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1. A man saves Rs 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years.
1. Rs 662
2. Rs 662.01
3. Rs 662.02
4. Rs 662.03
5. None of these

2. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quarterly
1. Rs 2520
2. Rs 2521
3. Rs 2522
4. Rs 2523
5. None of these

3. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years
1. 3%
2. 4%
3. 5%
4. 6%
5. None of these

4. 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
1. Rs 1650
2. Rs 1750
3. Rs 1850
4. Rs 1950
5. None of these

5. What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years
1. Rs 62.10
2. Rs 63.10
3. Rs 64.10
4. Rs 65.10
5. None of these

6. The simple interest on a certain sum for 8 months at 4% per annum is Rs. 129 less than the simple interest on the same sum for 15 months at 5% per annum. The sum is:
1. Rs. 2580
2. Rs. 2400
3. Rs. 2529
4. Rs. 3600
5. None of these

7. A person deposited Rs. 400 for 2 years, Rs. 550 for 4 years and Rs. 1,200 for 6 years. He received the total simple interest of Rs. 1,020. The rate of interest per annum is ?
1. 10%
2.  5%
3. 15%
4. 20%
5. None of these

8. A sum of money becomes 7/6 of itself in 3 years at a certain rate of simple interest. The rate per annum is?
1. 5 5/9%
2. 6 5/9%
3. 18%
4. 25%
5. None of these

9. At what rate per cent per annum will the simple interest on a sum of money be 2/5 of the amount in 10 years?
1. 4
2. 6
3 5 2/3
4. 6 2/3
5. None of these

10. Simple interest on a certain sum for 6 years is 9/25 of the sum. The rate of interest is ?
1. 6%
2. 6 1/2%
3. 8%
4. 8 1/2%
5. None of these

Solution
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