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:

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 18% per annum is Rs 81. The sum is ____.

A) Rs 2500 B) Rs 5000
C) Rs 10000 D) Rs 7500
 
Answer & Explanation Answer: A) Rs 2500

Explanation:
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Exam Prep: Bank Exams

6 1091
Q:

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 25088, and Rs 28098.56 respectively, what is the rate of interest?

A) 6 percent B) 24 percent
C) 12 percent D) 19 percent
 
Answer & Explanation Answer: C) 12 percent

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Exam Prep: Bank Exams

2 881
Q:

A bank offers 5% compound interest per half year. A customer deposits Rs. 3200 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 is:

A) Rs 976 B) Rs 244
C) Rs 488 D) Rs 122
 
Answer & Explanation Answer: C) Rs 488

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Exam Prep: Bank Exams

4 1454
Q:

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 28090, and Rs 29775.4 respectively, what is the rate of interest?

A) 6 percent B) 3 percent
C) 12 percent D) 10 percent
 
Answer & Explanation Answer: A) 6 percent

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Exam Prep: Bank Exams

2 1022
Q:

A bank offers 20% compound interest per half year. A customer deposits Rs 6000 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 is

A) Rs 7680 B) Rs 3840
C) Rs 1920 D) Rs 960
 
Answer & Explanation Answer: B) Rs 3840

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Exam Prep: AIEEE , Bank Exams

0 1079
Q:

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 29160, and Rs 31492.8 respectively, what is the rate of interest?

A) 4 percent B) 8 percent
C) 16 percent D) 13 percent
 
Answer & Explanation Answer: B) 8 percent

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Exam Prep: Bank Exams

0 873
Q:

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 33708, and Rs 35730.48 respectively, what is the rate of interest?

A) 6 percent B) 3 percent
C) 12 percent D) 10 percent
 
Answer & Explanation Answer: A) 6 percent

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Exam Prep: Bank Exams

0 966
Q:

A bank offers 10% compound interest per half year. A customer deposits Rs. 2000 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 is

A) Rs 1240 B) Rs 310
C) Rs 155 D) Rs 620
 
Answer & Explanation Answer: D) Rs 620

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Exam Prep: Bank Exams

0 853