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Home Aptitude Compound Interest See What Others Are Saying!
  • Question
  • Find the compound interest for a sum of ? 9375 in 2 yr, if the rate of interest for the first year is 2% and for the second year is 4%.


  • Options
  • A. ? 570
  • B. ? 670
  • C. ? 770
  • D. ? 760

  • Correct Answer
  • ? 570 

    Explanation

    Given, P = ? 9375, R1 = 2% and R2 = 4%
    According to the formula,
    A = P (1 + R1/100) (1 + R2/100)
    = 9375 (1 + 2/100) (1 + 4/100)
    = 9375 x (51/50) x (26/25)
    = 7.5 x 51 x 26
    = ? 9945

    Now CI = A - P = 9945 - 9375 = ? 570


  • More questions

    • 1. The banker's discount on Rs. 1800 at 12% per annum is equal to the true discount on Rs. 1872 for the same time at the same rate. Find the time.

    • Options
    • A. 7 months
    • B. 6 months
    • C. 3 months
    • D. 4 months
    • Discuss
    • 2. Average of all even numbers between 222 and 250 is __________.

    • Options
    • A. 234
    • B. 232
    • C. 236
    • D. 230
    • Discuss
    • 3. If compound interest received on a certain amount in the 2nd year is Rs 1200, what will be the compound interest (in Rs) for the 4th year on the same amount at 10% rate of interest?

    • Options
    • A. 1452
    • B. 1320
    • C. 1552
    • D. 1420
    • Discuss
    • 4. In a one day match of 50 overs in an innings the team A had a run rate of 5.3 runs per over. Team B is playing and 5 overs are left and the required run rate to tie the match is 7.2 per over to match the score of Team A. What is team B's score?

    • Options
    • A. 265
    • B. 238
    • C. 254
    • D. 229
    • Discuss
    • 5. A milk merchant buys 50 litres of milk at the rate of Rs 40 per litre and mixes 5 litres of water in it. If he sells this mixture at the rate of Rs 42 per litre, then what is the profit percentage for the dealer?

    • Options
    • A. 17.2
    • B. 14.4
    • C. 16.6
    • D. 15.5
    • Discuss
    • 6. A quadrilateral is inscribed in a circle. If the opposite angles of the quadrilateral are equal and length of its adjacent sides are 6 cm and 8 cm, what is the area of the circle?

    • Options
    • A. 64? sq cm
    • B. 25? sq cm
    • C. 36? sq cm
    • D. 49? sq cm
    • Discuss
    • 7. The average score of boys in an examination in a school is 81 and that of the girls is 83 and the average score of the school is 81.8. Then what will be ratio between the number of girls to the number of boys, in the examination?

    • Options
    • A. 3:2
    • B. 2:3
    • C. 4:3
    • D. 3:4
    • Discuss
    • 8. A man goes down stream with a boat to some destination and returns upstream to his original place in 5 hours. If the speed of the boat in still water and the strean are 10km/hr and 14km/hr respectively, the distance of the destination from the string place is

    • Options
    • A. 16 km
    • B. 18 km
    • C. 21 km
    • D. 25 km
    • Discuss
    • 9. The banker's gain on a sum due 3 years hence at 12% per annum is Rs. 270. The banker's discount is:

    • Options
    • A. 1315
    • B. 1150
    • C. 1020
    • D. 980
    • Discuss
    • 10. A tower is broken at a point P above the ground. The top of the tower makes an angle 60° with the ground at Q. From another point R on the opposite sideof Q angle of elevation of point P is 30°. If QR = 180 m, then what is the total height (in metres) of the tower?

    • Options
    • A. 90
    • B. 45?3
    • C. 45(?3+1)
    • D. 45(?3+2)
    • Discuss


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