Q&A - Ask Doubts and Get Answers

Sort by :
Clear All
Q

 

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

 

  • Option 1)

     

    12%           

     

  • Option 2)

     

     20%                    

     

  • Option 3)

     

    11%

     

  • Option 4)

     

     10%

     

  • Option 5)

     

    15%                        

     

Amount of 5 years = 1375 Rs. Amount of  7 years = 1980 Rs. Difference = 1980 -1375 = 605 Then R= 20 %

 

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?

 

  • Option 1)

     

    Rs.47500

     

  • Option 2)

     

    Rs.42500

     

  • Option 3)

     

    Rs.32500

     

  • Option 4)

     

    Rs.45200

     

  • Option 5)

     

    Rs.12500

     

Let if we lent the whole sum at 12 % of interest Difference B/W origibal and assumed Is is because of difference in rate of interest So  the sum is lent at 8 % interest

A certain sum, at compound interest, yields Rs. 1260 and Rs.1512 for the third and fourth years respectively. Find the sum

  • Option 1)

    Rs.4500         

  • Option 2)

       Rs.4375      

  • Option 3)

      Rs.4800   

  • Option 4)

    Rs 4425

  • Option 5)

    Rs.4650     

R% = difference amount after n And (n+1) years /amount after n years x 100 % Let us assume  P = 100 then Total interest when P = 100 is 28.8 3rd year interest given = 1260 Then the common value multiplied = 1260 /28.8 = 43.75 So principal = 43.75 x 100 =4375

test

  • Option 1)

  • Option 2)

  • Option 3)

  • Option 4)

  • Option 5)

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.

  • Option 1)

    100%               

  • Option 2)

    150%                      

  • Option 3)

      200%                   

  • Option 4)

    125%

  • Option 5)

        None of these

Principal = P Rate = R% Difference B/W C.I and S.I = D = PR2/1002 R = 200 %

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 

  • Option 1)

    Rs.12587.5                 

  • Option 2)

       Rs.12127.5            

  • Option 3)

        Rs.12367.5             

  • Option 4)

    Rs.12500.5         

  • Option 5)

       None of these

R =100 %

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?

  • Option 1)

    Ram has to pay Rs. 47500 to Shyam.

  • Option 2)

    Shyam has to pay Rs. 47500 to Ram.

  • Option 3)

    Neither of the two would have to pay any amount to the other.

  • Option 4)

    None of the above.

  • Option 5)

    -

%  %

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.

  • Option 1)

    5                     

  • Option 2)

    10               

  • Option 3)

    15          

  • Option 4)

     12

  • Option 5)

    11

%

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

  • Option 1)

     Simple Interest        

  • Option 2)

       Compound Interest   

  • Option 3)

    None of these.

  • Option 4)

       can't say

  • Option 5)

    either 1] or 2]        

210  = which is required interest So that the sum is put at compound interest

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

  • Option 1)

    Rs. 1000

  • Option 2)

    Rs. 1260                

  • Option 3)

     Rs 1820          

  • Option 4)

      Rs. 2520

  • Option 5)

    Rs. 420            

Difference of S.I and C.I for two years  

 

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.

 

  • Option 1)

     

    Rs.1210                       

     

  • Option 2)

     

     Rs.1000                  

     

  • Option 3)

     

     Rs.1100                

     

  • Option 4)

     

    Rs.1110  

     

  • Option 5)

     

        Rs.1331

     

  If 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 installments (the installments being paid at the beginning of the year) at 10% p a. compounded annually, Then the value of each installment is:

 

Find the present worth of Rs.1749.6 due in 2 years at 8% per annum compound interest.

 

  • Option 1)

     

    Rs.1200                      

     

  • Option 2)

     

    Rs.1220   

     

  • Option 3)

     

     Rs.1500          

     

  • Option 4)

     

         Rs.1650

     

  • Option 5)

     

    Rs.1400                 

     

The present worth of Rs.1749.6 due in 2 years at 8% per annum compound interest is:

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'?

  • Option 1)

    Rs.12400

  • Option 2)

    Rs.16040

  • Option 3)

    Rs.16000

  • Option 4)

    Rs.22080

  • Option 5)

    Rs.20800

After 1st year amount After paid 8000 remaining amount so clearing loan 22080 Rs. Was paid after 3rd year
Exams
Articles
Questions