What is the compound interest on a sum of Rs 2500 for 2 years at 10% per annum compounded annually?

Multiple Choice Questions

1.

Find the amount which Shyam will get on ₹ 4096, if he gave it for 18 months at

• ₹ 5813

• ₹ 4515

• ₹ 4913

• ₹ 4913

C.

₹ 4913

Here, P = ₹ 4096,  R = 

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2.

A sum of ₹ 1,200/- is lent to be paid back in 5 equal annual instalments of ₹ 264 each. The rate of interest per annum is

• 6%

• 8%

• 2%

• 2%

C.

2%

Total interest  = 264 x 5 - 1200 = 1320 - 1200 = ₹120/-
Interest of 1 year = 

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3.

The difference between compound and simple interests on Rs. 5,000 for two years at the same rate is Rs. 72. The rate of interest per annum is

• 15%

• 12%

• 10%

• 10%

B.

12%

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4.A sum amounts to Rs. 2,916 in 2 years and to Rs. 3,149.28 in 3 years at same rate of compound interest. The sum isRs. 2500Rs. 2400Rs. 2250Rs. 2250

A.

Rs. 2500

Interest  = 3,149.28 - 2,916 = 233.28
 

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5.

The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is

• 30000

• 30300

• 3000

• 3000

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6.

The compound interest on ₹ 1800 at 10% per annum for a certain period of time is ₹ 378. Find the time (in yr).

• 2.8

• 3.0

• 2.5

• 2.5

D.

2.5

P = ₹ 1800, R = 10%,  and CI = ₹ 378,  Time(t) = n.
By formula,
            

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7.

At what per cent per annum of compound interest, compounded annually, will a sum of money become 16 times of itself in 4 years?

• 400%

• 200%

• 125%

• 125%

D.

125%

Let the principal be Rs. 100
∴  Amount will be Rs. 1600
  Time(n)  = 4 years

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8.

Rs. 3903 is to be divided between A and B so that A's share at the end of 7 years may be equal to B's share at the end of 9 years, at 4% per annum compound interest. The present share of B is

• Rs. 2,218

• Rs. 2,028

• Rs. 1,875

• Rs. 1,875

C.

Rs. 1,875

Let B's present share  = Rs. x.

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9.

The time, in which Rs.2,000 will amount to Rs. 2,420 at 10% per annum compound interest, when the interest is compounded annually is,

• 5 years

• 2 years

• 3 years

• 3 years

B.

2 years

Shortcut Method:
Go with option,

Detailed Method:

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10.

There is 75% increase in an amount in 5 years at simple interest. What will be the compound interest of ₹ 40,000/- after 2 years at the same rate?

• ₹ 25,800/-

• ₹ 32,250/-

• ₹ 12,900/-

• ₹ 19,350/-

C.

₹ 12,900/-

Rate of interest  = 

What is the compound interest on Rs 2500 for 2 years at rate of interest 10% per annum?

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