Home » Compound Interest – Questions and Answers – Quiz 1Compound Interest – Questions and Answers – Quiz 1by VineetApril 17, 2016 1. A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is: Rs. 120 Rs. 121 Rs. 122 Rs. 1232. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is: 625 630 640 6503. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate? Rs. 2160 Rs. 3120 Rs. 3972 Rs. 62404. What is the difference between the compound interests on Rs. 5000 for 1(1/2)years at 4% per annum compounded yearly and half-yearly? Rs. 2.04 Rs. 3.06 Rs. 4.80 Rs. 8.305. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is: 2 2(1/ 2) 3 4 Score = Correct answers:<br /> Leave a Reply Cancel replyYour email address will not be published.CommentName Email Website