1. Ram invested an amount of 15000 in a fixed deposit for 2 years at the compound interest rate of 6% per annum. How much will Ram get on the maturity of the fixed deposit? (A)
A. Rs.16854
B. Rs.16000
C. Rs.17000
D. Rs.17500
2. Find compound interest on Rs. 8000 at 5 % per annum for 3 years, compounded annually. (B)
A. Rs. 1250
B. Rs. 1261
C. Rs. 1200
D. Rs. 1150
3. A sum of money invested at compound interest amounts to Rs 800 in 3 years and to Rs 840 in 4 years. The rate of interest per annum is (A )
A. 25/4%
B. 10%
C. 25/2%
D. 8%
4. If the simple interest on a sum of money at 4 % per annum for 2 years is Rs. 400, find the compound interest on the same sum for the same period at the same rate. (B)
A. Rs. 400
B. Rs. 408
C. Rs. 450
D. Rs. 500
5. The difference between simple interest and compound interest on Rs.1200 for one year at 10 % per annum reckoned half yearly is (C)
A. Rs. 2.5
B. Rs. 3.75
C. Rs. 3
D. Rs. 4
