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Compound Interest

Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

Compound Interest, Mathematics Mcqs /
Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer)

A. Rs.4273
B. Rs.4613
C. Rs.4064
D. Rs.4266
E. None of these
Explanation:
CI = 14800{ [ 1 + 13.5/100]2 – 1 }
= 14800 { [1 + 27/200]2 – 1
= 14800 { 2 + 27/200}{27/200}
= (74)[2 + 27/200](27) =
1998[2 + 27/200] = 3996 + 269.73 = Rs. 4266

Find the compound interest accrued on an amount of Rs.14,800 at 13.5% p.a at the end of two years. (Round off your answer to nearest integer) Read More »

Compound Interest, Mathematics Mcqs

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

Compound Interest, Mathematics Mcqs /
The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned.

A. Rs.18,828.80
B. Rs.19,828.80
C. Rs.18,028.80
D. Rs.17,828.80
E. None of these
Explanation:
Let the sum be Rs.P
P{ [ 1 + 8/100]2 – 1 } = 2828.80
P(8/100)(2 + 8/100) = 2828.80 [a2 – b2 = (a – b) ( a + b)] P = 2828.80 / (0.08)(2.08) = 1360/0.08 = 17000 Principal + Interest = Rs. 19828.80

The compound interest earned by Sunil on a certain amount at the end of two years at the rate of 8% p.a. was Rs.2828.80. Find the total amount that Sunil got back at the end of two years in the form of principal plus interest earned. Read More »

Compound Interest, Mathematics Mcqs

What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

Compound Interest, Mathematics Mcqs /
What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

A. Rs.9630
B. Rs.9680
C. Rs.9610
D. Rs.9650
E. None of these
Explanation:
A= P{1 + R/100}n
=> 8000{1 + 10/100}22 = Rs.9680

What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually? Read More »

Compound Interest, Mathematics Mcqs

The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is_________?

Compound Interest, Mathematics Mcqs /
The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is_________?

A. 10
B. 11
C. 10.25
D. 10.15
Explanation:
100
5 —- I
5
0.25 — II
———–
10.25%

The population of a city increases at the rate of 4% p.a. but there is an additional annual increase of 1% in the population due to some job seekers. The percentage increase in the population after 2 years is_________? Read More »

Compound Interest, Mathematics Mcqs

A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

Compound Interest, Mathematics Mcqs /
A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period?

A. Rs.150
B. Rs.140
C. Rs.130
D. Data insufficient for the answer

A sum amount to Rs.1344 in two years at simple interest. What will be the compound interest on the same sum at the same rate of interest for the same period? Read More »

Compound Interest, Mathematics Mcqs

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

Compound Interest, Mathematics Mcqs /
A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit.

A. Rs.2205
B. Rs.2200
C. Rs.2160
D. Rs.2040
Explanation:
A = 2000(21/20)2 = 2205

A money lender lends Rs.2000 for six months at 20% p.a. rate. It the interest is reckoned quarterly than find the amount given after time limit. Read More »

Compound Interest, Mathematics Mcqs

How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

Compound Interest, Mathematics Mcqs /
How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly?

A. Rs.482
B. Rs.424
C. Rs.842
D. Rs.512
Explanation:
20000(11/10)4 – 20000(6/5)2 = 482

How much more would Rs.20000 fetch, after two years, if it is put at 20% p.a. compound interest payable half yearly than if is put at 20% p.a. compound interest payable yearly? Read More »

Compound Interest, Mathematics Mcqs

In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?

Compound Interest, Mathematics Mcqs /
In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?

A. 8500
B. 8000
C. 8100
D. 8400

In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning? Read More »

Compound Interest, Mathematics Mcqs

Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

Compound Interest, Mathematics Mcqs /
Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest?

A. Rs.10
B. Rs.2
C. Rs.5
D. Rs.3
Explanation:
1250 = D(100/4)2
D = 2

Sehar gave Shazia Rs.1250 on compound interest for 2 years at 4% per annum. How much loss would Sehar has suffered had she given it to Shazia for 2 years at 4% per annum simple interest? Read More »

Compound Interest, Mathematics Mcqs