Mathematics MCQs — Test 29
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Question 1
The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?
Question 2
A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be_________?
Question 3
The difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is_________?
Question 4
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:_______?
Question 5
At what rate of interest will be Rs 20000 becomes Rs 24200 after 2 years when interest is compounded annually?
Question 6
The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is:___________?
Question 7
Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?
Question 8
If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
Question 9
The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________?
Question 10
The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?