a) 3 b) 4 c) 5 d) 6 Answer: b Explanation: $$\eqalign{ & P{\left( {1 + \frac{{20}}{{100}}} ...
View QuestionAt what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?
a) 6% b) 6.5% c) 7% d) 7.5% Answer: a Explanation: $$\eqalign{ & ...
View QuestionWhat will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?
a) Rs. 9000.30 b) Rs. 9720 c) Rs. 10123.20 d) Rs. 10483.20 Answer: c Explanation: $$\eqalign{ ...
View QuestionAn amount of Rs. 10000 becomes Rs. 14641 in 2 years if the interest is compounded half yearly. What is the rate of compound interest p.c.p.a. ?
a) 10% b) 12% c) 16% d) 20% Answer: d Explanation: ...
View QuestionA sum of Rs. 13360 was borrowed at 8(3/4) % per annum compound interest and paid back in two years in two equal annual installments. What was the amount of each installment ?
A sum of Rs. 13360 was borrowed at $${\text{8}}\frac{3}{4}$$ % per annum compound interest and paid back ...
View QuestionA man invests Rs 4000 for 3 years at compound interest. After one year the money amounts to Rs. 4320. What will be the amount (to the nearest rupee) due at the end of 3 years ?
a) Rs. 4939 b) Rs. 5039 c) Rs. 5789 d) Rs. 6129 Answer: b Explanation: $$\eqalign{ ...
View QuestionKamal took Rs. 6800 as a loan which along with interest is to be repaid in two equal annual installment. If the rate of interest is 12(1/2) % compounded annually, then the value of each installment is =
Kamal took Rs. 6800 as a loan which along with interest is to be repaid in two equal ...
View QuestionA certain some of money and Rs. 2420 in 2 years and Rs. 2662 in 3 years at same rate of compound interest, compounded annually. The rate of interest per annum is =
a) 6% b) 8% c) 9% d) 10% Answer: d Explanation: $$\eqalign{ & ...
View QuestionThe difference between CI and SI for 3 years Rs. 992. If rate of interest is 10%. Find the Principal ?
a) Rs. 22000 b) Rs. 30000 c) Rs. 28000 d) Rs. 32000 Answer: d Explanation: $$\eqalign{ ...
View QuestionA certain sum, invested at 4% per annum compound interest, compounded half yearly, amounts to Rs. 7803 at the end of one year. The sum is ?
a) Rs. 7000 b) Rs. 7200 c) Rs. 7500 d) Rs. 7700 Answer: c Explanation: Time (t) = 1 ...
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