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  • Question
  • Gopal invested an amount of Rs. 25,000 in company A in 2003 for one year. Thereafter in 2004 he invested the amount along with interest in Company 'B' for one year? What was the total amount of interest earned in the two years together?


  • Options
  • A. Rs. 6218.75
  • B. Rs. 6800
  • C. Rs. 6920
  • D. Rs. 7200

  • Correct Answer
  • Rs. 6920 

    Explanation

    Simple interest formula I = P x R x T where
    P is the Principal amount of money to be invested at an Interest Rate R% per period for T Number of Time Periods.


    Interests earned by Gopal from Company A in 2003 = 25000 x 12 x 1/100
    Interests earned by Gopal from Company A in 2003 = 250 x 12 = 3000
    Total amount in the end of year 2003 = 25000 + 3000 = 28000
    Interests earned by Gopal from Company B in 2004 = 28000 x 14 x 1/100
    Interests earned by Gopal from Company B in 2004 = 280 x 14
    Interests earned by Gopal from Company B in 2004 = 3920
    Total interests accrued by Gopal in 2003 and 2004 from company A and company B = 3000 + 3920
    Total interests accrued by Gopal in 2003 and 2004 from company A and company B = Rs. 6920


  • More questions

    • 1. 
      What is the total number of girls enrolled in Painting from all the Institutes together?

    • Options
    • A. 1100
    • B. 1150
    • C. 1200
    • D. 1275
    • Discuss
    • 2. 
      Annual mean profit of the store (rupees in ten thousand) is approximately:

    • Options
    • A. 8.5
    • B. 8.6
    • C. 8.7
    • D. 9.0
    • Discuss
    • 3. 
      During which of the following successive weeks number of persons killed came down to a minimum level?

    • Options
    • A. 28 July - 4 August
    • B. 7 July - 14 July
    • C. 30 June - 7 July
    • D. 21 July - 28 July
    • Discuss
    • 4. 
      If the income of Company A in 2002 was $ 600 billion, what was its expenditure?

    • Options
    • A. $ 360billion
    • B. $ 480 billion
    • C. $ 375 billion
    • D. Cannot be determined
    • Discuss
    • 5. 
      Graph shows that the maximum amount was spent on:

    • Options
    • A. Food
    • B. Housing
    • C. Clothing
    • D. Others
    • Discuss
    • 6. 
      The production of which type of cars was 25% of the total production of all types of cars during 1993?

    • Options
    • A. S
    • B. R
    • C. Q
    • D. P
    • Discuss
    • 7. 
      What is the percent increase in the number of Executives recruited by organisation R in 2005 from the previous year? (Rounded off to two digits after decimal)

    • Options
    • A. 18.67
    • B. 12.92
    • C. 16.48
    • D. 13.21
    • Discuss
    • 8. 
      What was the percentage drop in the production of food-grains from 1991 to 1992?

    • Options
    • A. 15
    • B. 20
    • C. 25
    • D. 30
    • Discuss
    • 9. 
      In the art faculty number of students who have opted the course of stenography is how much percent of the total student in the faculty?

    • Options
    • A. 27%
    • B. 10%
    • C. 18%
    • D. 15%
    • Discuss
    • 10. 
      If the miscellaneous charges are Rs. 6000, the advertisement charges are:

    • Options
    • A. Rs. 10,000
    • B. Rs. 12,000
    • C. Rs. 25,000
    • D. Rs. 27,000
    • Discuss


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