CI

Q. The compound interest on Rs. 30000 at $7\%$ per annum is Rs. 4347. The period (in years) is:

1. 2
2. 3
3. 4
4. $2\frac{1}{2}$

Q.

1. The sum due to Ramesh at the end of the first year.
2. The interest he earns for the second year.
3. The total amount due to him at the end of the third year.
4. None of these

Q. What is the difference between the simple interest (S.I) on a sum of ₹2, 000 being calculated at 6% for 3 years and 7% for 3 years?

Q.

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

1. 1

2. 3

3. 4

4. 2

Q. A sum of money placed out at compound interest amounts to Rs. 20, 160 in 3 years and to Rs. 24, 192 in 4 years. Calculate the rate of interest.

1. 20%
2. 12%
3. 15%
4. 25%

Q. Find the diffraction between C.I and S.I on sum of $Rs5000$ for $2$ years at $8\%$ per annum payable yearly.

Q.

Calculate the compounded interest on $Rs.18000$ for $1\frac{1}{2}$ years at the rate of $10\%$ p.a. compounded semi annually.

Q. If $400$ dollars is deposited in a bank account for $4$ years at $8$% per annum . Calculate interest using compound interest formula.

1. $124.0$
2. $138.05$
3. $144.195$
4. $144.0$

Q. Simple interest on a certain amount is $\frac{16}{25}$ of the principal. If the number representing the rate of interest in percent and time in years be equal, then time, for which the principal amount is lent out, is:

1. $5\frac{1}{2}$ years
2. $6\frac{1}{2}$ years
3. $6$ years
4. $8$ years

Q. What is the formula of simple interest?

Q. Calculate the difference between compound interest and simple interest for $2$ years on Rs. $8500$ at $6\%$ per annum.

Q. Ramesh lends Rs. 15, 000 for 2 years at a certain rate of compound interest. If after 2 years, it amounts to Rs. 16, 224; find the rate of interest.

1. 2%
2. 4%
3. 6%
4. 8%

Q. What sum of money will amount Rs.3645 in 3 years at $12\frac{1}{2}$% per annum compound interest?