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Compound Interest



mcqs by everyone

Find the compound interest on Rs. 16,000 at 20% per annum for 9 months, compounded quarterly


The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is


What is the rate of compound interest?
I. The principal was invested for 4years.
II. The earned interest was Rs. 1491


Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of twoyears.
(Round off your answer to nearest integer)


Find the
C.
I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly


A retirement benefit of $12,000 is to be paid every 6 months for 25 years at interest rate of 7% compounded semi-annually.
Find
(a) the present value to fund the end-of-period retirement benefit
(b) the end-of-period semi-annual payment needed to accumulate  the value in part
(a) assuming regular investments for 30 years in an account yielding 8% compounded semi-annually


Kramer borrowed $4000 from George at an interest rate of 7% compoundedsemiannually.
The loan is to be repaid by threepayments.
The first payment, $1000, is due two years after the date of theloan.
The second and third payments are due three and five years, respectively, after the initialloan.
Calculate the amounts of the second and third payments if the second payment is to be twice the size of the third payment


The difference between simple interest and compound interest at the same rate for Rs.5000 for 2 years is Rs. 72. The rate of interest is


The difference between the compound interest and the simple interest on a certain sum at 12% p.a. for two years is Rs.90. What will be the value of the amount at the end of 3 years


Find the effective rate of interest for an investment that earns 5 1/2% per year, compounded continuously


A chartered bank offers a five-year Escalator Guaranteed InvestmentCertificate.
In successive years it pays annual interest rates of 4%, 4.5%, 5%, 5.5%, and 6%, respectively, compounded at the end of eachyear.
The bank also offers regular five-year GICs paying a fixed rate of 5% compoundedannually.
Calculate and compare the maturity values of $1000 invested in each type ofGIC.
(Note that 5% is the average of the five successive one-year rates paid on the EscalatorGIC.
)


Rs 1000 is being  charged at 50% perannum.
what is the interest for 3rd year at compound interest


If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate


Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit


Find the
C.
I. on Rs. 15,625 for 9 months at 16% per annum compounded quarterly


The difference between compound interest and simple interest at the same rate on Rs 5000 for 2 years is Rs 72. The rate of interest per annum is


Simon deposits $400 in an account that pays 3% interest compoundedannually.
What is the balance of Simon’s account at the end of 2 years


The principal that amounts to Rs.4913 in 3 years at 413% per annum compound interest compounded annually is


Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly


Rajan borrowed Rs.4000 at 5% p.a compoundinterest.
After 2 years, he repaid Rs.2210 and after 2 more year, the balance withinterest.
What was the total amount that he paid as interest


What is the SI on Rs.2500/- at the rate of 12% per annum for 8 years


Other things being equal, would an investor prefer an interest rate of 10.5% compounded monthly or 11% compounded annually for a two-year investment


The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is


Find the sum lend at
C.
I. at 5 p.c per annum will amount to Rs.441 in 2 years


A certain sum is invested for 2 years in scheme M at 20% p.a. compound interest
(compounded annually), Same sum is also invested for the same period in scheme N at k% p.a. simpleinterest.
The interest earned from scheme M is twice of that earned from scheme N. What is the value of k


A sum of Rs. 8,000 is deposited for 3 years at 5% per annum compound interest
(compounded annually). The difference of interest for 3 years and 2 years will be


The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs. ) is


Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly


Payments of $2000 and $1000 were originally scheduled to be paid one year and five years, respectively, fromtoday.
They are to be replaced by a $1500 payment due four years from today, and another payment due two years fromtoday.
The replacement stream must be economically equivalent to the scheduledstream.
What is the unknown payment, if money can earn 7% compounded semiannually


A $1000 face value Series S50 compound interest Canada Savings Bond
(CSB) was presented to a credit union branch forredemption.
What amount did the owner receive if the redemption was requested on:January 17, 2001