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Quantitative Aptitude Objective Questions { Compound Interest }



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
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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
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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
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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
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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
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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
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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%
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