PYQ Vault

Interest compounded quarterly: amount, interest or time

This type of question, asked 4 times: CDS 2 2022, CDS 2 2023, CDS 1 2025, CDS 1 2026. All 4 questions below, oldest first.

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  1. Question 1

    CDS 2 2022

    40
    If C is the compound interest on Rs. 10,000 for one year at 4% per annum when compounded quarterly, then which one of the following is correct ?

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  2. Question 2

    CDS 2 2023

    5
    A person borrowed Rs. 10,000 at 12% rate of interest per annum compounded quarterly for a period of 9 months. What is the interest paid by him to settle his account after 9 months ?

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  3. Question 3

    CDS 1 2025

    76
    How much will Rs. 10,000 amount to in one year's time at 4% rate of interest per annum if the interest is compounded once in every three months ? (take approximate value)

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  4. Question 4

    CDS 1 2026

    12
    In what duration of time will Rs. 3300 become Rs. 3399 at 12% per annum interest compounded quarterly ?

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