The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period(in years) is?
Answer: A
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The difference between the compound interest compounded annually and simple interest for 2 years at 20% per annum is Rs.144. Find the principal?
Answer: C
P = 144(100/5)⊃2;
=> P = 3600
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A man saves Rs. 200 at the end of each year and lends the money at 5% compound interest. How much will it become at the end of 3 years?
Answer: C
mount = [200(1 + 5/100)⊃3;+ 200(1 + 5/100)⊃2; + 200(1 + 5/100)]
= [200 * 21/20(21/20 * 21/20 + 21/20 + 1)] = Rs. 662.02
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Amit gave his friend Rs. 11000. This loan was to be repaid in 3 yearly installments with a rate of interest of 20% compounded annually. How much would be the value of each installment?
Answer: B
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The C.I. on a certain sum for 2 years Rs.41 and the simple interest is Rs.40. What is the rate percent?
Answer: B
SI = 20 + 20
CI = 20 + 21
20 ---- 1
100 ---- ? => 5%
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The population of a city is 50,000 at present. It increases at the rate of 10% per annum. What will be its population 3 yr from now?
Answer: D
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What compound interest will Rs. 5000 fetch in 3 years 10 months at 30% per annum?
Answer: D
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The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:
Answer: D
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Shamik had invested same amount of sums at simple as well as compound interest. The time period of both the sums was 2 years and rate of interest too was same 4% per annum. At the end, he found a difference of Rs. 50 in both the interests received. What were the sums invested?
Answer: D
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What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?
Answer: D
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