1. Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. (b)
(a) Rs. 610
(b) Rs. 612
(c) Rs. 614
(d) Rs. 616
2. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years (d)
(a) 3%
(b) 4%
(c) 5%
(d) 6%
3. In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually (b)
(a) 2 Years
(b) 3 Years
(c) 4 Years
(d) 5 Years
4. Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will be (a)
(a) 6.09%
(b) 6.10%
(c) 6.12%
(d) 6.14%
5. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is (b)
(a) Rs 155.25
(b) Rs 156.25
(c) Rs 157.25
(d) Rs 158.25