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1.

The effective annual rate of interest corresponding to nominal rate of 6% per annum payable half-yearly is

A) 6.06%

B) 6.07%

C) 6.09%

D) 6.11%

E) 6.10%

2.

The sum of money at compound interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in

A) 10 Yrs

B) 15 Yrs

C) 7 Yrs

D) 20 Yrs

E) 9 Yrs

3.

What annual payment will discharge a debt of Rs. 50,440 due in 3 years at 5% per annum compounded annually ?

A) Rs. 18,522

B) Rs. 16,322

C) Rs. 17,632

D) Rs. 15,926

E) Rs. 18,322

4.

The compound interest on Rs. 1800 at a10% per annum, for certain period of time is Rs. 378. Find the same time in years.

A) 2 Yrs

B) 3 Yrs

C) 5 yrs

D) 4 Yrs

E) $2\frac{1}{2}$ Yrs

5.

Simple interest on a sum of money for 3 years at $6\frac{1}{4}\%$ per annum is Rs. 2,400. What will be the compound interest on that sum at rate for the same period ?

A) Rs. 2500.50

B) Rs. 2553.13

C) Rs. 2512.15

D) Rs. 2516.00

E) None

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