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 Multiple Choice QuestionsMultiple Choice Questions

31.

A sum of money lent at compound interest amounts to Rs. 1460 in 2 years and to Rs. 1606 in 3 years. The rate of interest per annum is

  • 12%

  • 11%

  • 10.5%

  • 10.5%

204 Views

32.

The compound interest on Rs. 6250 at 12% per annum for 1 year, compound half-yearly is

  • Rs 772.50

  • Rs. 772

  • Rs. 672.50

  • Rs. 672.50

182 Views

33.

A sum of money placed at compound interest doubles itself in 5 years. It will amount to eight times of itself at the same rate of interest in

  • 20 years

  • 10 years

  • 12 years

  • 15 years

211 Views

34.

A sum of money is paid back in two annual instalments of Rs. 17,640 each, allowing 5% compound interest compounded annually. The sum borrowed was

  • ₹ 32,800

  • ₹ 32,200

  • ₹ 32,000

  • ₹ 32,400

539 Views

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35.

A man invested a sum of money at compound interest. It amounted to Rs. 2420 in 2 years and to Rs. 2662 in 3 years. Find the sum.

  • Rs. 1000

  • Rs. 2000

  • Rs. 5082

  • Rs. 5082


B.

Rs. 2000

Rate of interest:
equals space open parentheses fraction numerator 2662 space minus space 2420 over denominator 2420 end fraction space cross times space 100 close parentheses space equals space 10 percent sign
Now,
 rightwards double arrow space space space space 2420 space equals space straight P open parentheses 1 plus straight r over 100 close parentheses squared
rightwards double arrow space space space space 2420 space equals space straight P open parentheses 1 plus 10 over 100 close parentheses squared
rightwards double arrow space space space space 2420 space equals space straight P space cross times space open parentheses 11 over 10 close parentheses squared
  rightwards double arrow space space 2420 space equals space straight P space cross times space 121 over 100
rightwards double arrow space space space straight P space equals space fraction numerator 2420 space cross times space 100 over denominator 121 end fraction space equals space Rs. space 2000

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36.

The compound interest on Rs.30,000 at 7% per annum for n years is Rs. 4347. The value of n is

  • 3

  • 2

  • 4

  • 4

278 Views

37.

The compound interest on â‚¹ 24,000/- at 10% per annum for 1 1 half space years comma interest being compounded semi-annually is

  • ₹ 3,783

  • ₹ 3,777

  • ₹ 3,780

  • ₹ 3,781

56 Views

38.

What would be the compound interest of â‚¹ 25,000/- for 2 years at 5% per annum?

  • ₹ 2,500

  • ₹ 2,562.5

  • ₹ 2,425.25

  • ₹ 5,512.5

57 Views

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39.

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is â‚¹ 1/-. The sum (in ₹) is:

  • ₹ 620/-

  • ₹ 630/-

  • ₹ 640/-

  • ₹ 625/-

51 Views

40.

The compound interest on Rs 1,000/- at 10% per annum for 3 years (in Rs) is:

  • Rs. 1,331/-

  • Rs. 331/-

  • Rs. 300/-

  • Rs. 1,300/-

45 Views

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