Sawaal
89
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=P⇔R=20

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

 III.P*R*1100=2000=>PR=200000

 PR2PR=4000000200000⇔R=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
Related Questions
Q:

What is the least number of complete years in which a sum of money put out at 40% annual compound interest will be more than trebled?

A) 3 B) 4
C) 5 D) 6
 
Answer & Explanation Answer: B) 4

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

6 1667
Q:

Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly.

A) Rs. 676 B) Rs. 776
C) Rs. 1778 D) Rs. 2028
 
Answer & Explanation Answer: D) Rs. 2028

Explanation:

Amount = P(1 + r/100)^t
Amount = 1875(1 + 4/100)^2
Amount = 1875(104/100)(104/100)
Amount = 2028

Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

9 2591
Q:

An article costs Rs 50 presently. The rate of inflation is 300%. What will be cost of this article after two years?

A) Rs 200 B) Rs 600
C) Rs 800 D) Rs 1000
 
Answer & Explanation Answer: C) Rs 800

Explanation:

A = P(1 + r/100)n   ⇒50(1 + 300/100)2   ⇒50(4)2  ⇒800

Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

5 2260
Q:

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 12% per annum is Rs 900. What is the value of given sum (in Rs)?

A) 125000 B) 250000
C) 62500 D) 187500
 
Answer & Explanation Answer: C) 62500

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest

4 1110
Q:

At what rate of compound interest per annum will a sum of Rs 10000 become Rs 12321 in 2 years?

A) 22 percent B) 11 percent
C) 7 percent D) 15 percent
 
Answer & Explanation Answer: B) 11 percent

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: AIEEE , Bank Exams , CAT

12 1531
Q:

What is the Compound interest on Rs. 5000 in 3 years, if the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?

A) Rs. 435.21 B) Rs. 453.12
C) Rs. 436.12 D) Rs. 463.12
 
Answer & Explanation Answer: D) Rs. 463.12

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: CAT , Bank Exams , AIEEE

2 1327
Q:

What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

A) 8000 B) 8650
C) 8750 D) 8800
 
Answer & Explanation Answer: D) 8800

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

8 1444
Q:

Mr. Mike borrowed Rs. 8500 at 4% per annum C.I. The C.I. compounded annally for 2 years is :

A) Rs. 9139.6 B) Rs. 639.6
C) Rs. 9193.6 D) Rs. 693.6
 
Answer & Explanation Answer: D) Rs. 693.6

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

6 1639