Class VIII

The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:
  1. . 2
  2. 2 1 2
  3. 3
  4. 4
Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit?
  1. Rs. 8600
  2. Rs. 8620
  3. Rs. 8820
  4. None of these
The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:
  1. Rs. 400
  2. Rs. 500
  3. Rs. 600
  4. Rs. 800
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
The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
  1. 6.06%
  2. 6.07%
  3. 6.08%
  4. 6.09%
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