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Home Aptitude Compound Interest Comments

  • Question
  • The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is


  • Options
  • A. Rs.4000
  • B. Rs.500
  • C. Rs.600
  • D. Rs.800

  • Correct Answer
  • Rs.500 

    Explanation

    Let the sum be Rs. P.

    Then,[p(1+10/100)2-p]=525

    Sum =Rs.2500

    S.I.= Rs.(2500*5*4)/100


    = Rs. 500

  • Tags: Bank Exams, Bank PO

    Compound Interest problems


    Search Results


    • 1. At what rate of compound interest per annum will a sum of Rs 10000 become Rs 12321 in 2 years?

    • Options
    • A. 22 percent
    • B. 11 percent
    • C. 7 percent
    • D. 15 percent
    • Discuss
    • 2. Find the C.I. on Rs. 15,225 for 9 months at 16% per annum compounded quarterly ?

    • Options
    • A. Rs. 1911
    • B. Rs. 1909
    • C. Rs. 1901
    • D. Rs. 1907
    • Discuss
    • 3. The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is

    • Options
    • A. 6.06%
    • B. 6.07%
    • C. 6.08%
    • D. 6.09%
    • Discuss
    • 4. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. How much amount will Albert get on maturity of the fixed deposit

    • Options
    • A. Rs.8820
    • B. Rs.8620
    • C. Rs.8520
    • D. Rs.8320
    • Discuss
    • 5. Rs.100 doubled in 5 years when compounded annually. How many more years will it take to get another Rs.200 compound interest

    • Options
    • A. 3years
    • B. 5years
    • C. 6years
    • D. 7years
    • Discuss
    • 6. If you deposit $4000 into an account paying 6% annual interest compounded quarterly, how much money will be in the account after 5 years ?

    • Options
    • A. 3387.42
    • B. 4387.42
    • C. 5387.42
    • D. 6387.42
    • Discuss
    • 7. Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly.

    • Options
    • A. Rs. 676
    • B. Rs. 776
    • C. Rs. 1778
    • D. Rs. 2028
    • Discuss
    • 8. A woman invests Rs. 2000 at the start of each year at 5% C.I. per annum. How much will her investments be at the end of the 2nd year?

    • Options
    • A. Rs. 4305
    • B. Rs. 430
    • C. Rs. 4355
    • D. Rs. 4350
    • Discuss
    • 9. What is the compound interest (in Rs) for 1 year on a sum of Rs 20000 at the rate of 40% per annum compounding half yearly?

    • Options
    • A. 8000
    • B. 8650
    • C. 8750
    • D. 8800
    • Discuss
    • 10. Shawn invested one half of his savings in a bond that paid simple interest for 2 years and received Rs.550 as interest. He invested the remaining in a bond that paid compound interest, interest being compounded annually, for the same 2 years at the same rate of interest and received Rs.605 as interest. What was the value of his total savings before investing in thesetwo bonds?

    • Options
    • A. Rs.2543
    • B. Rs.2534
    • C. Rs.2546
    • D. Rs.2750
    • Discuss


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