QUANT QUIZ BASED ON COMPOUND INTEREST

Dear SA'ians,

  Here we are providing QUANTITATIVE QUIZ Based on COMPOUND INTEREST (Basic level) that will help you to revise that topic for upcoming Exams.

1. Find compound interest  for Rs 6400 in 2 years at the rate of interest  7 ½ % per annum.
(A) 1016
(B) 996
(C) 976            
(D) 966

2. Find the compound of 20000 for 2 years and 73 days, at 10% per annum.
(A) 5084
(B) 6484
(C) 6420
(D) 6000

3. Ramesh lend  27000 in two parts, at 8% and 9% per annum compound interest respectively. If he receive interest  4560 after 2 years. Then find the part, which was given on 8%.
(A) 12000
(B) 13500
(C) 15000
(D) none of these

4. Find the compound interest of  2000 for 2 years, if the rate of interest is 4% for first year and 3% for second year.
(A) 142.40
(B) 140.40
(C) 141.40
(D) 143.40

5. What sum of money will become  1352 in 2 years at 4% per annum compound interest?
(A) 1200
(B) 1225
(C) 1250
(D) 1300


6. Compound interest is  252.20 for 3 years at 5% per annum of any amount. Find simple interest of same amount, for same year and same rate of interest.
(A)  220
(B)  240
(C)  245
(D)  250

7. A certain sum amount to  5832 in 2 years at 8% per annum compound interest the sum is:
(A) 5000
(B) 5200
(C) 5280
(D) 5400

8. At what time the compound interest of 30000 will become 4347 at the rate 7% per annum compounded ?
(A) 2 years
(B) 2 ½ years
(C) 3 years
(D) 4 years

9. In what time will  10000 amount to 13310 at 20% per annum compounded half yearly?
(A) 1 ½ years
(B) 2 years
(C) 2 ½  years
(D) 3 years

10. In what time  8000 will amount to  9261 at 10% per annum compound interest when the interest is compounded half yearly?
(A) 3 ½ years
(B) 1 ½ years
(C) 2 ½ years
(D) 2 years

ANSWERS WILL BE PROVIDED SOON...!!!!