1. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 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.Rs. 120

B.Rs. 121

C.Rs. 122

D.Rs. 123

2. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

A.625

B.630

C.640

D.650

3. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

A.Rs. 2160

B.Rs. 3120

C.Rs. 3972

D.None of these

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

A.Rs. 2.04

B.Rs. 3.06

C.Rs. 4.80

D.Rs. 8.30

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

A.2

B.3

C.4

D.None of these

6. 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.?

A.Rs. 9000.30

B.Rs. 9720

C.Rs. 10123.20

D.Rs. 10483.20

7. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?

A.6%

B.6.5%

C.7%

D.7.5%

Page **1** of **4**