Shohaib invested Rs. 8000 in a scheme for 2 years at compound interes – McqOptions

MCQOPTIONS

1.	Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?
A.	Rs. 8600
B.	Rs. 8620
C.	Rs. 8800
D.	Rs. 8840
E.	None of these
Answer» F.

Discussion

No Comment Found

Related MCQs

<p> If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?</p>
<p> What is the principle amount which earns Rs.132 as compound interest for the second year at 10 % per annum?</p>
<p> If Rs. 7500 are borrowed at C. I at the rate of 4 % per annum then after 2 years, the amount to be paid is_______?</p>
<p> A sum of money place at compound interest doubles itself in 4 years. In how many years will it amount to eight times itself?</p>
<p> Hafeez invested Rs. 15000 @ 10% per annum for one year. If the interest is compounded half-yearly, then the amount received by Hafeez at the end of the year will be?</p>
<p> A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?</p>
<p> What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?</p>
<p> Shohaib invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Shohaib get on maturity of the fixed deposit?</p>
<p> Afnan wants to borrow Rs.6000 at rate of interest 6% p.a. at S.I and lend the same amount at C.I at same rate of interest for two years. What would be his income in the above transaction?</p>
<p> The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?</p>