Conversion of Interest Rate

Q. What is the compound interest on ₹10000 for 3 years if rate of interest for first, second and third years respectively is $5\%$, $10\%$ and $20\%$?

1. ₹3310
2. ₹3980
3. ₹3500
4. ₹3860

Q. A sum of money is put at compound interest for 2 years at $20\%$ p.a. It would fetch Rs. 482 more, if the interest were payable half-yearly, than if it were payable yearly. The sum is

1. Rs. 18000
2. Rs. 20000
3. Rs. 25000
4. Rs. 23000

Q. What will be the effective interest rate when the compound interest on ₹4000 in 1.5 years at 12% CI per annum is compounded half-yearly?

1. 12%
2. 5%
3. 3%
4. 6%

Q. Manish opens a Recurring Deposit Account with the Bank of Rajasthan and deposits Rs 600 per month for 20 months. Calculate the maturity value of this account, if the bank pays interest at the rate of 10% per annum.

1. 1050
2. 12000
3. 6000
4. 13050

Q. What will be the Interest rate when the Principal is ₹5000 , time is 1 year and CI is ₹788.125 and the interest is compounded half-yearly?

1. 5%
2. 15%
3. 10%
4. 8%

Q.

Kishan's father took a loan from the bank at 12.5% interest p.a. for 4 years.

Calculate the total amount that he paid at the end of 4 years if the loan taken was 10000 times the interest rate.

1. 195000

2. 200000

3. 187500

4. 175500

Q. Find the compound interest on ₹48000 for one year at $8\%$ per annum when compounded half yearly.

1. ₹4916.80
2. ₹2196.00
3. ₹3196.80
4. ₹3916.80

Q.

The population of my country increases at 5% per annum. What type of increase is this?

1. None of these

2. Compound

3. Simple

4. Cannot be determined

Q.

Find the compound interest paid when a sum of ₹64, 000 is invested for one year and six months at 5% per annum compounded half yearly.

1. ₹4921

2. ₹5421

3. ₹4830

4. ₹8545

Q.

A sum of ₹ 12000 is invested for 1.5 years which will be compounded half yearly at a rate of 10%. Find the amount obtained.

1. Rs 13890

2. Rs 13891.5
3. Rs 13591
4. Rs 14891.5

Q. In compound interest, if the 1st year Principal = ₹2600; Amount = ₹3000, then for the 2nd year Principal = ₹ _____.

1. 3000
2. 2600
3. 1600
4. 400

Q. The difference between simple interestand compound interest on a sum for 2 years at $8\%$ per annum is Rs. 160.If the interests were compounded half yearly, the difference in interests in two years will be nearly

1. Rs. 501.22
2. Rs.612.24
3. Rs. 246.82
4. Rs.486.72