1. A certain amount of money at R%, compounded annually becomes Rs. 1440 and Rs. 1728 respectively after two and three years, find value of R: (4)
- 1. 5%
- 2. 10%
- 3. 15%
- 4. 20%
- 5. 25%
2. The population of a city increases at the rate of 5%. p.a. If the present population of the city is 185220, then what was its population 3 years ago? (3)
- 1. 181500
- 2. 183433
- 3. 160000
- 4. 127783
- 5. 165450
3. On a certain sum of money, the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is (3)
- 1. 6.07%
- 2. 10%
- 3. 9%
- 4. 12.15%
- 5. 13%
4. The effective annual rate of interest, corresponding to a nominal rate of 6% per annum payable half yearly, is: (4)
- 1. 6.06%
- 2. 6.07%
- 3. 6.08%
- 4. 6.09%
- 5. 7.09%
5. The compound interest on a sum of money at 5% per annum for 3 years is Rs. 2522. What would be the simple interest on this sum at the same rate and for the same period? (2)
- 1. Rs. 2500
- 2. Rs. 2400
- 3. Rs. 2450
- 4. Rs. 2350
- 5. Rs. 2640