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CLAT 2022 Free Study Plan: Compound Interest Quiz II 26.04.2021

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Question 1

What will be effective annual rate of interest corresponding to nominal rate of 10% per annum compounded half-yearly?

Question 2

A certain sum amounts to Rs. 280900 in 2 years at 6% per annum, interest compounded annually. The sum is:

Question 3

The simple interest on a sum of money for 3 years at an interest rate of 6% p.a. is Rs 6,750. What will be the compound interest rounded off on the same rate for the same period, compounded annually is closest to:

Question 4

John borrowed a sum of Rs. 11,000 from Bank at 10% p.a compounded annually. Find the difference between the compound interest for 4th year and 5th year.

Question 5

The compound interest on a certain sum at 10% p.a. for  years is Rs. 1201.60, interest compounded yearly. The sum is :

Question 6

What will be the compound interest on a sum of Rs 100 for 1 year at 20% per annum compounded interest, compounded semi-annually?

Question 7

Find the amount when Rs. 1000 is deposited at 10% compound interest for 2 years, compounded annually.

Question 8

A sum of Rs. X is deposited at 20% compound interest for 1 year, compounded annually. The amount obtained after 1 year is Rs. 5400. Find the value of X.

Question 9

A sum of Rs. 500 becomes Rs. 1500 at R% compound interest, compounded annually for 2 years. Find the approximate value of R.

Question 10

Find the time period for which a sum of Rs. 500 becomes Rs. 600 at 20% compound interest, compounded annually.
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Jun 17CLAT UG