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Compound Interest

Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

Compound Interest, Mathematics Mcqs /
Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest?

A. Rs.635.50
B. Rs.613.50
C. Rs.675.50
D. Rs.653.50

Rajan borrowed Rs.4000 at 5% p.a compound interest. After 2 years, he repaid Rs.2210 and after 2 more year, the balance with interest. What was the total amount that he paid as interest? Read More »

Compound Interest, Mathematics Mcqs

Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

Compound Interest, Mathematics Mcqs /
Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000?

A. Rs.81000
B. Rs.80000
C. Rs.75000
D. Rs.64000
Explanation:
64000* 9/8 * 9/8 = 81000

Every year an amount increases by 1/8th of itself. How much will it be after two years if its present value is Rs.64000? Read More »

Compound Interest, Mathematics Mcqs

The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

Compound Interest, Mathematics Mcqs /
The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?

A. Rs.3000
B. Rs.3300
C. Rs.3600
D. Rs.3900

The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal? Read More »

Compound Interest, Mathematics Mcqs

Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?

Compound Interest, Mathematics Mcqs /
Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money?

A. 1500
B. 1800
C. 2100
D. 1950
P = 15(100/10)2 => P = 1500

Find the sum The difference between the compound and S.I. on a certain sum of money for 2 years at 10% per annum is Rs.15of money? Read More »

Compound Interest, Mathematics Mcqs

A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

Compound Interest, Mathematics Mcqs /
A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum.

A. Rs.4000
B. Rs.1000
C. Rs.1250
D. Rs.2000
Explanation:
P(11/10)4 – P(6/5)2 = 482
P = 2000

A sum of money is put out at compound interest for 2 years at 20%. It would fetch Rs.482 more if the interest were payable half-yearly, then it were pay able yearly. Find the sum. Read More »

Compound Interest, Mathematics Mcqs

The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?

Compound Interest, Mathematics Mcqs /
The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum?

A. Rs.12000
B. Rs.14200
C. Rs.17520
D. Rs.13500
Explanation:
P = (184*106) / [6 2/3 * 6 2/3 *(300*6 2/3)]
P = 13500

The difference between compound and simple interest on a certain sum of money for 3 years at 6 2/3% p.a is Rs.184. Find the sum? Read More »

Compound Interest, Mathematics Mcqs

The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

Compound Interest, Mathematics Mcqs /
The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?

A. 10%
B. 12%
C. 6%
D. 8%
Explanation:
5000 = 72(100/R)2
5 R2 = 720 => R = 12

The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is? Read More »

Compound Interest, Mathematics Mcqs

Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?

Compound Interest, Mathematics Mcqs /
Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?

A. 6 years
B. 1 year
C. 2 years
D. 4 years

Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself? Read More »

Compound Interest, Mathematics Mcqs