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1. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:

3 | 4 | 5 | 6 |

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?

Rs. 8600 | Rs. 8620 | Rs. 8820 | None of these |

3. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?

Rs. 9000.30 | Rs. 9720 | Rs. 10123.20 | Rs. 10483.20 |

4. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period in years is:

2 | 2$ \dfrac{1}{2} $ | 3 | 4 |

5. Find the compound amount and compound interest on the principal Rs.20,000 borrowed at 6% compounded annually for 3 years.

3820.32 | 3080.23 | 1500.00 | 3100.32 |

6. Find the compound amount which would be obtained from the interest of Rs.2000 at 6% compounded quarterly for 5 years.

3256.97 | 2567.90 | 1693.17 | 2693.71 |

7. If the present value of my investment is $1,000 and the rate of interest is 6% compounded annually, what will the value be after 10 years?

$1,600 | $1,771.56 | $1,790.85 | $1,898.30 |

8. If the present value of my investment is $9,000 and the rate of interest is 3½% compounded annually, what will the value be after 4 years?

$10,176.87 | $10,260 | $10,324.27 | $10,327.71 |

9. Your goal is to have $2,000 in 6 years. The rate of interest is 10% compounded annually, so how much should you start with?

$800 | $1,026.32 | $1,116.79 | $1,128.95 |

10. Your goal is to have $3,500 in 10 years. The rate of interest is 3% compounded annually, so how much should you start with?

$2,126.16 | $2,450 | $2,604.33 | $2,629.60 |

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