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AFCAT - Compound Interest Test 1253
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AFCAT - Compound Interest Test 1253

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  • Question 1/5
    1 / -0.33
    What does Rs. 700 amounts to in 2 years with compound interest at the rate of 6% in the first year and 12% in second year?
    Solutions

    Option D is correct.

  • Question 2/5
    1 / -0.33
    A sum becomes Rs. 4500 after two years and Rs. 6250 after four years at compound interest. The sum is –
    Solutions

    On dividing eq. (ii) by eq. (i), we get

    From equation (i)

    Hence, option A is correct.

  • Question 3/5
    1 / -0.33
    If a sum of Rs. 14500 is invested for 1 years at 16% per annum interest being compounded semi-annually, then interest earned is :
    Solutions

    Rate of interest = 8% per half-year

    Time = 2 half years

    Option D is the correct response.

  • Question 4/5
    1 / -0.33
    What would be the C.I. obtained on an amount of 12500 at the rate of 12 p.c.p.a. after 2 years ?
    Solutions

     3180 Rs.

  • Question 5/5
    1 / -0.33
    A sum of money invested at compound interest amounts to Rs. 900 in 3 years and to Rs. 990 in 4 years. The rate of interest per annum is –
    Solutions

    And,

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