#### There Are Total 10 Questions Available For Practice

## 1. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

## 2. 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?

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?

## 3. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

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. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

## 5. 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.?

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.?

## 6. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

## 7. What is the difference between the compound interests on Rs? 5000 for 1 ye ars at 4% per annum compounded yearly and half-yearly?

What is the difference between the compound interests on Rs? 5000 for 1 ye ars at 4% per annum compounded yearly and half-yearly?

## 8. 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?

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?

## 9. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

## 10. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1^{st} January and 1^{st} July of a year. At the end of the year, the amount he would have gained by way of interest is:

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1^{st} January and 1^{st} July of a year. At the end of the year, the amount he would have gained by way of interest is: