# General Questions

1.  What is the difference between the compound interest on ₹ 5000 for 1.5 years at 4% per annum compounded yearly and half-yearly?

 A. ₹ 2.04 B. ₹ 3.06 C. ₹ 4.80 D. ₹ 8.30
2.  Albert invested an amount of ₹ 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?

 A. ₹ 8600 B. ₹ 8620 C. ₹ 8800 D. ₹ 8820 E. None of these
3.  A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits ₹ 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:

 A. ₹ 120 B. ₹ 121 C. ₹ 122 D. ₹ 123
4.  Find the compound interest on ₹ 15,625 for 9 months at 16% per annum compounded quarterly.

 A. ₹ 1851 B. ₹ 1941 C. ₹ 1951 D. ₹ 1961
5.  Sam invested ₹ 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Sam at the end of the year will be:

 A. ₹ 16,500 B. ₹ 16,525.50 C. ₹ 16,537.50 D. ₹ 18,150 E. None of these
6.  The difference between simple interest and compound interest on ₹ 1200 for one year at 10% per annum reckoned half-yearly is:

 A. ₹ 2.50 B. ₹ 3 C. ₹ 3.75 D. ₹ 4 E. None of these
7.  The compound interest on a certain sum for 2 years at 10% per annum is ₹ 525. The simple interest on the same sum for double the time at half the rate percent per annum is:

 A. ₹ 400 B. ₹ 500 C. ₹ 600 D. ₹ 800
8.  What will be the difference between simple and compound interest @ 10% per annum on a sum of ₹ 1000 after 4 year?

 A. ₹ 31 B. ₹ 32.10 C. ₹ 40.40 D. ₹ 64.10 E. None of these
9.  What will be compound interest on a sum of ₹ 25000 after 3 years at the rate of 12 p. c. p. a ?

 A. ₹ 9000.30 B. ₹ 9720 C. ₹ 10123.20 D. ₹ 10483.20 E. None of these
10.  A sum of money is borrowed and paid back in two annual instalments of ₹ 882 each allowing 5% compound interest. The sum borrowed was:

 A. ₹ 1620 B. ₹ 1640 C. ₹ 1680 D. ₹ 1700