Class VIII

The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
  1. 3
  2. 4
  3. 5
  4. 6
What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
  1. Rs. 9000.30
  2. . Rs. 9720
  3. Rs. 10123.20
  4. Rs. 10483.20
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 ?
  1. Rs. 2160
  2. Rs. 3120
  3. Rs. 3972
  4. Rs. 6240
A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
  1. Rs. 120
  2. Rs. 121
  3. Rs. 122
  4. Rs. 123
At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
  1. 6%
  2. 6.5%
  3. 7%
  4. 7.5%
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