Curioustab

Home » Aptitude » Compound Interest

On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, what is the rate of Interest?

14 percent
7 percent
28 percent
21 percent

Correct Answer: 14 percent

← Previous Question Next Question→

More Questions from Compound Interest

If the difference between the compound interest and the simple interest on a certain sum at the rate of 5% per annum for 2 years is Rs. 20, then the sum is
Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually
In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?
Determine the nominal rate of interest if: The periodic rate is 1.75% per quarter.
A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?
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?
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?
In how many years will Rs 25,000 yield Rs 8,275 as compound interest at 10% per annum compounded annually?
Albert invested an amount of Rs.8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit ?
If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion