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=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:

A sum of Rs 6000 becomes Rs 7200 in 2 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 3 years?

 

A) 7434   B) 8244  
C) 7864   D) 7986
 
Answer & Explanation Answer: D) 7986

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Exam Prep: Bank Exams

4 812
Q:

A sum of Rs 8000 is borrowed at compound interest at the rate of 7% per annum. What will be the amount (in Rs) after 2 years?

 

A) 1154.4   B) 13600  
C) 9159.2   D) 9428.6
 
Answer & Explanation Answer: C) 9159.2  

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Exam Prep: Bank Exams

2 778
Q:

Rs. 10000 is being compounded at 20% per annum. Calculate the amount after 2 years if rate of interest is charged half yearly.

A) Rs. 10041 B) Rs. 14641
C) Rs. 12000 D) Rs. 13660
 
Answer & Explanation Answer: B) Rs. 14641

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Exam Prep: Bank Exams

3 688
Q:

A sum of Rs 5000 becomes Rs 8000 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is yearly), then what will be the amount (in Rs) after 3 years?

 

A) 8640   B) 8260  
C) 8880   D) 9220
 
Answer & Explanation Answer: A) 8640  

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Exam Prep: Bank Exams

2 761
Q:

Mr. Devesh borrowed Rs.4,500 at 4% per annum compound interest. The compound interest compounded annually for 2years is

A) Rs. 367.2 B) Rs. 4867.2
C) Rs. 4876.2 D) Rs.376.2
 
Answer & Explanation Answer: A) Rs. 367.2

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Exam Prep: Bank Exams

5 824
Q:

A sum of Rs 8000 becomes Rs 12500 in 2 years at a certain rate of compound interest. What will be the sum (in Rs) after 3 years?

 

A) 13175   B) 14225
C) 12575 D) 15625
 
Answer & Explanation Answer: D) 15625

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Exam Prep: Bank Exams

2 892
Q:

A sum becomes 1.69 times of itself in 2 years when invested at compound interest. What is the per annum rate of interest (in percentage)?

A) 38 B) 34.5
C) 13 D) 30
 
Answer & Explanation Answer: D) 30

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Exam Prep: AIEEE , Bank Exams

2 669
Q:

Mr. Ibrahim borrowed Rs. 7500 at 5% per annum compound interest. The compound interest compounded annually for 2 years is

A) 768.75 B) 8268.75
C) 8286.75 D) 786.75
 
Answer & Explanation Answer: B) 8268.75

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Exam Prep: Bank Exams

3 964