Question : A deposited INR 1,56,250 at 8% simple interest for 2 years. How much more money will A have in his account at the end of two years, if at the same rate of interest, the sum is invested in compound interest, compounded annually?
Option 1: INR 1,740.90
Option 2: INR 1,000
Option 3: INR 2,000
Option 4: INR 1,540.40
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Correct Answer: INR 1,000
Solution : Principal Amount, $P$ = INR 156250 Rate of interest, $R$% = 8% Difference between Simple interest and Compound interest for 2 years = $P(\frac{R}{100})^2$ where $P$ is principal, $R$ is the rate of interest. Extra interest = Difference between Simple interest and Compound interest for 2 years = $156250\times (\frac{8}{100})^2$ = INR 1000 Hence, the correct answer is INR 1,000.
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Question : A certain sum was invested at the rate of 10% for 2 years at Compound interest and compounded annually. The same sum was invested for the same period and the same rate of interest at Simple interest. If the difference between Compound interest and Simple interest was Rs. 200 find the sum.
Option 1: Rs. 30,000
Option 2: Rs. 25,000
Option 3: Rs. 22,000
Option 4: Rs. 20,000
Question : The compound interest accrued on a sum of INR 20,000 at the end of 2 years compounded annually is INR 2,050. Find the compound interest at the end of the 3rd year.
Option 1: INR 3,153.50
Option 2: INR 2852.50
Option 3: INR 3,152.50
Option 4: INR 3,154.50
Question : Radha deposited INR 1,60,000 at a 10% rate of Compound Interest per annum for two years. If the interest is compounded semi-annually, then what is the Compound Interest (in INR)?
Option 1: 16,400
Option 2: 34,481
Option 3: 74,256
Option 4: 33,600
Question : A sum of INR 10,000 was invested at a rate of 10% per annum for 2 years, compounded half-yearly. Find the compound interest.
Option 1: 2,151.0625
Option 2: 2,055
Option 3: 2,255
Option 4: 2,155.0625
Question : Compound interest on a certain sum of money invested for 1.5 years at the rate of 10% per annum, compounded half-yearly is INR 5,044. What is the sum?
Option 1: INR 32,000
Option 2: INR 37,044
Option 3: INR 33,000
Option 4: INR 22,000
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