How much money invested at compound interest will yield Rs. 6350.40 at the end of 3 years? For the first year the rate of interest is 5%; for second year it increases to 12% and for third year it decreases to 8%.
Answer: D
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What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12% p.a.?
Answer: C
Amount = [25000 * (1 + 12/100)⊃3;]
= 25000 * 28/25 * 28/25 * 28/25 = Rs. 35123.20
C.I. = (35123.20 - 25000) = Rs. 10123.20
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The difference between simple and compound interest on Rs. 1200 for one year at 10% per annum reckoned half-yearly is?
Answer: B
S.I. = (1200 * 10 * 1)/100 = Rs. 120
C.I. = [1200 * (1 + 5/100)⊃2; - 1200] = Rs. 123 Difference = (123 - 120) = Rs. 3.
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Find out the C.I on Rs.5000 at 4% p.a. compound half-yearly for 1 1/2 years.
Answer: C
A = 5000(51/50)⊃3;
= 5306.04
5000
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306.04
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The principal that amounts to Rs. 4913 in 3 years at 6 1/4 % per annum C.I. compounded annually, is?
Answer: D
Principal = [4913 / (1 + 25/(4 * 100))⊃3;]
= 4913 * 16/17 * 16/17 * 16/17 = Rs. 4096.
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Rs.8000 become Rs.9261 in a certain interval of time at the rate of 5% per annum of C.I. Find the time?
Answer: D
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Sarang invested some money in HDFC at 3% rate of interest. What would be the corresponding simple interest if after 2 years, Sarang got Rs. 101.50 as compound interest?
Answer: C
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The least number of complete years in which a sum of money put out at 20% compound interest will be more than doubled is:
Answer: B
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The difference between simple and compound interest on a certain sum of money for 2 years at 4 percent per annum is Re.1. The sum of money is
Answer: B
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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:
Answer: C
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