1. Prashant makes a fixed deposit of 20,000 with the State Bank of India for a period of 3 years. If the rate of interest be 13% SI per annum charged half-yearly, what amount will he get after 42 months?
(a) 27,800
(b) 28,100
(c) 29,100
(d) 28,500
2. Ranjeet makes a deposit of 50,000 in the Punjab National Bank for a period of years. If the rate of interest is 12% per annum compounded half-yearly, find the maturity value of the money deposited by him.
(a) 66,911.27
(b) 66,123.34
(c) 67,925.95
(d) 65,550.8
3. Vinod makes a deposit of 100,000 in Syndicate Bank for a period of 2 years. If the rate of interest be 12% per annum compounded half-yearly, what amount will he get after 2 years?
(a) 122,247.89
(b) 125,436.79
(c) 126,247.69
(d) 122436.89
4. What will be the simple interest on 700 at 9% per annum for the period from February 5, 1994
to April 18, 1994?
(a) 12.60
(b) 11.30
(c) 15
(d) 13
5. Ajay borrows 1500 from two moneylenders. He pays interest at the rate of 12% per annum for one loan and at the rate of 14% per annum for the other. The total interest he pays for the entire year is 186. How much does he borrow at the rate of 12%?
(a) 1200
(b) 1300
(c) 1400
(d) 300
6. A sum was invested at simple interest at a certain interest for 2 years. It would have fetched 60 more had it been invested at 2% higher rate. What was the sum?
(a) 1500
(b) 1300
(c) 2500
(d) 1000
7. The difference between simple and compound interest on a sum of money at 5% per annum is 25. What is the sum?
(a) 5000
(b) 10,000
(c) 4000
(d) Data insufficient
8. A sum of money is borrowed and paid back in two equal annual instalments of 882, allowing 5% compound interest. The sum borrowed was
(a) 1640
(b) 1680
(c) 1620
(d) 1700
9. Two equal sums were borrowed at 8% simple interest per annum for 2 years and 3 years respectively. The difference in the interest was 56. The sum borrowed were
(a) 690
(b) 700
(c) 740
(d) 780
10. In what time will the simple interest on 1750 at 9% per annum be the same as that on 2500 at 10.5% per annum in 4 years?
(a) 6 years and 8 months
(b) 7 years and 3 months
(c) 6 years
(d) 7 years and 6 months
Answers:-
1. (c)
2. (a)
3. (c)
4. (a)
5. (a)
6. (a)
7. (d)
8. (a)
9. (b)
10. (a)
