## Ques 1.

In how many years will a sum of Rs 800 at 10% per annum compound interest .The rate % is

(a) 1 1/2

(b) 2 1/2

(c) 1 1/3

(d) 4 1/4

**Ans 1.**1 1/2

## Ques 2.

What is the amount payable after two Years, if it is put at 20% p.a. compound interest of 5 paise per rupee per annum, compounded annually ?

(a) Rs 10025

(b) Rs 12000

(c) Rs 11025

(d) Rs 11125

**Ans 2.**11025

[ x paise per rupee p.a. = x % p.a.]

## Ques 3.

The compound interest on Rs 16000 at 20% p.a. for 9 months, Compounded quarterly is

(a) Rs 2225

(b) Rs 2425

(c) Rs 2012

(d) Rs 2522

**Ans 3.**Rs 2522

## Ques 4.

A sum of money becomes p 4 times itself in 2 years at compound interest .The rate of Interest is

(a) 75%

(b) 100%

(c) 50%

(d) Indeterminate

**Ans 5.**100%

## Ques 5.

An amount deposited on compound interest becomes Rs 5700 after three years and Rs 6000 after four years. After 5 Years this amount will become

(A) Rs 6308

(b) Rs 6816

(c) Rs 6410

(d) Rs 6316

**Ans 5.**6316

## Ques 6.

Every year an amount increase by 1/8th of itself .How much will it be after two years if its present value is Rs 64000 ?

(a) Rs 81000

(b) Rs 80000

(c) Rs 75000

(d) None of these

**Ans 6.**Rs 81000

Hint : Rate % = 1/8 x 100% = 12 .5 %

## Ques 7.

A sum of money lent at compound interest amounts to Rs 6050.00 in two years and to Rs 7320.50 in four years. The rate of interest is

(a) 12%

(b) 5 %

(c) 10%

(d) 8 %

**Ans 7.**10%

## Ques 8.

A sum of money at compound interest increases from Rs x Rs y in n years .The amount of the investment after a further period of 3n years will be

(a) 3y3

(b) y4/x2

(c) y4/x3

(d) x2/y2

**Ans 9.**

## Ques 9.

What is the compound interest on Rs 6950 for 3 years if interest is payable half-yearly. at the rate of 6% p.a. for the first two years and at the rate 9% p.a. for the third year ?

(a) Rs 1590

(b) Rs 1502

(c) Rs 1482

(d) Rs 1615

**Ans 9.**Rs 1590

Hint : Amount after 3 years

= 6950 x (1 + 3/100)

## Ques 10.

The compound interest on a certain sum at a given rate for n years ( n > 1) is

(a) Equal to the simple interest

(b) less than the simple interest

(c) more than the simple interest

(d) no definite conclusion can be drawn

**Ans 10.**(c) more than the simple interest

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