Revision test 2
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QUESTION
- At what rate of simple interest will $1000 amount to $1200 in 2
years?
2 points
Mark only one oval.
8%
10%
9%
7.5%
- What sum of money will amount to $5200 in 6 years at the same
rate of interest at which $1706 amount to $3412 in 20 years at SI
2 points
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3900
3800
4000
4400
- Compute compound interest on Rs. 2500 for 1 year at 12%
compounded six monthly
2 points
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309
390
300
290
- In what time will a sum of money double itself at 5% p.a C.I
2 points
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12yrs
15.6 yrs
14.2yrs
10yrs
- Effective rate of interest does not contains
2 points
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Principal
Rate of interest
Nominal interest
No.of time period
- Compound interest =
2 points
Mark only one oval.
Principal – interest
Amount – payment period
Amount – principal
None
- Divide Rs.2760 in two parts such that simple interest on one part
at 10% p.a for 2 years is equal to the simple interest on the other
part at 12.5% p.a for 3 years
2 points
Mark only one oval.
1900,860
1800,960
1600,1160
1430,1330
- The S.I on a sum of money at 8% p.a for 6 year is half the sum.
Then the sum is
2 points
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720
640
380
470
- Due to fall in the rate of interest from 12% to 10.5 % p.a money
lender’s yearly income diminished by Rs. 90 , then the capital is
2 points
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7200
6000
11000
8000
- If I is the simple interest, R is the rate % p.a., T is the time period,
P being the principal,then I is expressed as
2 points
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I= 100 (PRT)
I=100/
I=PRT/
I = PRT
- Find the compound interest on 4,000 for 2 years at 5% p.a.
2 points
Mark only one oval.
400
410
415
405
- The simple interest (SI) on Rs. 100 at the rate of 5% p.a. for 5
years is
2 points
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Rs.10
Rs.5
Rs.1
Rs.25
- A person deposits Rs.2,000 at 6% p.a. simple interest for 3 years.
The amount he will get back after 3 years is
2 points
Mark only one oval.
Rs2300
Rs.2400
Rs.2360
Rs.2350
- Find the compound interest on 6400 for 2 years, compounded
annually at 7.5% per annum
2 points
Mark only one oval.
1006
996
1000
None of these
- Abhinav man invested 1/3 of his capital at 7%, 1/4 at 8% and the
remainder at 10%. If his annual income is 561, the capital is __
2 points
Mark only one oval.
6600
6400
5600
6200
- Find the simple interest and the amount on 2400 for 3 years 5
months and 15 days at the rate of 9%
2 points
Mark only one oval.
3284
3985
3147
3451
- The difference between compound interest and simple interest
on certain sum of money in 2 years at 4% per annum is 50. Find
the sum
2 points
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31250
30550
35400
25670
- Compute the compound interest on Rs.4000 for 1 year 6 months
at 10% per annum compounded half yearly
2 points
Mark only one oval.
640
630.5
671.8
430.5
- Rs. 5000 is in a term deposit scheme that fetches interest 6% per
annum compounded quarterly . What will be the effective rate of
interest ?
2 points
Mark only one oval.
6.25%
6.13%
6.27%
6.5%
- The annual birth and death rates per 1000 are 39.4 and 19.4
respectively. The number of years in which the population will be
doubled assuming ther is no immigration and emigration is
2 points
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35 years
30 years
25 years
None of these
- In a certain time Rs. 1200 becomes Rs. 1560 at 10% per annum
simple interest . Find the principal that will become Rs.2232 at 8%
per annum in the same time
2 points
Mark only one oval.
1200
1400
1600
1800
- At what rate of percent will be simple interest be equal to
principal amount in 10 years?
2 points
Mark only one oval.
12%
10%
15%
20%
- What is the present value of Rs. 1000 due in 2 years at 5%
compound interest , according as the interest paid yearly
2 points
Mark only one oval.
865.80
907.03
970.03
856.80
- What is the better investment 3% per year compounded monthly
or 3.2% per year simple interest?
2 points
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3% p.a compounded monthly
3.2% p.a simple interest
None of these
Both are same
- Calculate the amount on Rs. 4480 at 8% per annum for 3 years.
2 points
Mark only one oval.
Rs. 5555.20
Rs. 5545.20
Rs. 5000
Rs. 6555