B. 4%
C. 5%
D.
Answer: C
6. A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in?
A. 7 years
B. 10 years
C. 15 years
D. 20 years
Answer: C
7. The least number of complete years in which a sum of money put out at 20% C.I. will be more than doubled is?
A. 3
B. 4
C. 5
D. 6
Answer: B
8. What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest?
A. Rs. 550
B. Rs. 551.25
C. Rs. 560
D. Rs. 560.75
Answer: B
9. A sum of money is borrowed and paid back in two annual instalments of Rs. 882 each allowing 5% C.I. The sum borrowed was?
A. Rs. 1620
B. Rs. 1640
C. Rs. 1680
D. Rs. 1700
Answer: B
10. The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?
A. 8
B. 10
C. 12
D. Cannot be determined
Answer: A