Interest Quiz Solve these questions

1. A sum of money becomes Rs.6690 after three years and Rs.10,035 after 6 years on compound interest. The sum is :

a. Rs.4400

b. Rs.4445

c. Rs.4460

d. Rs.4520

e. Rs.4978

2. Rs.1600 at 10% per annum compound interest compound half-yearly amount to Rs.1944.81  in 

a. 2 years

b. 3 years

c..1.5years

d. 2.5 years

e. 3 years

3.A sum of money amounts to Rs.10648 in 3 years and Rs.9680 in 2 years. The rate of interest is :

a. 5% 

b. 10%

c. 15%

d. 20%

e. 18%

4.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:

a.625

b.640

c.655

d.670

5.There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate?

a.2160

b.3970

c.3972

d.4002

Answers

1. C

2.  A

3. B

4. A

5. C