A. Rs.8000
B. Rs.8400
C. Rs.7500
D. None

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

A. Rs.1261
B. Rs.9261
C. Rs.9621
D. Rs.9162

### Solution

A = 8000(21/20)3 = 9261

## Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

A. Rs.81000
B. Rs.80000
C. Rs.75000
D. Rs.64000

64000* 9/8 * 9/8 = 81000

A. Rs.635.50
B. Rs.613.50
C. Rs.675.50
D. Rs.653.50

A. Rs.10
B. Rs.2
C. Rs.5
D. Rs.3

1250 = D(100/4)2
D = 2

A. 8500
B. 8000
C. 8100
D. 8400

## How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

A. Rs.482
B. Rs.424
C. Rs.842
D. Rs.512

20000(11/10)4 – 20000(6/5)2 = 482

## A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

A. Rs.2205
B. Rs.2200
C. Rs.2160
D. Rs.2040

A = 2000(21/20)2 = 2205

## A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

A. Rs.150
B. Rs.140
C. Rs.130
D. Data insufficient for the answer

A. 10
B. 11
C. 10.25
D. 10.15