Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Aptitude

What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?

What will be the compound interest on Rs 25000 after 3 years at 12% Per annum?

A. Rs 9000.30
B. Rs 9720
C. Rs 10123.20
D. Rs 10483.20
E. None of these
Explanation:
C.I = [25000 × (1+12/100)3-25000]
= Rs [(25000 × 28/25 × 28/25 × 28/25)-25000]
=Rs(175616/5-25000) = Rs (35123.20 – 25000)
= Rs 10123.20

What will be the compound interest on Rs 25000 after 3 years at 12% Per annum? Read More »

Compound Interest, Mathematics Mcqs

A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:_________?

A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:_________?

A. Rs 230
B. Rs 232
C. Rs 600
D. Rs 832
Explanation:
S.I = Rs (6000 × 5/100×2)=Rs 600
C.I = Rs [5000 × (1+8/100)2-5000]
= Rs [(5000 × 27/25 ×27/25)-5000]
=Rs (5832-5000)=Rs 832
(c.I) – (S.I) = Rs (832-600) = Rs 232

A deposited Rs 6000 in a bank at 5% Per annum simple interest. B deposited Rs 5000 at 8% P.a Compound interest. After 2 years the difference between their interest will be:_________? Read More »

Compound Interest, Mathematics Mcqs

The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is_________?

The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is_________?

A. Rs 50
B. Rs 60
C. Rs 61
D. Rs 600
Explanation:
S.I = Rs(8000 × 5/100 ×3) = Rs 1200
C.I = Rs [8000 × (1+5/100)3– 8000
= Rs [(8000 × 21/20×21/20×21/20)-8000]
=Rs (9261-8000)=Rs 1261
(c.I)-(S.I) = Rs (1261 – 1200) = Rs61.

The difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is_________? Read More »

Compound Interest, Mathematics Mcqs

A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________?

A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________?

A. Rs.4400
B. Rs.4445
C. Rs.4460
D. Rs.4520
Explanation:
Sum be P
P(1 + R/100)3 = 6690 – (i)
P(1 + R/100)2 = 10, 035 – (ii)
By dividing (i) and (ii)
(1 + R/100)3 = 10035/6690 = 3/2
Therefore, P = (6690 x 2/3) = Rs. 4460

A sum of money becomes Rs.6690 after three years and Rs.10.035 after six years on compound interest. The sum is________? Read More »

Compound Interest, Mathematics Mcqs

A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________?

A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________?

A. Rs.1500
B. Rs.2000
C. Rs.2500
D. Rs.3000
Explanation:
P be the principle and R % per annum be rate
P(1 + R/100)3 = 3149.28 – (i)
P(1 + R/100)2 = 2916 – (ii)
By dividing (i) and (ii)
(1 + R/100) = 3149.28/2916 R/100 = 233.28/2916
or R =233.28/2916 x 100 = 8 %
P(1 +8/100)2 = 2916 or
P × 27/25 × 27/25 = 2916
Or = 1822500/729= Rs.2500

A sum amounts to Rs. 2916 in 2 years and to Rs.3149.28 in 3 years at compound Interest. The sum is_________? Read More »

Compound Interest, Mathematics Mcqs

A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________?

A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________?

A. 5 %
B. 10 %
C. 15 %
D. 20 %
Explanation:
P be the principle and R % Per annum be the rate.
P(1 + R/100) 3 = 10648 – (i)
P(1 + R/100) 2 = 9680 – (ii)
By dividing (i) and (ii)
(1 +R/100) = 10648/9680 Or
R/100 = 968/9680 = 1/10 or
R = 10 %

A sum of money amounts to Rs. 10648 in 3years and Rs. 9680 in 2 years. The rate of interest is_________? Read More »

Compound Interest, Mathematics Mcqs

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

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

A. 10 %
B. 12 %
C. 6 %
D. 8 %
Explanation:
5000 × (1 +R/100) 2 – 5000 –(10000R/100)= 72
=> 5000 [(1 + R/100) 2 – 1 – R/50] = 72
=> 1 + R2/100 + 2R/100 – 1 – R/50 = 72/5000
=> R2 = (72/5000 × 10000) = 144 or R =12%

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

Compound Interest, Mathematics Mcqs

The compound interest on a certain sum 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_______?

The compound interest on a certain sum 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
Explanation:
The principle is P.
P(1 +10/100)2 – P = 420
=> P = Rs.2000
S.I = Rs.(4000/100) = Rs.400

The compound interest on a certain sum 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_______? Read More »

Compound Interest, Mathematics Mcqs

The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is_______?

The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is_______?

A. Rs.600
B. Rs.500
C. Rs.400
D. Rs.300
Explanation:
Sum be Rs.100
S.I = Rs.(1000/100) =Rs.10
C.I = Rs.[{100 × (1 +5/100) 2} – 100] =Rs.41/4
Difference C.I amd S. I = Rs.(41/4 – 10) =Rs.25
25 : 1.50 : : 100 : x
Therefore x = ((1.50 ×100)/25) = Rs.600

The difference between the compound interest and the simple interest on a certain sum at 5 % per annum for 2 years is Rs. 1.50. The sum is_______? Read More »

Compound Interest, Mathematics Mcqs