a) 10 % b) 11.5 % c) 5 % d) 20 % Answer: a Explanation: $$\eqalign{ ...
View QuestionA certain sum will amount to Rs 12100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is = ?
a) Rs. 12000 b) Rs. 6000 c) Rs. 8000 d) Rs. 10000 Answer: d Explanation: Amount = ...
View QuestionA sum of Rs 210 was taken as a loan. This is to be paid back in two equal installments. If the rate of interest be 10% compounded annually, then the value of each installment is = ?
a) Rs. 127 b) Rs. 121 c) Rs. 210 d) Rs. 225 Answer: b Explanation: ...
View QuestionUnder the Rural Housing Scheme, the Delhi Development Authority (DDA) allotted a house to Kamal Raj for Rs. 126100. This payment is to be made in three equal annual instalments. If the money is reckoned at 5% per annum compound interest, then how much is to be paid by Kamal Raj in each instalment ?
a) Rs. 45205 b) Rs. 46305 c) Rs. 47405 d) Rs. 48505 Answer: b Explanation: ...
View QuestionA sum of money lent out at compound interest increases in value by 50% in 5 years. A person wants to lend three different sums x, y and z for 10, 15 and 20 years respectively at the above rate in such a way that he gets back equal sums at the end of their respective periods. The ratio x : y : z is =
a) 6 : 9 : 4 b) 9 : 4 : 6 c) 9 : 6 : 4 d) 6 ...
View QuestionThe compound interest on a certain sum of money for 2 years at 5% per annum is Rs 410. The simple interest on the same sum at the same rate and for the same time is =
a) Rs. 400 b) Rs. 300 c) Rs. 350 d) Rs. 405 Answer: a Explanation: $$\eqalign{ & ...
View QuestionThe compound interest on a certain sum of money for 2 years at 5% is Rs. 328, then the sum is =
a) Rs. 3000 b) Rs. 3600 c) Rs. 3200 d) Rs. 3400 Answer: c Explanation: Go ...
View QuestionWhat does Rs. 250 amounts to in 2 years with compound interest at the rate of 4% in the 1st year and 8% in the second year ?
What does Rs. 250 amounts to in 2 years with compound interest at the rate of 4% ...
View QuestionWhat would be the compound interest accrued on an amount of Rs. 8400 @ 12.5 p.c.p.a at the end of 3 years ?
What would be the compound interest accrued on an amount of Rs. 8400 @ 12.5 p.c.p.a at the ...
View QuestionThe difference between simple interest and compound interest on Rs. P at R% p.a in 2 years is = ?
a) $${\text{Rs}}{\text{.}}\,\frac{{P{R^2}}}{{100}}$$ b) $${\text{Rs}}{\text{.}}\,\frac{{2PR}}{{100}}$$ c) $${\text{Rs}}{\text{.}}\,\frac{{PR}}{{100}}$$ d) $${\text{Rs}}{\text{.}}\,\frac{{P{R^2}}}{{{{\left( {100} \right)}^2}}}$$ Answer: d Explanation: $$\eqalign{ & {\text{S}}{\text{.I}}{\text{. = ...
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