Quiz Question 1

A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

Quiz Question 2

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?

Quiz Question 3

Mr. Thomas invested an amount of Rs. 13,900 divided in two different schemes A and B at the simple interest rate of 14% p.a. and 11% p.a. respectively. If the total amount of simple interest earned in 2 years be Rs. 3508, what was the amount invested in Scheme B?

Quiz Question 4

What is the compound interest on Rs. 5,000 for 1 1/2years at 4 percent per annum according as the interest is compounded yearly?

Quiz Question 5

The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:

Quiz Question 6

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

Quiz Question 7

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

Quiz Question 8

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

Quiz Question 9

The principal amount that becomes Rs. 4913 in 3 years at interest rate of 25/4% per annum when interest is compounded annually is:

Quiz Question 10

What is the difference between compound interest and simple interest on Rs. 5,000 for 2 years at 4 per cent per annum according as the interest is compounded yearly?