A sum of money under compound interest doubles itself in 4 years. In how many years will it become 16 times itself?
12 years
16 years
8 years
None of these
Opectio 3
View Full Answer(30)A certain loan amounts, under compound interest, compounded annually earns an interest of Rs.1980 in the second year and Rs.2178 in the third year. How much interest did it earn in the first year?
Rs.1600
Rs.1800
Rs.1900
None of these
1800
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The interest on a certain sum lent at compound interest, the interest being compounded annually, in the 2nd year is Rs.1200. The interest on it in the 3rd year is Rs 1440. Find the rate of interest per annum.
10%
15%
20%
25%
10%
View Full Answer(2)If Rs.2000 amounts to Rs.2880 in 2 years at compound interest, what is the rate of interest per annum if the interest is being compounded annually?
10%
20%
15%
25%
20%
View Full Answer(2)
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Find the compound interest earned on Rs.20000 for 2 years at 10% p.a. the interest being compounded annually.
Rs.2100
Rs.4200
Rs.6300
Rs.5600
4200
View Full Answer(2)Find the compound interest on Rs. 5000 in 2 years at 4% per annum, the interest being compounded half yearly.
R 412.16
R 312.16
R 400.16
R 420.16
412.16
View Full Answer(4)24. Raju took a loan at 8% per annum simple interest for a period of 5 years. At the end of five years he paid Rs.10640 to clear his loan. How much loan did he take?
Rs.8500
Rs.8000
Rs.7700
Rs.7600
7600 right answer this question
View Full Answer(2)14. Find the present value (in Rs.) of Rs.3000 due after 5 years at 10% p.a. simple interest.
1500
1800
2000
2500
Option a 1500
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A person invested a sum of Rs.750 in a bank at simple interest. After 5 years he received Rs.1200. Find the rate of interest offered by the bank.
10% p.a
11% p a
14% p a
12% p.a
20% p.a
%
A person borrowed Rs 1000 at the rate of 10% per annum simple interest. What is the amount he has to pay after 5 years to clear the debt?
Rs.1564
Rs.1520
Rs.1500
Rs.1550
Rs.1532
P = 1000, R = 10% , T = 5 years
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