How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

Related Mcqs:

1. A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

   A. Rs.4000
   B. Rs.1000
   C. Rs.1250
   D. Rs.2000

2. What is the difference between the compound interest on Rs.12000 at 20% p.a. for one year when compounded yearly and half yearly?

   A. Rs.140
   B. Rs.120
   C. Rs.130
   D. Rs.110
   E. None of these.

3. 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

4. Jameel invested an amount of Rs.17400 for two years. Find the rate of compound interest that will fetch him an amount of Rs.1783.50 at the end of two years?

   A. 8% p.a.
   B. 6% p.a.
   C. 4% p.a.
   D. 5% p.a.
   E. None of these

5. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

   A. Rs. 1550
   B. Rs. 1650
   C. Rs. 1750
   D. Rs. 2000

6. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is________?

   A. 6.06%
   B. 6.07%
   C. 6.08%
   D. 6.09%

7. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is:_______?

   A. Rs 6.06%
   B. Rs 6.07%
   C. Rs 6.08%
   D. Rs 6.09%

8. 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

9. What is the difference between the C.I. on Rs. 5000 for 1 1/2 years at 4% per annum compounded yearly and half-yearly?

   A. Rs. 2.04
   B. Rs. 3.06
   C. Rs. 4.80
   D. Rs. 8.30

10. A sum of Rs.4800 is invested at a compound interest for three years, the rate of interest being 10% p.a., 20% p.a. and 25% p.a. for the 1st, 2nd and the 3rd years respectively. Find the interest received at the end of the three years.

    A. Rs.2520
    B. Rs.3120
    C. Rs.3320
    D. Rs.2760
    E. None of these