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 the difference of the compound interest and the simple interest on a sum of money for 3 years is Rs. 186. Find the sum of money, if the rate of interest in both case be 10%

A) Rs. 5500 B) Rs.7200
C) Rs.6500 D) Rs.6000
 
Answer & Explanation Answer: D) Rs.6000

Explanation:
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0 924
Q:

The compound interest on Rs. 4000 for 4 years at 10% per annum will be

A) Rs. 1856.40 B) Rs. 1600
C) Rs. 1856 D) Rs. 1756.60
 
Answer & Explanation Answer: A) Rs. 1856.40

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0 844
Q:

The compound interest earned in two years at 12% per annum is Rs 10176. What is the sum (in Rs) invested?

A) 50000 B) 60000
C) 40000 D) 80000
 
Answer & Explanation Answer: C) 40000

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5 1450
Q:

If the amount received at the end of 2nd and 3rd year as Compound Interest on a certain Principal is Rs 2100, and Rs 2268 respectively, what is the rate (in %) of interest?

A) 7 B) 8
C) 9 D) 10
 
Answer & Explanation Answer: B) 8

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Exam Prep: Bank Exams

0 882
Q:

What is the difference (in Rs) between the compound interests on Rs. 4000 for 1 year at 12% per annum compounded yearly and half-yearly?

A) 14.4 B) 12.4
C) 10.4 D) 16.4
 
Answer & Explanation Answer: A) 14.4

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Exam Prep: Bank Exams

3 1308
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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2 1362
Q:

If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs) for the 4th year on the same amount at 9% rate of interest?

A) 1245.6 B) 1521.6
C) 1351.6 D) 1220.6
 
Answer & Explanation Answer: C) 1351.6

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0 1090
Q:

The difference between simple and compound interest (compounded annually) on a sum of money for 3 years at 10% per annum is Rs. 93. The sum (in Rs.) is:

A) 30000 B) 30300
C) 3000 D) 3030
 
Answer & Explanation Answer: C) 3000

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1 811