__QUANT QUIZ-11 BASED ON__

__COMPOUND INTEREST__**1. A certain rate per annum, the simple interest on a sum of money for one year is Rs 260 and the compound interest on the same sum for 2 yrs is Rs 540.80.Find rate**

**a. 4%**

**b. 6%**

**c. 8%**

**d. 10%**

**2. A sum of Rs 10000 is borrowed at 8% p.a compounded annually which is paid back in 3 equal annual installments. What is the amount of each installment:**

**a. 3880.335**

**b.3550.534**

**c. 3900.504**

**d. none of these**

**3. Avnish invests an amount of Rs. 15,860 in the names of her three daughters A, B and C in such a way that they get the same interest after 2,3 and 4 yrs respectively. If the rate of simple interest is 5% p. a, then the ratio of the amount invested among A,B and C will be:**

**a. 5:10:12**

**b.**

**c. 6:7:8**

**d. 6:5:4**

**4. Mobile is available for Rs 2500 cash or Rs 520 cash down payments followed by 4 equal monthly installments. If the rate of interest charged is 25% per annum, calculate the monthly installment.**

**a. 520**

**b. 480**

**c. 550**

**d. none of these**

**5. A simple interest accrued on a sum of certain principal is Rs 2000 in 5 yrs at the rate of 4 p.c.p.a .What would be the compound interest accured on same principal at same rate in 2 yrs:**

**a. Rs 716**

**b. Rs 724**

**c. Rs 824**

**d. Rs 816**

**6. Ram deposits Rs 15600 in a fixed deposit at the rate of 10% per annum simple interest. After every second year, he adds his interest earnings to the principal. The interest at the end of 4**

^{th}year:**a. 1716**

**b. 1560**

**c. 3432**

**d. 1872**

**7. The difference between Simple interest and Compound Interest compounded every 6 months at the rate of 10% per annum at the end of two years is Rs 124.05.What is the sum:**

**a. 10000**

**b. 8000**

**c. 6000**

**d. none of these**

**8. ‘A’ borrowed a sum of money from ‘B’ at 8% Simple Interest for first 4 years; 10% for next 6 years and 12% for beyond 10 years. If he pays a total of Rs 12160 as interest only at the end of 15 years. How much money he borrow:**

**a. 12000**

**b. 9000**

**c. 8000**

**d. none of these**

**9. A certain rate % per annum Simple Interest becomes Rs 2100 in 2 years and Rs 2250 in 5 years .Find principal and Rate:**

**a. 2000, 2.5**

**b. 1800, 5%**

**c. 2000, 3%**

**d. none of these**

**10. What will be the difference in Simple interest and Compound interest at 10% on sum of Rs 1000 after 4 years:**

**a. 64.1**

**b.60.2**

**c.40.5**

**d. none of these**

**ANSWERS:**

**1.C, 2.A, 3.B, 4.A, 5.D, 6.D, 7.B, 8.C, 9.A, 10.A,**

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