Compound Interest : Mathematics Objective Questions
1. Calculate the compound interest for Rs.1000 at 5% compound interest for 2 years.
a) Rs.102.50
b) Rs.105
c) Rs.109
d) Rs.109.25
2. Find the compound interest for Rs.1,000 at 10% for 11/2 years when interest is accounted at every six months.
a) Rs.1,150
b) Rs.1,158
c) Rs.160
d) Rs.167
3. A sum yields interest of Rs.3,783 in 3 years at 5% per annum of compound interest. What is the sum
a) Rs.8,000
b) Rs.10,800
c) Rs.24,000
d) Rs.10,000
4. A sum of Rs.16,400 is borrowed to be paid back in 2 years by equal payments allowing 5% compound interest. Find the annual payment.
a) Rs.8,820
b) Rs.7,600
c) Rs.7,620
d) Rs.8,620
5. Rs.800 at 5% per annum compound interest amounts to Rs.882. What is the period?
a) 3 years
b) 2 years
c) 4 years
d) 10 years
