Conversion Period

Q.

A man borrows ₹5000 at 12 % compound interest payable every six months. He repays ₹1800 at the end of every six months. Calculate the third payment he has to make at the end of 18 months in order to clear the entire loan.

1. ₹2024.60

2. ₹2014

3. ₹1800

4. ₹2042

Q.

Find the amount and compound interest on ₹ 10, 000 for 3 years if the rate of interest for successive years are $5\%$, $10\%$ and $20\%$ years respectively

1. ₹ 33100 , ₹ 3310

2. 13500 , ₹ 3500

3. ₹ 13860, ₹ 3860

4. ₹ 13980 , ₹ 3980

Q.

Can we withdraw cash from a CC account?

Q.

A sum of money , lent out at simple interest doubles in 4 years. Find the rate of interest.

1. 20 %

2. 40 %

3. 12.5 %

4. 25 %

Q.

Kamala borrowed ₹ 26, 400 from a bank to buy a scooter at a rate of 15% interest p.a. compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?

1. ₹ 36660

2. ₹ 37545

3. ₹. 46659.7

4. ₹ 36659.7

Q.

What amount Rajiv will receive if he invests ₹ 10, 000 at a rate of 10% per annum simple interest on April 18, 2020, if he invests the money on September 12, 2017

1. ₹ 14, 600

2. ₹ 13, 600

3. ₹ 12, 800

4. ₹ 12, 600

Q.

Find the simple interest of ₹ 2000 from Jan 12, 2012, to October 30, 2012, at an interest of 10% per annum.

1. ₹ 170

2. ₹ 165

3. ₹ 160

4. ₹ 155

Q.

Find the amount on ₹ 30, 000 in 2 years , when the rates of interest for two successive years are 10 % and 12 % successively

1. ₹ 35, 960

2. ₹ 30, 960

3. ₹ 36, 690

4. ₹ 36, 960

Q. Kamala borrowed ₹26400 from a bank to buy a scooter at a rate of 15% p.a. compounded yearly. What amount will she pay at the end of 2 years to clear the loan?

1. ₹ 35, 814
2. ₹ 44, 914
3. ₹ 34, 845
4. ₹ 34, 914

Q. Rajesh borrowed ₹30, 000 from a bank to buy a Washing machine at a rate of 10% interest p.a. compounded yearly. What amount will he pay at the end of 2 years and 3 months to clear the loan?

1. ₹37, 207.5
2. ₹37, 104.75
3. ₹37, 407.5
4. ₹39, 207.5

Q. Aditya borrowed ₹ 30, 000 from a bank to buy a Washing machine at a rate of 10% interest p.a. compounded yearly. What amount will he pay at the end of 2 years and 4 months to clear the loan?

Q.

Kamala borrowed ₹ 26, 400 from a bank to buy a scooter at a rate of 15% interest per annum compounded yearly. What amount will she pay at the end of 2 years and 4 months to clear the loan?

1. ₹ 36659.7

2. ₹ 37545
3. ₹ 46659.7
4. ₹ 36660

Q. A passbook by bank is issued for which account?

1. RD
2. Saving
3. Both
4. None

Q. Simple interest on a principal of Rs. 5, 000 at the rate of 20% for 4 years is__

1. Rs. 1, 000
2. Rs. 2, 000
3. Rs. 3, 000
4. Rs. 4, 000

Q. Fabina borrows Rs 12, 500 at 12% per annum for 3 years at simple interest and Radha borrows the same amount for the same time period at 10% per annum, compounded annually. Who pays more interest and by how much?

Q. What amount Rajiv will receive if he invests ₹ 10, 000 at a rate of 10% per annum simple interest on April 18, 2020, if he invests the money on September 12, 2017

Q. In a current account, money can be withdrawn or deposited by ______ .

1. Cheque
2. Cash
3. Card
4. All

Q. Cashless transactions can be done while shopping using ______ .​

1. Debit Card
2. Credit Card
3. UPI
4. All