## 1. Rs. 10,000 is being compounded at 20% per annum. Calculate the amount after 2 years if the rate of interest is charged half yearly.

- A. 14600
- B. 12500
- C. 14642
- D. 14641 _Ans

## 2. A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.

- A. 1500
- B. 1600
- C. 1568 -Ans
- D. 1750

## 3. The simple interest on a certain sum of money invested at a certain rate for 2 years amounts to Rs. 1200. The compound interest on the same sum of money invested at the same rate of interest for 2 years amounts to Rs. 1290. What was the principal?

- A. Rs. 12000
- B. Rs. 16000
- C. Rs. 6000
- D. Rs. 4000 -Ans

## 4. Find the compound interest to the nearest rupee on Rs.7500 for 2 years 4 months at 12%op.a reckoned annually?

- A. 2284 -Ans
- B. 2176
- C. 2097
- D. 2235

## 5. Find the interest on Rs.25000 at 12% p.a. Compound anualy for 3 years.

- A. 9,000
- B. 9,833.40
- C. 10,123.20 -Ans
- D. 10,678.90

## 6. What is the difference between the maturity value of two deposits of Rs.5,000 each invested for 2 years (1) at 5% simple interest and (ii) at the same interest compounded annually?

- A. Rs. 11.00
- B. Rs. 11.50
- C. Rs. 12.00
- D. Rs. 12.50 -Ans

## 7. Mr. Yudish borrowed Rs.3500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:

- A. 285.6
- B. 3785.6 -Ans
- C. 3758.6
- D. 258.6

## 8. What is the compound interest on Rs. 48,000 for 2 years at 20 % p.a., if interest is compounded annually

- A. Rs. 69,120
- B. Rs. 21,120 -Ans
- C. Rs. 76,800
- D. Rs. 72,000

## 9. Mr. Devesh borrowed Rs. 4,500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:

- A. Rs. 367.2 -Ans
- B. Rs. 4,867.2
- C. Rs. 4,876.2
- D. Rs. 376.2

## 10. What will Rs. 40,000 amount to in 2 years at the rate of 20% p.a., if interest is compounded yearly?

- A. Rs. 48,620
- B. Rs. 58,564
- C. Rs. 57,600 -Ans
- D. Rs. 60,000

## 11. A man deposits Rs.500 at the beginning of each year for 2 years at 10% p.a. compound annually. Find the maturity value at the end of the 2nd year.

- A. Rs. 1,050 -Ans
- B. Rs. 1,150
- C. Rs. 1,155
- D. Rs. 1,200