logo

CuriousTab

CuriousTab

Discussion


Home Aptitude Compound Interest Comments

  • Question
  • Find compound interest on Rs. 8000 at 15% per annum for 2 years 4 months, compounded annually


  • Options
  • A. 2109
  • B. 3109
  • C. 4109
  • D. 6109

  • Correct Answer
  • 3109 

    Explanation

    Time = 2 years 4 months = 2(4/12) years = 2(1/3) years.
    Amount = Rs'. [8000 X (1+(15/100))^2 X (1+((1/3)*15)/100)]
    =Rs. [8000 * (23/20) * (23/20) * (21/20)]
    = Rs. 11109. .
    :. C.I. = Rs. (11109 - 8000) = Rs. 3109.


  • Compound Interest problems


    Search Results


    • 1. If the price of 23 toys is 276, then what will the price of 12 toys ?

    • Options
    • A. 144
    • B. 148
    • C. 156
    • D. 186
    • Discuss
    • 2. An industrial loom weaves 0.128 metres of cloth every second. Approximately, how many seconds will it take for the loom to weave 25 metre of cloth ?

    • Options
    • A. 194 seconds
    • B. 195 seconds
    • C. 196 seconds
    • D. 197seconds
    • Discuss
    • 3. In a camp, there is a meal for 120 men or 200 children. If 150 children have taken the meal, how many men will be catered to with remaining meal?

    • Options
    • A. 50
    • B. 40
    • C. 30
    • D. 20
    • Discuss
    • 4. An industrial loom weaves 1.14 meters of cloth every second. Approximately, how much time will it take to weave 52 meters of cloth ?

    • Options
    • A. 29.32 sec
    • B. 42.51 sec
    • C. 39.25 sec
    • D. 45.61 sec
    • Discuss
    • 5. If the Price of 6 toys is Rs. 264.37, What will be the approximate price of 5 toys?

    • Options
    • A. Rs.120
    • B. Rs.100
    • C. Rs.200
    • D. Rs.220
    • Discuss
    • 6. A sum of money lent at compound interest for 2 years at 20% per annum would fetch Rs.482 more, if the interest was payable half yearly than if it was payable annually . The sum is

    • Options
    • A. 10000
    • B. 20000
    • C. 40000
    • D. 50000
    • Discuss
    • 7. The compound interest on rs.30000 at 7% per annum is Rs.4347. The period is

    • Options
    • A. 2 years
    • B. 2.5 years
    • C. 3 years
    • D. 4 years
    • Discuss
    • 8. A sum of money amounts to Rs.6690 after 3 years and to Rs.10,035 after 6 years on compound interest.find the sum.

    • Options
    • A. 4360
    • B. 4460
    • C. 4560
    • D. 4660
    • Discuss
    • 9. The difference between compound interest and simple interest on a certain sum of money for 2 years at 5% per annum is Rs. 41. What is the sum of money?

    • Options
    • A. Rs.7200
    • B. Rs.9600
    • C. Rs.16400
    • D. Rs.8400
    • Discuss
    • 10. Find the compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded half-yearly.

    • Options
    • A. 524.32
    • B. 624.32
    • C. 724.32
    • D. 824.32
    • Discuss


    Comments

    There are no comments.

Enter a new Comment