1. If a sum of money is borrowed and returned in equal installments of Rs.882. Find the sum borrowed (c)
a. Rs. 1700
b. Rs. 1680
c. Rs. 1640
d. Rs.1620
2. The nominal rate of compound interest is 6%per annum paid half yearly. Find effective rate of interest : (a)
a. Rs. 6.09%
b. Rs. 6.08%
c. Rs. 6.07%
d. Rs. 6.06%
3. How much more would Rs. 20,000 fetch, after two years, if it is put at 20 % p.a. Compound interest payable half-yearly than if it is put at 20% p.a. compound interest payable yearly? (a)
a. Rs. 482
b. Rs. 424
c. Rs. 842
d. Rs. 512
4. If Raja paid total amount of Rs.324.48 after 2 years with compound interest at 4% per annum, then the principal amounts taken by Raja must be (a)
a. Rs.300
b. Rs.320
c. Rs.310
d. Rs.316
5. If the total amount interest earned after 2 years at the rate of 12%per annuals is Rs.228.96, then the principal amount is (d)
a. 1,200
b. 1,100
c. 1,000
d. 900
