The time periods and rate for a sum taken at 8% p.a. for 
years compounded half yearly are
(a) n = 3, R = 4%
(b) n = 6, R = 2%
(c) n = 3, R = 2%
(d) n = 6, R = 4%
Solution:
If ₹12000 taken for 2 years at 4% per annum compounded quarterly, then time period and rate is
(a) n = 2, R = 16%
(b) n = 4, R = 1 %
(c) n = 8, R = 1%
(d) n = 8, R = 16%
Solution:
If the number of conversion periods ≥ 2, then compound interest is
(a) less than or equal to the simple interest
(b) greater than or equal to the simple interest
(c) less than simple interest
(d) greater than simple interest
Solution:
More Solutions:
- Calculate the amount and the compound interest on Rs.5000
- Calculate the amount and compound interest
- Find the difference between the simple interest and compound interest
- Kamla borrowed ₹26400 from a Bank to buy a scooter
- Mukesh borrowed 775000 from a bank
- What sum of money will amount to ₹9261 in 3 years
- In what time will ₹15625 amount to ₹ 17576 at 4% p.a