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Home Aptitude Compound Interest Comments

  • Question
  • 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

  • Correct Answer
  • Rs.156.25 

    Explanation

     

    Present Worth

     

    = P 1 + R 100 2

     

    = 169 1 + 4 100 2

     

    = Rs.156.25

  • Tags: Bank Exams, Bank PO

    Compound Interest problems


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    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. 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
    • 7. Find the compound interest on Rs. 6,500 for 4 years if the rate of interest is 10% p.a. for the first 2 years and 20% per annum for the next 2 years?

    • Options
    • A. Rs. 3845
    • B. Rs. 4826
    • C. Rs. 5142
    • D. Rs. 4415
    • Discuss
    • 8. What is the interest rate per annum, if a sum of money invested at compound interest amount to Rs. 2400 in 3 years and in 4 years to Rs. 2,520?

    • Options
    • A. 3.5%
    • B. 4%
    • C. 5%
    • D. 6.5%
    • Discuss
    • 9. A sum is equally invested in two different schemes on CI at the rate of 15% and 20% for two years. If interest gained from the sum invested at 20% is Rs. 528.75 more than the sum invested at 15%, find the total sum?

    • Options
    • A. Rs. 7000
    • B. Rs. 4500
    • C. Rs. 9000
    • D. Rs. 8200
    • Discuss
    • 10. The compound interest on Rs. 8000 for 3 year at 10% p.a. is

    • Options
    • A. 2648
    • B. 2145
    • C. 2587
    • D. 2784
    • Discuss


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