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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


  • Line chart problems


    Search Results


    • 1. 
      What is the approximate average profit made by company A in all the years together?

    • Options
    • A. Rs. 3,82,000
    • B. Rs. 3,98,000
    • C. Rs. 4,83,000
    • D. Rs. 5,12,000
    • Discuss
    • 2. 
      If the expenditure of company B in the year 2008 was Rs. 22,11, 430, what was its income in that year?

    • Options
    • A. Rs. 26,11,430
    • B. Rs. 27,11,430
    • C. Rs. 28,14,680
    • D. Rs. 32,09,670
    • Discuss
    • 3. 
      If the income of company A in the year 2007 was Rs. 13,54,500. what its expenditure in that year?

    • Options
    • A. Rs. 6,48,200
    • B. Rs. 7,54,300
    • C. Rs. 8,33,500
    • D. Rs. 921,600
    • Discuss
    • 4. 
      Profit made by Company A in the year 2004 was what percent of the total profit made by all the three companies in that year?

    • Options
    • A. 21.43%
    • B. 28.24%
    • C. 31.25%
    • D. 36.25%
    • Discuss
    • 5. 
      What is the percent increase in profit of company C in the year 2004 from the previous year?

    • Options
    • A. 7
    • B. 14
    • C. 21
    • D. 28
    • Discuss
    • 6. 
      In 2007 Saurabh invested an amount of Rs. 12000 in company 'A' and amount of Rs. 15,000 in Company 'B' for one year. What was the total interest accrued?

    • Options
    • A. Rs. 3600
    • B. Rs. 3800
    • C. Rs. 3900
    • D. Rs. 4100
    • Discuss
    • 7. 
      Samir invested Rs.10,000 in the company 'A' for one year in 2006. He reinvested the total amount along with interest for next one year in 2007. If he had invested for both years in the Company 'B', what would have been the difference between the interests earned?

    • Options
    • A. Rs. 16.50 less
    • B. Rs. 116.50 more
    • C. Rs. 128.50 less
    • D. Rs. 128.50 more
    • Discuss
    • 8. 
      An amount of Rs. 20,000 was invested in Company 'B' in 2008 and after one year the entire amount along with interest was will be reinvested in the Company A for one more year. What will be total amount of interest accrued?

    • Options
    • A. Rs. 5199
    • B. Rs. 5762.50
    • C. Rs. 5533.75
    • D. Rs. 54.25
    • Discuss
    • 9. 
      Madhava invested Rs. 1500 in Company 'B' in 2005 for two years with a condition to get the compound interest at the same rate as 2005. What was the amount of interest earned?

    • Options
    • A. Rs. 4387.75
    • B. Rs. 4578.50
    • C. Rs. 4578.75
    • D. Rs. 4837.50
    • Discuss
    • 10. 
      For which months did the sale of commodities A and D show increase?

    • Options
    • A. April only
    • B. May and June only
    • C. May, June and July only
    • D. April, May and June only
    • Discuss


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