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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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