1) A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________? a. Rs.4400 b. Rs.4445 c. Rs.4460 d. Rs.4520
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2) A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________? a. Rs.1500 b. Rs.2000 c. Rs.2500 d. Rs.3000
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3) A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________? a. 5 % b. 10 % c. 15 % d. 20 %
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4) The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is? a. 10 % b. 12 % c. 6 % d. 8 %
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5) The compound interest on a certain sum of money for 2 years at 10 % per annum is Rs.420. The simple interest on the same sum at the same rate and for the same time will be_______? a. Rs.350 b. Rs.375 c. Rs. 380 d. Rs. 400
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6) The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is_______? a. Rs.600 b. Rs.500 c. Rs.400 d. Rs.300
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7) What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum? a. Rs. 1000 b. Rs. 1200 c. Rs. 1320 d. None of these
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8) Rs. 800 at 5 % Per annum compound interest will amount to Rs. 882 in________? a. 1 Year b. 2 years c. 3 Years d. 4 Years
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9) Simple Interest on a sum at 4% per annum for 2 years is 80. The compound interest on the same sum for the same period is_________? a. Rs. 81.60 b. Rs. 160 c. Rs. 1081.60 d. None of these
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10) 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_______? a. Rs. 8082 b. Rs. 7800 c. Rs. 8100 d. Rs. 8112
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11) 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? a. 8 b. 10 c. 12 d. Cannot be determined
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12) 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? a. Rs. 1620 b. Rs. 1640 c. Rs. 1680 d. Rs. 1700
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13) What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest? a. Rs. 550 b. Rs. 551.25 c. Rs. 560 d. Rs. 560.75
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14) The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is_________? a. 3 b. 4 c. 5 d. 6
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15) 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? a. 7 years b. 10 years c. 15 years d. 20 years
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16) 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______? a. 2 1/2 % b. 4% c. 5% d. 6 2/3 %
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17) 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%
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18) 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________? a. 10% b. 10.5% c. 12% d. None of these
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19) 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_________? a. 625 b. 630 c. 640 d. 650
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20) 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? a. Rs. 2160 b. Rs. 3120 c. Rs. 3972 d. Rs. 6240
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