Compound Interest Mcqs

Q.  A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be_________?

a. Rs 230
b. Rs 232
c. Rs 600
d. Rs 832


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  If Rs. 7500 are borrowed at C. I at the rate of 4 % per annum then after 2 years, the amount to be paid is_______?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is_________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  A sum of money invested at C.I. amounts to Rs. 800 in 3 years to Rs. 840 in 4 years. The rate of interest per annum is______?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  On a sum of money, the S.I. for 2 years is Rs. 660, while the C.I. is Rs. 696.30, the rate of interest being the same in both the cases. The rate of interest is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  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_________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  There is 60% increase in an amount in 6 years at S.I. What will be the C.I. of Rs. 12,000 after 3 years at the same rate?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The S.I. on a certain sum of money for 3 years at 8% per annum is half the C.I. on Rs. 4000 for 2 years at 10% per annum. The sum placed on S.I. is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The C.I. on a certain sum for 2 years at 10% per annum is Rs. 525. The S.I. on the same sum for double the time at half the rate percent per annum is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  If the C.I. on a sum for 2 years at 12 1/2 % per annum is Rs. 510, the S.I. on the same sum at the same rate for the same period of time is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is_________??
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is_________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is________?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  What will be the difference between simple and compound interest at 10% per annum on a sum of Rs. 1000 after 4 years?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same sum at the rate and for the same time?
Category: Mathematics Quizzes,   Published by: T-Code Scripts
MCQs:  Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?
Category: Mathematics Quizzes,   Published by: T-Code Scripts