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:

If Rs. 10000 amounts to Rs. 11664 invested in compound interest(compounded annually) for two years then the annual rate of compound interest is

A) 10% B) 9%
C) 8% D) 6%
 
Answer & Explanation Answer: C) 8%

Explanation:
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1 1634
Q:

A bank offers 15% compound interest per half year. A customer deposits Rs 2400 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 2268 B) Rs 1134
C) Rs 567 D) Rs 283
 
Answer & Explanation Answer: B) Rs 1134

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4 1624
Q:

A bank offers 15% compound interest per half year. A customer deposits Rs 8800 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 8315 B) Rs 2079
C) Rs 4158 D) Rs 1039
 
Answer & Explanation Answer: C) Rs 4158

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3 2287
Q:

If the amount received at the end of 2nd and 3rd year at Compound Interest on a certain Principal is Rs 1,800, and Rs 1,926 respectively, what is the rate of interest?

A) 7.5% B) 7%
C) 6% D) 6.5%
 
Answer & Explanation Answer: B) 7%

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0 934
Q:

At what rate of compound interest (in %) per annum will a sum of Rs. 15,000 become Rs. 18,150 in 2 years?

A) 11 B) 10
C) 9 D) 12
 
Answer & Explanation Answer: B) 10

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4 1349
Q:

At what rate of compound interest per annum will a sum of Rs 20000 become Rs 23328 in 2 years?

A) 8 percent B) 16 percent
C) 24 percent D) 12 percent
 
Answer & Explanation Answer: A) 8 percent

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Exam Prep: Bank Exams

5 1559
Q:

What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?

A) 1.5 B) 0.5
C) 2.5 D) 3.5
 
Answer & Explanation Answer: C) 2.5

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3 974
Q:

The compound interest earned in two years at 8% per annum is Rs 4160. What is the sum (in Rs) invested?

A) 24000 B) 25000
C) 30000 D) 20000
 
Answer & Explanation Answer: B) 25000

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8 1336