CRE 2 - Compound Interest | Arithmetic - Simple & Compound Interest
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Find the C.I. on Rs. 2000 for 3 years at 10% p.a.
- (a)
Rs. 562
- (b)
Rs. 662
- (c)
Rs. 500
- (d)
Rs. 516.50
Solution
Discuss
ReportFind the C.I. on 5000 for 2 years at 4 1/2% p.a. when interest iscompounded annually.
- (a)
Rs. 460.125
- (b)
Rs. 480
- (c)
Rs. 620.14
- (d)
Rs. 504.5
Find the C.I. on Rs. 2000 at 12% p.a. for 3 years when the C.I. is reckoned yearly.
- (a)
Rs. 881.84
- (b)
Rs. 809.86
- (c)
Rs. 888.48
- (d)
Rs. 848.88
What will Rs. 12,500 amount to at C.I. for 3 years at 4% when C.I. is reckoned yearly.
- (a)
Rs. 13,600.2
- (b)
Rs. 13,801.2
- (c)
Rs. 14,200
- (d)
Rs. 14,060.80
The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
- (a)
2
- (b)
- (c)
3
- (d)
4
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
- (a)
6%
- (b)
6.5%
- (c)
7%
- (d)
7.5%
Every year an amount increases by 1/8th of itself, How much will it be after two years if its present value is Rs. 64000?
- (a)
Rs. 81000
- (b)
Rs. 80000
- (c)
Rs. 75000
- (d)
None of these
A sum of money put out at C.I. amounts to Rs. 57,840 in 2 years and in 3 years to Rs. 61,455. Find the rate of interest.
- (a)
- (b)
6%
- (c)
- (d)
The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
- (a)
3
- (b)
4
- (c)
5
- (d)
6
Find the amount due on Rs. 2000 for 2.5 years at 10% p.a., compounded yearly.
What is the compound interest on Rs. 6950 for 3 years if interest is payable half-yearly, at the rate of 6% p.a. for the first two years and at the rate of 9% p.a. for the third year
- (a)
Rs. 1590
- (b)
Rs. 1502
- (c)
Rs. 1482
- (d)
Rs. 1615
Determine the C.I. on Rs. 2400 at 10% p.a. for years when C.I. is compounded half yearly.
- (a)
Rs. 367.20
- (b)
Rs. 390
- (c)
Rs. 387.10
- (d)
Rs. 378.30
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:
- (a)
Rs. 120
- (b)
Rs. 121
- (c)
Rs.122
- (d)
Rs.123
What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly?
- (a)
Rs.2.04
- (b)
Rs. 3.06
- (c)
Rs.4.80
- (d)
Rs.8.30
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
- (a)
6.06%
- (b)
6.07%
- (c)
6.08%
- (d)
6.09%
The effective annual rate of interest corresponding to a nominal rate of 12% per annum payable every 4 months is:
- (a)
1.78%
- (b)
12.49%
- (c)
12%
- (d)
13.26%
An amount lent at CI doubles in 2 years. How long will it take for the amount to become 8 times when lent at same rate of interest?
- (a)
15 years
- (b)
21 years
- (c)
6 years
- (d)
Can’t be determined
An amount lent at CI becomes 5 times in 7 years. How long will it take for the amount to become 125 times when lent at same rate of interest?