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: (2)
- Rs. 120
- Rs. 121
- Rs. 122
- 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 R1. The sum (in Rs.) is: (1)
- 625
- 630
- 640
- 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? (3)
- Rs. 2160
- Rs. 3120
- Rs. 3972
- Rs. 6240
- 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? (1)
- Rs. 2.04
- Rs. 3.06
- Rs. 4.80
- Rs. 8.30
5. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.p.? (3)
- Rs. 9000.30
- Rs. 9720
- Rs. 10123.20
- Rs. 10483.20
- None of these