Test Details

Simple and Compound Interest

CI1

Dec 09, 5:02 PM

30 minutes

Dec 09, 5:32 PM

49.0 marks

MCQ

16 questions

Spandan Bhol

Class Details

Maths

Siddhant's Class

Maths

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Question Text

Question 1 :
If the number of conversion periods ≥ 2, then compound interest is

Question 2 :
The time periods and rate for a sum taken at 8% p.a. for {tex}1 \frac{1}{2}{/tex} years compounded half yearly are

Question 3 :
If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is

Question 4 :
The compound interest on ₹ 1000 at 10% p.a. for 2 years is

Question 5 :
The compound interest on ₹10000 at 8% per annum for 6 months compounded quarterly is

Question 6 :
The compound interest on ₹5000 at 20% per annum for {tex}1 \frac{1}{2}{/tex} years compounded half yearly is

Question 7 :
What is the Compound Interest on ₹1,28,000 for 9 months at 10% per annum Compounded Quarterly?

Question 8 :
Out of a Sum of ₹625, a part was lent at 5% and the other at 10% Simple Interest. If the interest in the first part after 2 years is equal to the interest on the second part after 4 years. What is the second Sum?

Question 9 :
In what time will the Simple Interest on ₹780 at 5% be equal to the Simple Interest on ₹600 at 6 1 ⁄ 2 %?

Question 10 :
At what Rate% of Simple Interest will a Sum of money double itself in 12 years?

Question 11 :
What will be the Sum if Simple Interest is ₹x at x% for x years?

Question 12 :
Mr. Andrew borrowed ₹21,600 for 3 years at 16 2 ⁄ 3 % Compounded annually while Mr. Benson borrowed the same Amount at Simple Interest for the same period and at the same rate of interest. Who Pays more and how much?

Question 13 :
Simple Interest on a certain Sum is 4/9 of the Sum. What is the Rate% if both Time and Rate are numerically equal?

Question 14 :
Rahul lent ₹6,000 to Martin for 2 years and ₹1500 to Ali for 4 years and received altogether from both ₹900 as Simple Interest. What is the rate of interest?

Question 15 :
What is the Compound Interest on ₹6500 fr 2 years Compounded annually, the rate of interest being 5% per annum during the first year and 6% per annum during the second year?

Question 16 :
What is the Compound Interest on ₹20,000 at 12% per annum for 6 months Compounded Quarterly?

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