a) Rs. 240 b) Rs. 245 c) Rs. 220 d) Rs. 250 Answer: a Explanation: $$\eqalign{ & {\text{Rate ...
View QuestionA sum of money doubles itself in 4 years compound interest. It will amount to 8 times itself at the same rate of interest in = ?
a) 24 years b) 16 years c) 12 years d) 18 years Answer: c Explanation: $$\eqalign{ ...
View QuestionMr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded half-yearly for first one year and in the next year it was compounded yearly. What will be the total interest earned at the end of 2 year ?
Mr. Duggal invested Rs. 20000 with rate of interest @ 20 p.c.p.a. The interest was compounded half-yearly ...
View QuestionA man gets a simple interest on Rs. 1000 on a certain principal at the rate of 5 p.c.p.a. in 4 years. What compound interest will the man get on twice the principal in 2 years at the same rate ?
a) Rs. 1005 b) Rs. 1000 c) Rs. 10125 d) None of the above Answer: d Explanation: ...
View QuestionCompound interest on a sum of money for 2 years at 4% per annum is Rs. 2448. simple interest on the same sum of money at the same rate of interest for 2 years will be = ?
a) Rs. 2360 b) Rs. 2400 c) Rs. 2250 d) Rs. 2500 Answer: b Explanation: Time (t) = 2 ...
View QuestionIf the difference between the compound interest and simple interest on a sum of 5% rate of interest per annum for three years is Rs. 36.60, then the sum is = ?
a) Rs. 8000 b) Rs. 4400 c) Rs. 8400 d) Rs. 4800 Answer: d Explanation: Rate % ...
View QuestionOn a certain sum of money the compound interest for 2 years is Rs. 282.15 and the simple interest for the same period of time is Rs. 270. The rate of interest per annum is =
a) 6.07% b) 9% c) 10% d) 12.15% Answer: b Explanation: $$\eqalign{ ...
View QuestionA sum of money invested at compound interest amounts to Rs. 650 at the end of first year and Rs. 676 at the end of second year. The sum of money is =
a) Rs. 540 b) Rs. 560 c) Rs. 625 d) Rs. 600 Answer: c Explanation: Interest on ...
View QuestionThe compound interest on Rs 16000 for 9 months at 20% per annum, interest being compounded quarterly, is = ?
a) Rs. 2520 b) Rs. 2518 c) Rs. 2522 d) Rs. 2524 Answer: c Explanation: The interest is compounded ...
View QuestionA bank offers 5% compound interest calculated on half yearly basis. A customer deposits Rs.1600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is = ?
a) Rs. 120 b) Rs. 121 c) Rs. 122 d) Rs. 123 Answer: b Explanation: $$\eqalign{ & {\text{ ...
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