If the difference between compound interest at 8% p.a. and simple interest at 13/2 % p.a. on a certain sum of money for 2 years is Rs. 1820, then find the sum.
A sum of money compounded annually amounts to Rs.1375 in 5 years and Rs.1980 in 7 years. Find the annual rate of interest
A man saves Rs.20000 at the beginning of each year and puts the money in a bank that pays 5% interest per year, interest being compounded annually. How much would be the total savings of the man at the end of 5 years?
(Given that (1.05)5 = 1.276)
None of these
A loan is taken today and repaid in two annual instalments (paid at the end of the year) of Rs.2662 each. The rate of interest is 10% p.a and it is compounded annually. Find the sum borrowed.
A man borrowed Rs.55000 from two banks under compound interest, compounded annually. One bank charged interest at the rate of 8% per year and the other bank at 12% per year. If at the end of the year the man paid Rs.4900 as the total interest to the two banks, how much loan did he take from the first bank?
A man borrowed Rs.50000 at simple interest with the rate of interest not remaining constant for the entire period. He repaid the entire amount after 8 years. The rate of interest for the first two years is 8% p.a., for the next three years it is 10% p.a., for the next two years it is 5% p.a. and 7% for the last year. How much amount did he repay to clear his loan at the end of the period?
A certain sum, at compound interest, yields Rs. 1260 and Rs.1512 for the third and fourth years respectively. Find the sum
The difference between the compound interest and simple interest on a certain sum at 12% per annum for 2 years is Rs.126.72. Find the sum.
A man lent Rs. 25000 for one year under compound interest, to five persons. He lent Rs.5500 at 5% p.a. to the first person, Rs 4000 at 13/2 % p.a. to the second person, Rs.3500 at 11/2% p.a to the third person and Rs.7000 at 17/2% p.a. to the fourth person. At what rate of interest should he lend the remaining amount so that he gets an interest at 8% p.a. on the entire amount?
The difference between the interest earned under compound interest, interest being compounded annually and simple interest for two years on the same sum and at the same rate of interest is Rs.25.60. Find the sum if the rate of interest is 8% p.a.
A person invested a sum of Rs.P for 2 years, which is compounded annually at a rate of r% p a. Another person invested the same sum for same period at same rate at simple interest. The difference in their amounts after 2 years is found to be Rs.4P. Find the rate of interest at which they have invested their sums.
None of these
A person deposits an amount of Rs.10000 at 10% p.a compound interest. For the 1st year the interest is compounded annually. For 2nd year the interest is compounded half yearly. At the end of two years the sum amounts to
None of these
Ram bought a flat for Rs. 2 lakh. Shyam bought a plot of land for Rs. 2.5 lakhs. The rates of increase in the prices of the flat and the plot are 25% p.a. and 20% p.a. respectively. Ram and Shyam agreed to exchange their possessions after 2 years under the condition that one would pay the other the difference in the price. Which of the following holds true?
Ram has to pay Rs. 47500 to Shyam.
Shyam has to pay Rs. 47500 to Ram.
Neither of the two would have to pay any amount to the other.
None of the above.
A person invested Rs 20000 in a bank which is offering 10% per annum simple interest. After two years he withdrew the money from the bank and deposited the total amount in another bank which gives an interest rate of r% p.a. compounded annually. After 2 years he received an amount of Rs.2460 more than what he had invested in that bank. Find the value of r.
A person invested Rs.1000 at a rate of 10% p.a. After two years, his investment fetched an interest of Rs.210. He must have invested the sum under
None of these.
either 1] or 2]
The difference in compound interest earned on a certain sum, for which interest is compounded annually, in the first and the second year is Rs.140. If the rate of interest becomes thrice the original rate, then the difference in the amount would be
A sum of Rs.2310 is due to be repaid at the end of two years. If it has to be repaid in two equal annual instalments (the instalments being paid at the beginning of the year) at 10% p a. compounded annually, find the value of each instalment.
Find the present worth of Rs.1749.6 due in 2 years at 8% per annum compound interest.
A man borrowed Rs.25000 from a bank at 20% compound interest. At the end of every year he paid Rs.8000. At the end of the third year, he wanted to clear the loan. How much should he pay to clear the loan'?