Simple Interest and Compound Interest 1 / 14 The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: 6.06% 6.07% 6.08% 6.09% 2 / 14 At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years? 6% 6.5% 7% 7.5% 3 / 14 The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is: Rs. 400 Rs. 500 Rs. 600 Rs. 800 4 / 14 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: 625 630 640 650 5 / 14 The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is: 3 4 5 6 6 / 14 If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time? Rs. 51.25 Rs. 52 Rs. 54.25 Rs. 60 7 / 14 Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is: Rs. 1550 Rs. 1650 Rs. 1750 Rs. 2000 8 / 14 What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly? Rs. 2.04 Rs. 3.06 Rs. 4.80 Rs. 8.30 9 / 14 The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is: Rs. 2.50 Rs. 3 Rs. 3.75 Rs. 4 None of these 10 / 14 The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? 8 10 12 Cannot be determined None of these 11 / 14 Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit? Rs. 8600 Rs. 8620 Rs. 8820 None of these 12 / 14 What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.? Rs. 9000.30 Rs. 9720 Rs. 10123.20 Rs. 10483.20 None of these 13 / 14 A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is: Rs. 120 Rs. 121 Rs. 122 Rs. 123 14 / 14 There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate? Rs. 2160 Rs. 3120 Rs. 3972 Rs. 6240 None of these Your score isThe average score is 57% 0% Restart quiz