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:

In how many years will Rs 2,000 yield Rs 662 as compound interest at 10% per annum compounded annually?

A) 3 B) 2
C) 4 D) 5
 
Answer & Explanation Answer: A) 3

Explanation:
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6 1569
Q:

What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 25,000 at 20% per annum compounded semi-annually and annually?

A) 125 B) 250
C) 500 D) 375
 
Answer & Explanation Answer: B) 250

Explanation:
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0 1157
Q:

If the compound interest for the 3rd and 4th year on a certain principal is Rs 125 and Rs 135 respectively, what is the rate of interest (in %)?

A) 9 B) 10
C) 8 D) 12
 
Answer & Explanation Answer: C) 8

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0 1246
Q:

Rs 260200 is divided between Ram and Shyam so that the amount that Ram receives in 3 years is the same as that Shyam receives in 6 years. If the interest is compounded annually at the rate of 4% per annum then Ram's share is

A) 125000 B) 135200
C) 152000 D) 108200
 
Answer & Explanation Answer: B) 135200

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2 1466
Q:

A man borrowed some money and agreed to pay-off by paying Rs 3150 at the end of the 1st year and Rs 4410 at the end of the 2nd year. If the rate of compound interest is 5% per annum, then the sum is

A) Rs 5000 B) Rs 6500
C) Rs 7000 D) Rs 9200
 
Answer & Explanation Answer: C) Rs 7000

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0 1831
Q:

In 3 years Rs 3000 amounts to Rs 3993 at x% compound interest, compounded annually. The value of x is

A) 10 B) 8
C) 5 D) 3 1/3
 
Answer & Explanation Answer: A) 10

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0 913
Q:

The sum for 2 years gives a compound interest of Rs 3225 at 15% rate. Then sum is

A) 10000 B) 20000
C) 15000 D) 32250
 
Answer & Explanation Answer: A) 10000

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0 1017
Q:

A sum of money is invested at 20% compound interest (compounded annually). It would fetch Rs. 723 more if interest is compounded half-yearly. The sum

A) Rs.15,000 B) Rs.30,000
C) Rs.20,000 D) Rs.7,500
 
Answer & Explanation Answer: B) Rs.30,000

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3 1737