Class VIII The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is: . 2 2 1 2 3 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? Rs. 8600 Rs. 8620 Rs. 8820 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: Rs. 400 Rs. 500 Rs. 600 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: 3 4 5 6 The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: 6.06% 6.07% 6.08% 6.09% Do you really want to submit this quiz? Cancel Submit Quiz