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  • Question
  • A sum of money amounts to Rs. 702 in 2 years and Rs. 783 in 3 years. The rate percent is?


  • Options
  • A. 12% per annum
  • B. 13% per annum
  • C. 14% per annum
  • D. 15% per annum

  • Correct Answer
  • 15% per annum 

    Explanation

    S.I. for 1 year = Rs. (783 - 702) = Rs 81
    S.I. for 2 years = Rs. (81 x 2) = Rs. 162
    ? Sum = Rs. (702 - 162) = Rs. 540
    ? Required rate = = (100 x SI) / (P x T) = (100 x 162) / (540 x 2) % = 15%


  • More questions

    • 1. 
      A man arranges to pay off a debt of ?3600 in 40 annual installments which form an Arithmetic Progression (A.P). When 30 of the installments are paid, he dies leaving one-third of the debt unpaid . Find the value of the first installment.

    • Options
    • A. 55
    • B. 53
    • C. 51
    • D. 49
    • Discuss
    • 2. A and B started a partnership business investing some amount in the ratio of 3 : 5. C joined then after six months with an amount equal to that of B. In what proportion should the profit at the end of one year be distributed among A, B and C?

    • Options
    • A. 3 : 5 : 2
    • B. 3 : 5 : 5
    • C. 6 : 10 : 5
    • D. Data inadequate
    • Discuss
    • 3. 
      What amount will be received on a sum of Rs 15000 in 1 1/ 4 yr at 12% pa, if interest is compounded quarterly?

    • Options
    • A. Rs 16596.88
    • B. Rs 16789.08
    • C. Rs 17630.77
    • D. Rs 17389.12
    • Discuss
    • 4. 
      A garrison of 500 persons had provisions for 27 days. After 3 days a reinforcement of 300 persons arrived. For how many more days will the remaining food last now?

    • Options
    • A. 27 days
    • B. 28 days
    • C. 26 days
    • D. 15 days
    • Discuss
    • 5. 
      The Fourth term of an Arithmetic Progression is 37 and the Sixth term is 12 more than the Fourth term. What is the sum of the Second and Eight terms?

    • Options
    • A. 54
    • B. 64
    • C. 74
    • D. 84
    • Discuss
    • 6. 
      A loan was repaid in two annual instalments of Rs. 121 each. if the rate of interest be 10% per annum. compounded annually, the sum borrowed was?

    • Options
    • A. Rs. 200
    • B. Rs. 210
    • C. Rs. 217.80
    • D. Rs. 280
    • Discuss
    • 7. 
      The population of a city increases at the rate of 5% pa. If the present population of the city is 185220, then what was its population 3 yr ago?

    • Options
    • A. 181500
    • B. 183433
    • C. 160000
    • D. 127783
    • Discuss
    • 8. A sum of money at simple interest amounts to Rs. 815 in 3 years and to Rs. 854 in 4 years. The sum is:

    • Options
    • A. Rs. 650
    • B. Rs. 690
    • C. Rs. 698
    • D. Rs. 700
    • Discuss
    • 9. 
      3 men can do a piece of work in 18 days. 6 boys can also do the same work in 18 days. In how many days, 4 men and 4 boys together will finish the work?

    • Options
    • A. 10 days
    • B. 6 days
    • C. 12 days
    • D. 9 days
    • Discuss
    • 10. 
      8 men can complete a work in 12 days, 4 women can complete it in 48 days and 10 children can complete the same work in 24 days. In how many days can 10 men, 4 women and 10 children complete the same work?

    • Options
    • A. 10 days
    • B. 5 days
    • C. 7 days
    • D. 6 days
    • Discuss


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