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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?

July 26, 2021September 23, 2019 by admin

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

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?

July 26, 2021September 23, 2019 by admin

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

A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year?

July 26, 2021September 23, 2019 by admin

A property decreases in value every year at the rate of 6 1/4% of its value at the beginning of the year its value at the end of 3 years was Rs.21093. Find its value at the beginning of the first year?

A. Rs.25600.24
B. Rs.32000.50
C. Rs.18060.36
D. Rs.18600
Explanation:
6 1/4% = 1/16
x *15/16 * 15/16 * 15/16 = 21093
x = 25600.24

Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?

July 26, 2021September 22, 2019 by admin

Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?

A. Rs.420
B. Rs.400
C. Rs.375
D. Rs.380
Explanation:
441 = P(21/20)2
P = 400

A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?

July 26, 2021September 22, 2019 by admin

A sum of money deposited at C.I. amounts to Rs.2420 in 2 years and to Rs.2662 in 3 years. Find the rate percent?

A. 15%
B. 10%
C. 7 1/2 %
D. 8%

What will be ratio of simple to compound interest on two same sums invested in SBP at rate of interest of 8% kept for 3 years?

July 26, 2021September 22, 2019 by admin

What will be ratio of simple to compound interest on two same sums invested in SBP at rate of interest of 8% kept for 3 years?

A. 1875/2029
B. 1/2.5
C. 1903/2156
D. 4/9

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

July 26, 2021September 22, 2019 by admin

The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

A. 8
B. 10
C. 12
D. Cannot be determined

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________?

July 26, 2021September 22, 2019 by admin

The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:________?

A. Rs. 2.50
B. Rs. 3
C. Rs. 3.75
D. Rs. 4

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

July 26, 2021September 22, 2019 by admin

If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?

A. Rs. 51.25
B. Rs. 52
C. Rs. 54.25
D. Rs. 60

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

July 26, 2021September 22, 2019 by admin

Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:_______?

A. Rs. 1550
B. Rs. 1650
C. Rs. 1750
D. Rs. 2000