Curioustab

Home » Aptitude » Compound Interest

What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

8000
8650
8750
8800

Correct Answer: 8800

← Previous Question Next Question→

More Questions from Compound Interest

Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?
Mr. Mike borrowed Rs. 8500 at 4% per annum C.I. The C.I. compounded annally for 2 years is :
If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi-annually, then interest earned is
What will Rs.1500 amount to in three years if it is invested in 20% p.a. compound interest, interest being compounded annually?
Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.
At 3% annual interest compounded monthly, how long will it take to double your money?
Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?
Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit ?
An article costs Rs 50 presently. The rate of inflation is 300%. What will be cost of this article after two years?
What is the least number of complete years in which a sum of money put out at 40% annual compound interest will be more than trebled?

Discussion & Comments

No comments yet. Be the first to comment!

Join Discussion