Q1.
What is the compound interest on Rs.18000 at
15% p.a. for two years? .
(a) Rs.5805 .
(b) Rs.6005 .
(c) Rs.5500 .
(d) Rs.5555 .
Q2.
Find the rate of compound interest at which
a sum of Rs.3000 will amount to Rs.3307.50 in 2 years. .
(a) 6.5% p.a .
(b) 5% p.a .
(c) 6% p.a .
(d) 5.5% p.a .
Q3.
A sum of money doubles itself at compound
interest in three years. In how many years does it become eight times itself? .
(a) 27
(b) 18
(c) 36
(d) 9
Q4.
The compound interest, (interest being
compounded annually), on a certain sum for the second and third years are
Rs.2880 and Rs.3398.40 respectively. Find the rate of interest. .
(a) 16% p.a. .
(b) 14% p.a. .
(c) 20% p.a. .
(d) 18% p.a. .
Q5.
Find the time taken for a sum of Rs.1600
lent at 10% p.a compound interest, compounded semi-annually, to become
Rs.1852.20. .
(a) 
years
(b) 
years
(c) 
years
(d) 
years
Q6.
What annual installment would clear a debt
of Rs.4.24 lakhs in two years at the rate of 12 % p.a. compound interest if
interest is paid at end of year. .
(a) Rs.250880 .
(b) Rs.276440 .
(c) Rs.284220 .
(d) Rs.292660.
Q7.
Sandeep deposited equal amounts at simple
interest and compound interest. At the end of two years he obtained Rs.5625
more from the amount deposited at compound interest than that deposited at
simple interest with the rate of interest being 15 % p.a. in both the schemes.
What is the total amount he deposited? .
(a) Rs.3 lakhs .
(b) Rs.5 lakhs .
(c) Rs.7 lakhs .
(d) Rs.10 lakhs .
Q8.
At what rate of compound interest per annum
will a sum of money amount to eight times itself in three years?
(a) 30 %
(b) 75 %
(c) 100 %
(d) 50 %
Q9.
Find the annual payment that will discharge
a debt of Rs.15260 due in 4 years at 6% per annum simple interest (Assume that
each annual payment is made at the end of the year) .
(a) Rs.3600 .
(b) Rs.3500 .
(c) Rs.3450 .
(d) Rs.3400 .
Q10.
What is the compound interest on Rs.10000 at
40% p.a. for 9 months, interest being compounded quarterly? .
(a) Rs.3310 .
(b) Rs.6620 .
(c) Rs.1210 .
(d) Rs.2310 .
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1.A.
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2.B.
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3.D.
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4.D.
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5.D.
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6.A.
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7.B.
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8.C.
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9.B.
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10.A.
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