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- Question
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
- Correct Answer
- Rs.5624.32
- 1. 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 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. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.
Options- A. 612
- B. 712
- C. 812
- D. 912 Discuss
- 4. The difference between simple interest and compound interest on Rs. 1200 for one year at 10% per annum reckoned half yearly is
Options- A. Rs.2.50
- B. Rs.3
- C. Rs.4
- D. Rs.4.50 Discuss
- 5. 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
- 6. 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
- 7. 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
- 8. 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
- 9. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is
Options- A. Rs.156.25
- B. Rs.150
- C. Rs.140
- D. Rs125.25 Discuss
- 10. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is:
Options- A. Rs.1550
- B. Rs.1650
- C. Rs,1750
- D. Rs.1850 Discuss
Compound Interest problems
Search Results
Correct Answer: Rs.625
Explanation:
Let the two parts be Rs. x and Rs. (1301 - x).
=> 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
Correct Answer: Rs,6400
Explanation:
The population grew from 3600 to 4800 in 3 years. That is a growth of 1200 on 3600 during three year span.
Therefore, the rate of growth for three years has been constant.
The rate of growth during the next three years will also be the same.
Therefore, the population will grow from 4800 by = 1600
Hence, the population three years from now will be 4800 + 1600 = 6400
Correct Answer: 612
Explanation:
Amount = Rs [7500*(1+(4/100)2] = Rs (7500 * (26/25) * (26/25) ) = Rs. 8112.
therefore, C.I. = Rs. (8112 - 7500) = Rs. 612.
Correct Answer: Rs.3
Explanation:
S.I
= Rs.(1200x10x1/100)
= Rs.120.
C.I
= Rs[(1200x1+5/100)² -1200]
= Rs.123.
Difference
= Rs.[123-120]
= Rs. 3.
Correct Answer: Rs. 1400
Explanation:
We know thatThe Difference between Compound Interest and Simple Interest for n years at R rate of interest is given by
Here n = 2 years, R = 20%, C.I - S.I = 56
Correct Answer: Rs.4096
Explanation:
principal =
= Rs.4096
Correct Answer: Rs. 6540
Correct Answer: 11
Explanation:
Interest earned in scheme M =
Interest earned in scheme N =
Now, from the given data,
k = 11
Correct Answer: Rs.156.25
Explanation:
Present Worth
=
=
= Rs.156.25
Correct Answer: Rs,1750
Explanation:
C.I.= Rs.[4000*(1+10/100)^2-4000]
=Rs.840
sum=Rs.(420 * 100)/3*8=Rs.1750
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