a) 9 years b) 27 years c) 6 years d) 3 years Answer: c Explanation: x ...
View QuestionThe compound interest on a certain some of money for 2 years at 10% per annum is Rs 420. The simple interest on the same sum at the same rate and for the same time will be ?
a) Rs. 350 b) Rs. 375 c) Rs. 380 d) Rs. 400 Answer: d Explanation: ...
View QuestionA sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound interest is = ?
a) 6% b) 7% c) 3% d) 5% Answer: d Explanation: $$\eqalign{ & {\text{Principal ...
View QuestionA man invested a sum of money at compound interest. It amounted to Rs. 2420 in 2 years and to Rs. 2662 in 3 years. Find the sum ?
a) Rs. 1000 b) Rs. 2000 c) Rs. 5082 d) Rs. 3000 Answer: b Explanation: ...
View QuestionThe difference between CI and SI on a certain sum of money for 3 years at 5% p.a. is Rs. 122. Find the sum invested ?
a) Rs. 10000 b) Rs. 12000 c) Rs. 16000 d) Rs. 20000 Answer: c Explanation: ...
View QuestionShashi had a certain amount of money. He invested 2/3 of the total money in scheme A for 6 years and rest of the money he invested in scheme B for 2 years. Scheme A offers simple interest at a rate of 12% p.a. and scheme B offers compound interest ( compound annually) at a rate of 10% p.a. If the total interest obtained from both the schemes is Rs. 2750. What was the total amount invested by him in scheme A and scheme B together ? (Approximate value)
Shashi had a certain amount of money. He invested $$\frac{2}{3}$$ of the total money in scheme A for ...
View QuestionThe compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is = ?
a) Rs. 520 b) Rs. 550 c) Rs. 500 d) Rs. 515 Answer: c Explanation: ...
View QuestionThe difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money ?
a) Rs. 7200 b) Rs. 9600 c) Rs. 16400 d) Rs. 8400 Answer: c Explanation: $$\eqalign{ ...
View QuestionThe sum of money which when given on compound interest at 18% per annum would fetch Rs 960 more when the interest is payable half-yearly then when it was payable annually for 2 years is =
a) Rs. 60000 b) Rs. 30000 c) Rs. 40000 d) Rs. 50000 Answer: d Explanation: Rate of interest ...
View QuestionOne can purchase a flat from a house building society for Rs. 55000 cash or on the terms that he should pay Rs. 4275 as cash down payment and get the rest in three equal installments. The society charges interest at the rate of 16% per annum compounded half-yearly. If the flat is purchased under installment plan, find the value of each installment ?
a) Rs. 18756 b) Rs. 19292 c) Rs. 19683 d) Rs. 20285 Answer: c Explanation: ...
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