1). A sum of money invested at compound interest amount in three years to Rs. 2400 and in four years to Rs. 2520. The interest rate per annum is :
a) 5% b)6% c) 10% d) 12%
2) A certain sum of money amounts to Rs 640 after 2 years and Rs 720 after 3 years . How much will it amount to after 4 years ?
a) 760 b) 800 c) 810 d) 825
3) A man borrows Rs 820 and undertakes to pay back with compound interest @ 5% p.a in two equal yearly instalment at the end of 1st and 2nd year. What is the amount of each instalment ?
a) 400 b) 422 c) 441 d) 450
4) If compound interest on a certain sum for 3 years at 20% is Rs. 728, find simple interest for the same sum for 3 years .
a) 600 b) 650 c) 700 d) 750
5) A person lent out a certain sum on simple interest and the same sum on compound interest . If the ratio between the difference of C.I and S.I for 3 years and 2 years is 25:8 respectively . Find the rate of interest .
a) 8% b) 10% c) 12.5% d) 14%
Answer :
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1) a
2) c
3) c
4) a
5) c
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