simple interest?
(a) Rs.3 (b) Rs.1.50 (c) Rs.2.80 (d) Rs.1.80
Q14. The difference between the compound interest and the simple interest on a certain sum of money at 4 per cent per annum for 2 years is Rs.2. Find the sum of money?
(a) Rs.1260 (b) Rs.1225 (c) Rs.1250 (d) Rs.1230
Q15. Find the difference between the compound interest and the simple interest for the sum Rs.1250 at 4 per cent per annum for 2 years?
(a) Rs.2 (b) Rs.2.50 (c) Rs.1.50 (d) Re.1
Q16. On what sum will the difference between the simple interest and compound interest for 3 years at 5 per cent per annum amount to Rs.12.20?
(a) Rs.1600 (b) Rs.800 (c) Rs.1200 (d) Rs.1500
Q17. Find the difference between the simple interest and compound interest on Rs.500 for 3 years at 4%?
(a) Rs.2432 (b) Rs.3432 (c) Rs.2342 (d) Rs.2423
Q18. A certain amount of money at compound interest grows up to Rs.6560 in 3 years and up to Rs.7216 in 4 years. Find the rate per cent per annum?
(a) 10% (b) 5% (c) 8% (d) 6%
Q19. What sum of money at compound interest will amount to Rs.650 at the end of the first year and Rs.676 at the end of the second year?
(a) Rs.625 (b) Rs.630 (c) Rs.620 (d) None of these
Q20. Find the ratio of compound interest to simple interest on a certain sum at 5% per annum for 2 years?
(a) 41 : 40 (b) 42 : 41 (c) 43 : 40 (d) 41 : 35
Q21. Rs.2400 becomes Rs.3000 in 3 years at a certain rate of compound interest. What will be the sum after 6 years?
(a) Rs.4750 (b) Rs.3750 (c) Rs.3570 (d) None of these
Q22. Find the compound interest on Rs.9375 in 2 years, the rate of interest being 2% for the first year and 4% for the second year?
(a) Rs.570 (b) Rs.1140 (c) Rs.1155 (d) Rs.670
Q23. What sum of money at compound interest will amount to Rs.5305.53 in 3 years, if the rate of interest is 1% for the first year, 2% for the second year and 3% for the third year?
(a) Rs.5000 (b) Rs.5200 (c) Rs.5130 (d) Rs.4910
Q24. A man borrows Rs.1500 at 5% compound rate of interest. At the end of each year he pays back Rs.500. How much amount should he pay at the end of the third year to clear all his dues?
(a) Rs.680 3/16 (b) Rs.600 3/16 (c) Rs.660 3/16 (d) None of these
Q25. Divide Rs.2708 between A and B, so that A’s share at the end of 6 years may equal B’s share at the end of 8 years, compound interest being at 8%?
(a) Rs.1458, Rs.1250 (b) Rs.1448, Rs.1260
(c) Rs. 1438, Rs.1270 (d) Rs.1468, Rs.1240