logo

CuriousTab

CuriousTab

Discussion

Home ‣ Aptitude ‣ Compound Interest Comments
  • Question

  • Divide Rs. 1301 between A and B, so that the amount of A after 7 years is equal to the amount of B after 9 years, the interest being compounded at 4% per annum.


  • Options
  • A. Rs.625
  • B. Rs.626
  • C. Rs.286
  • D. Rs.627

  • Correct Answer
  • Rs.625 

    Explanation

    Let the two parts be Rs. x and Rs. (1301 - x).

      x 1 + 4 100 7 = 1301 - x 1 + 4 100 9

      x 1301 - x = 1 + 4 100 2 = 26 25 * 25 26

     

    => 625x=676(1301-x) 

    1301x=676 x 1301x=676.
    So,the parts are rs.676 and rs.(1301-676)i.e rs.676 and rs.625

    • Compound Interest problems

    Search Results

    • 1. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

    • Options
    • A. Rs.512
    • B. Rs.515
    • C. Rs.612
    • D. Rs.522
      • Discuss
    • 2. The population of a town was 3600 three years back. It is 4800 right now. What will be the population three years down the line, if the rate of growth of population has been constant over the years and has been compounding annually?

    • Options
    • A. Rs.600
    • B. Rs,6400
    • C. Rs.6500
    • D. Rs.6600
      • Discuss
    • 3. The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Rs. 1. The sum (in Rs.) is:

    • Options
    • A. 620
    • B. 630
    • C. 640
    • D. 625
      • Discuss
    • 4. The difference between simple interest and compound interest of a certain sum of money at 20% per annum for 2 years is Rs. 56. Then the sum is :

    • Options
    • A. Rs. 3680
    • B. Rs. 2650
    • C. Rs. 1400
    • D. Rs. 1170
      • Discuss
    • 5. On a sum of money, the simple interest for 2 years is Rs. 660,while the compound interest is Rs.696.30,the rate of interest being the same in both the cases. The rate of interest is

    • Options
    • A. 10%
    • B. 11%
    • C. 12%
    • D. 13%
      • Discuss
    • 6. A certain sum is to be divided between A and B so that after 5 years the amount received by A is equal to the amount received by B after 7 years. The rate of interest is 10%, interest compounded annually. Find the ratio of amounts invested by them.

    • Options
    • A. 121:100
    • B. 125:100
    • C. 100:121
    • D. 100:125
      • Discuss
    • 7. The principal that amounts to Rs.4913 in 3 years at 413 % per annum compound interest compounded annually is

    • Options
    • A. Rs.3096
    • B. Rs.4076
    • C. Rs.4085
    • D. Rs.4096
      • Discuss
    • 8. A man invests Rs.5000 for 3 years at 5% p.a. compound interest reckoned yearly. Income tax at the rate of 20% on the interest earned is deducted at the end of each year. Find the amount at the end of the third year

    • Options
    • A. Rs.5624.32
    • B. Rs.5423
    • C. Rs.5634
    • D. Rs.5976
      • Discuss
    • 9. Compound interest on a certain sum of money at 20% per annum for 2 years is Rs.5995. What is the SI on the same money at 8% per annum for 6 years ?

    • Options
    • A. Rs. 5989
    • B. Rs. 6540
    • C. Rs. 7844
    • D. Rs. 6789
      • Discuss
    • 10. A certain sum is invested for 2 years in scheme M at 20% p.a. compound interest (compounded annually), Same sum is also invested for the same period in scheme N at k% p.a. simple interest. The interest earned from scheme M is twice of that earned from scheme N. What is the value of k?

    • Options
    • A. 7
    • B. 11
    • C. 9
    • D. 13
      • Discuss

    Comments

    There are no comments.
Enter a new Comment




Aptitude

Engineering

Programming

Reasoning

Links

Copyright ©CuriousTab. All rights reserved.