An amount of 5,000 is invested at a fixed rate of 8 per cent per annum – McqOptions

MCQOPTIONS

1.	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 annually
A.	7346.64
B.	8346
C.	3456
D.	4567
Answer» B. 8346

Discussion

No Comment Found

Related MCQs

A bank offers 5% compound interest calculated on half-yearly basis. A customer deposits Rs. 1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is:
What is the difference between the compound interests on Rs. 5000 for 3/2 years at 4% per annum compounded yearly and half-yearly?
You deposit $300 in a savings account that pays 4% simple annual interest. Find your account balance after 9 months.
What would be the least number of years in which the simple interest on Rs.2600 at % will be an exact number of rupees ?
What would be the compound interest of Rs. 25000 for 2 yrs. at 5% per annum?
What will be the compound interest on a sum of Rs.25,000 after 3 years at the rate of 12 p.c.p.a?
What periodic payment will an investor receive from a $9000, four-year, monthly payment GIC earning a nominal rate of 5.25% compounded monthly?
What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?
What is the SI on Rs.2500/- at the rate of 12% per annum for 8 years?
What is the rate of interest p.c.p.a.?_x005F_x000D_ I. An amount doubles itself in 5 years on simple interest._x005F_x000D_ II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400._x005F_x000D_ III. Simple interest earned per annum is Rs. 2000