S.I & C.I Quiz 1

Question 1

Time: 00:00:00

Find the difference between simple interest and compound on Rs. 8000 for two years at 4% per annum reckoned quarterly

Rs. 22.85

Rs. 23.64

Rs. 18.90

Rs. 50.97

Question 2

Time: 00:00:00

Find the difference between compound interest on Rs.10000 on an interest rate of 10% for 3 years and an interest rate of 15% for 2 years

Rs. 72

Rs. 100

Rs. 85

Rs. 68

Question 3

Time: 00:00:00

Calculate the compound interest on Rs 225 at an annual rate of 10 % for 2 years and 6 months?

Rs. 60.86

Rs. 71

Rs. 102.55

Rs. 68.53

Question 4

Time: 00:00:00

Find the difference between simple interest on Rs.5000 on an interest rate of 10% for 3 years and an interest rate of 15% for 2 years

Zero

62.98

70

None of the above

Question 5

Time: 00:00:00

Find the difference between compound interest and simple interest on Rs 100 at 8% P.a for 3 years

Rs.3.67

Rs.5.77

Rs.1.97

Cannot be determined

Question 6

Time: 00:00:00

Find the compound interest on Rs. 15000 at 24% per annum for 9 months, compounded quarterly

Rs. 3517.12

Rs. 2865.24

Rs. 7616.83

Cannot be determined

Question 7

Time: 00:00:00

What is the minimum number of complete years that are required such that money invested at 9.5% compound interest becomes more than double

8 years

16 years

11 years

5 years

Question 8

Time: 00:00:00

Messi and Ronaldo divide Rs. 1850 between them, so that the interest of Messi after 4 years is equal to the interest of Ronaldo after 6 years, the interest being compounded at 5% per annum. Find Messi’s share

Rs. 8763.8

Rs. 2156.6

Rs. 1451.7

Rs. 1132.3

Question 9

Time: 00:00:00

Shahrukh’s salary was 3600 three years back. It is 4800 right now. What will be the salary after three years, if the rate of growth of population has been constant over the years and has been compounding annually?

Rs. 5180

Rs. 7200

Rs. 6400

Rs. 10000

Question 10

Time: 00:00:00

Ratan Tata invested Rs.15000 at 20% p.a. compound interest, interest being compounded annually. Find the Final amount after 3 years

Rs. 35137

Rs. 64892

Rs. 28471

Rs. 25920

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