for 11⁄2 years at 4% per annum compounded yearly and halfyearly?  
A. Rs. 2.04  B. Rs. 4.80 
C. Rs. 3.06  D. Rs. 8.30 
customer deposits Rs. 1600 each on 1st January and 1st July of a year.  
A. Rs. 120  B. Rs. 121 
C. Rs. 123  D. Rs. 122 
will be the compound interest of Rs. 14,000 after 3 years at the same rate?  
A. Rs.3794  B. Rs.3714 
C. Rs.4612  D. Rs.4634 
The period (in years) is:  
A. 1  B. 2 
C. 3  D. 3.5 
annually on a certain sum of money for 2 years at 4% per annum is  
A. Rs.600  B. Rs.645  
C. Rs.525  D. Rs.625  
6. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?  
A. 9%  B. 12%  
C. 8%  D. 6% 
7. If the simple interest on a sum of money for 2 years at 5% per annum  
A. Rs. 63.5  B. Rs. 62 
C. Rs. 61.5  D. Rs. 64 

8. The difference between simple interest and compound on Rs. 900 for one  
A. Rs. 3  B. Rs. 2.25 
C. Rs. 4.5  D. Rs. 4 

9. What will be the compound interest on a sum of Rs. 40,000 after 3 years  
A. Rs. 14705.24  B. Rs. 14602.25 
C. Rs. 14822.26  D. Rs. 14322.10 
10. At what rate of compound interest per annum will a sum of Rs. 1400  
A. 4%  B. 5% 
C. 6%  D. 8% 
Answers
1. (a) 2. (b) 3. (d) 4. (b) 5. (d)
6. (c) 7. (c) 8. (b) 9. (a) 10. (c)
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