90
Q:

What is the rate of interest p.c.p.a.?

I. An amount doubles itself in 5 years on simple interest.

II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.

III. Simple interest earned per annum is Rs. 2000

A) I only B) II and III only
C) All I, II and III D) I only or II and III only

Answer:   D) I only or II and III only



Explanation:

I.P*R*5100=PR=20

 II.P1+R1002-P-P*R*2100=400=>pR2=4000000

 III.P*R*1100=2000=>PR=200000

 PR2PR=4000000200000R=20

 

Thus I only or (II and III) give answer.

 

 Correct answer is (D)

Subject: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO
Q:

In how many months will Rs 8,000 yield Rs 2,648 as compound interest at 20% per annum compounded semi-annually?

A) 18 B) 24
C) 12 D) 30
 
Answer & Explanation Answer: A) 18

Explanation:
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1 1375
Q:

The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs 1,19,790. What was the principal?

A) 90000 B) 1,00,000
C) 80000 D) 75000
 
Answer & Explanation Answer: A) 90000

Explanation:
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0 1053
Q:

If the amount on a certain principal in 3 years at 12% rate of interest compounded annually is Rs 12,000, what will be the amount (in Rs) after the 4th year?

A) 14330 B) 15440
C) 13440 D) 14550
 
Answer & Explanation Answer: C) 13440

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1 1667
Q:

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 36000 after 2 years at the same rate?

A) Rs 6150 B) Rs 7687.5
C) Rs 3690 D) Rs 4612.5
 
Answer & Explanation Answer: C) Rs 3690

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0 940
Q:

There is 40% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 25000 after 3 years at the same rate?

A) Rs 6492.8 B) Rs 12985.6
C) Rs 16232 D) Rs 9739.2
 
Answer & Explanation Answer: A) Rs 6492.8

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Exam Prep: Bank Exams

0 1069
Q:

A bank offers 5% compound interest per half year. A customer deposits Rs 4800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest?

A) Rs 732 B) Rs 1464
C) Rs 366 D) Rs 183
 
Answer & Explanation Answer: A) Rs 732

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0 1014
Q:

There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest (in rupees) of Rs 30000 after 2 years at the same rate?

A) 6150 B) 7687.5
C) 4612.5 D) 3075
 
Answer & Explanation Answer: D) 3075

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0 969
Q:

On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, what is the rate of Interest?

A) 14 percent B) 7 percent
C) 28 percent D) 21 percent
 
Answer & Explanation Answer: A) 14 percent

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