A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

Related Mcqs:

1. A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is_________?

   A. Rs 4500
   B. Rs 5000
   C. Rs 5500
   D. Rs 6000

2. An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes :_________?

   A. 10%
   B. 10.25%
   C. 10.50%
   D. None of these

3. Ameen started a business investing Rs. 70,000. Rahim joined him after six months with an amount of Rs. 1,05,000 and sameer joined them with Rs. 1.4 lakhs after another six months. The amount of profit earned should be distributed in what ratio among Ameen, Rahim and Sameer respectively, 3 years after Ameen started the business?

   A. 7:6:10
   B. 12:15:16
   C. 42:45:56
   D. Cannot be determined
   E. None of these

4. An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded every six months?

   A. 7401.22
   B. 3456
   C. 4567
   D. 7890

5. A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

   A. 3.46%
   B. 4.5%
   C. 5%
   D. 6%

6. Find the amount on Rs.8000 in 9 months at 20% per annum, if the interest being compounded quarterly?

   A. Rs.1261
   B. Rs.9261
   C. Rs.9621
   D. Rs.9162

7. The simple interest on Rs.12000 at a certain rate of interest in five years is Rs.7200. Find the compound interest on the same amount for five years at the same rate of interest.

   A. Rs.3502.80
   B. Rs.3052.40
   C. Rs.3054.8
   D. Rs.3052.80
   E. None of these

8. A, B and C enter into partnership. A invests some money at the beginning, B invests double the amount after 6 months, and C invests thrice the amount after 8 months. If the annual gain be Rs.18000. A’s share is?

   A. Rs.7500
   B. Rs.7200
   C. Rs.6000
   D. Rs.5750

9. Find the Compound Interest on Rs. 15,625 for 9 months at 16% per annum compounded quarterly?

   A. Rs. 1851
   B. Rs. 1941
   C. Rs. 1951
   D. Rs. 1961

10. The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:__________?

    A. Rs 2518
    B. Rs 2520
    C. Rs 2522
    D. Rs 2524