(1) A bank offers 4% compound interest calculated on a half-yearly basis. A customer deposits Rs. 1500 each on 1st January and 1st July of a year. At the end of the year, what would be the total amount of interest gained by the customer?
- (a) Rs. 89
- (b) Rs. 91
- (c) Rs. 90.60
- (d) Rs. 92
(2) A bank offers 3.5% compound interest calculated on a half-yearly basis. A customer deposits Rs. 2000 each on 7th January and 7th July of a year. At the end of the year, what would be the total amount of interest gained by the customer?
- (a) Rs. 104
- (b) Rs. 105.61
- (c) Rs. 106
- (d) Rs. 107
(3) A bank offers 5% compound interest calculated on a quarterly basis. A customer deposits Rs. 1200 each on 4th January and 4th July of a year. At the end of the year, what would be the total amount of interest gained by the customer?
- (a) Rs. 216.84
- (b) Rs. 215
- (c) Rs. 217
- (d) Rs. 218
(4) A bank offers 4.5% compound interest calculated on a half-yearly basis. A customer deposits Rs. 1800 each on 10th January and 10th July of a year. At the end of the year, what would be the total amount of interest gained by the customer?
- (a) Rs. 122.41
- (b) Rs. 120
- (c) Rs. 123
- (d) Rs. 124
(5) A bank offers 6% compound interest calculated on a quarterly basis. A customer deposits Rs. 2500 each on 1st January and 1st July of a year. At the end of the year, what would be the total amount of interest gained by the customer?
- (a) Rs. 543
- (b) Rs. 545.59
- (c) Rs. 546
- (d) Rs. 547
(6) A customer deposits Rs. 2000 in a bank that offers 4% annual compound interest, compounded quarterly. After a year, an additional Rs. 1000 is deposited. What is the total interest gained after 2 years?
- (a) Rs. 160
- (b) Rs. 162
- (c) Rs. 164.06
- (d) Rs. 166
(7) An individual invests Rs. 5000 at 7% annual interest compounded semi-annually for 4 years. At the start of the fifth year, another Rs. 5000 is invested. What is the total interest gained by the end of the fifth year?
- (a) Rs. 3600
- (b) Rs. 3637.04
- (c) Rs. 3650
- (d) Rs. 3700
(8) A sum of Rs. 2000 is invested at a compound interest rate of 7% per annum, compounded quarterly. After 3 years, an additional Rs. 1000 is added to the investment. What is the total amount of interest earned after 5 years?
- (a) Rs. 870
- (b) Rs. 877.66
- (c) Rs. 880
- (d) Rs. 890
(9) If Rs. 5000 is deposited in a savings account that offers 5% annual interest compounded quarterly, and an additional Rs. 2500 is deposited after 3 years, what will be the total interest accrued by the end of 5 years?
- (a) Rs. 1500
- (b) Rs. 1508.87
- (c) Rs. 1510
- (d) Rs. 1520
(10) What is the amount of compound interest earned on Rs. 2000 at 4% per annum compounded quarterly for 1 year, with no additional deposits?
- (a) Rs. 81.21
- (b) Rs. 80
- (c) Rs. 82
- (d) Rs. 83
(11) A customer deposits Rs. 1500 in a bank offering 4% annual interest, compounded semi-annually. After 1 year, an additional Rs. 375 is deposited, followed by another Rs. 750 after the second year. What is the total amount at the end of 2 years, assuming no withdrawals were made?
- (a) Rs. 2013.80
- (b) Rs. 2000
- (c) Rs. 2020
- (d) Rs. 2030
(12) An investor deposits Rs. 3500 at an annual interest rate of 4% compounded quarterly. Over the next 6 years, additional deposits of Rs. 3500, Rs. 875, Rs. 0, Rs. 875, Rs. 1750, and Rs. 3500 are made at the start of each year, respectively. What will be the total amount at the end of 6 years?
- (a) Rs. 12509.30
- (b) Rs. 12400
- (c) Rs. 12600
- (d) Rs. 12700
(13) A sum of Rs. 5500 is invested at an annual compound interest rate of 5%, compounded semi-annually. Additional deposits of Rs. 1375, Rs. 0, Rs. 5500, and Rs. 5500 are made at the beginning of each year for the next 4 years, with a withdrawal of Rs. 1100 in the final year. What is the total amount at the end of 4 years?
- (a) Rs. 12974.23
- (b) Rs. 13000
- (c) Rs. 12950
- (d) Rs. 12980
(14) With Rs. 2500 deposited in a compound interest account at an annual rate of 4%, compounded quarterly, what will be the amount after 2 years if a withdrawal of Rs. 500 is made at the end of the term?
- (a) Rs. 2207.14
- (b) Rs. 2200
- (c) Rs. 2210
- (d) Rs. 2220
(15) If an amount of Rs. 5500 is compounded at 7% annual interest, compounded semi-annually, and additional deposits of Rs. 2750, Rs. 1375, and Rs. 1375 are made at the start of the second, third, and fourth years respectively, with a withdrawal of Rs. 550 at the end of the fourth year, what is the total amount after 4 years?
- (a) Rs. 11321.07
- (b) Rs. 11300
- (c) Rs. 11350
- (d) Rs. 11400
(16) A bank offers 5% compound interest calculated on a half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, what would be the total amount of interest gained by the customer?
- (a) Rs. 120
- (b) Rs. 121
- (c) Rs. 122
- (d) Rs. 123
