COMPOUND INTEREST MCQ SET 9
1. A sum of Rs.10,000 is invested for 17 months at 8% per annum compounded half yearly . What is the percentage gain at the end of 17 month , nearest to one decimal place?
(a) 12.0%
(b) 12.2%
(c) 12.4%
(d) 11.8%
Answer: D
2. Find the amount (integral value only) if a sum of Rs.6,500 is being borrowed at 10% interest per annum for 2 years if interest is compounded half – yearly .
(a) Rs.7,900
(b) Rs.8,150
(c) Rs.8,250
(d) Rs.7,650
Answer: A
3. A sum of Rs.1200 is invested at compound interest (compounded half yearly) . If the rate of interest is 10% per annum , then what will be the amount after 18 months?
(a) Rs.1,389.15
(b) Rs.1,185.45
(c) Rs.1,563.25
(d) Rs.1,295.35
Answer: A
4. If the rate of compound interest , compounded half – yearly , is 20% per annum , then calculate the interest to be paid on Rs.100000 for 2 years .
(a) Rs.46,410
(b) Rs.44,000
(c) Rs.21,000
(d) Rs.33,100
Answer: A
5. What is the effective rate of interest corresponding to a rate of 10% per annum compounded half – yearly ?
(a) 10.75%
(b) 10.5%
(c) 10%
(d) 10.25%
Answer: D
6. What is the difference between the compound interest on Rs.10000 for 2 years at 20% per annum when the interest are compounded half yearly and yearly?
(a) Rs.440
(b) Rs.241
(c) Rs.441
(d) Rs.240
Answer: B
7. What is the difference between the compound interest (in Rs.) compounded yearly and compounded half – yearly for 18 months at 20% per annum on a sum Rs.12,000?
(a) 145
(b) 165
(c) 121
(d) 132
ย Answer: D
8. The difference in the compound interest on a certain sum at 10% p.a. for one year , when the interest is compounded half yearly and yearly is Rs.88.80 . What is the simple interest on this same sum for 1 2/3 years at the same rate?
(a) Rs.5,916
(b) Rs.5,986
(c) Rs.5,980
(d) Rs.5,920
Answer: D
9. What will be the difference in compound interest on a sum of Rs.7,800 at 8% for 1 year , when the interest is paid yearly and half yearly?
(a) Rs.24.72
(b) Rs.12.48
(c) Rs.29.18
(d) Rs.19.46
Answer: B
10. A certain sum amounts to Rs.15,500 in 2 years at 12% p.a. simple interest . The same sum will amount to what in 1ยฝ years at 10% p.a. , if the interest is compounded half yearly (nearest to Rs.1)?
(a) Rs.14,470
(b) Rs.13,460
(c) Rs.14,360
(d) Rs.15,125
Answer: A
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