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Home Aptitude Compound Interest Comments

  • Question
  • What would be the least number of years in which the simple interest on Rs.2600 at % will be an exact number of rupees ?


  • Options
  • A. 2
  • B. 3
  • C. 4
  • D. 5

  • Correct Answer


  • Explanation

      S . I = R s . 2600 * 20 3 * 1 100 * t

      S . I = R s . 520 3 * t

     t=3

  • Tags: Bank Exams, Bank PO

    Compound Interest problems


    Search Results


    • 1. What is the least number of complete years in which a sum of money put out at 40% annual compound interest will be more than trebled?

    • Options
    • A. 3
    • B. 4
    • C. 5
    • D. 6
    • Discuss
    • 2. An article costs Rs 50 presently. The rate of inflation is 300%. What will be cost of this article after two years?

    • Options
    • A. Rs 200
    • B. Rs 600
    • C. Rs 800
    • D. Rs 1000
    • Discuss
    • 3. Albert invested Rs. 8000 in a scheme for 2 years at compound interest rate 5% p.a. How much amount will Albert get on maturity of the fixed deposit ?

    • Options
    • A. Rs. 8840
    • B. Rs. 8800
    • C. Rs. 8810
    • D. None
    • Discuss
    • 4. Find the principal if the interest compounded at the rate of 10% per annum for two years is Rs. 420 ?

    • Options
    • A. Rs. 2000
    • B. Rs. 2100
    • C. Rs. 1900
    • D. Rs. 2150
    • Discuss
    • 5. At 3% annual interest compounded monthly, how long will it take to double your money?

    • Options
    • A. 20.1
    • B. 21.1
    • C. 22.1
    • D. 23.1
    • Discuss
    • 6. If you deposit $8000 into an account paying 7% annual interest compounded quarterly, how long until there is $12400 in the account?

    • Options
    • A. 2.3
    • B. 3.3
    • C. 4.3
    • D. 6.3
    • Discuss
    • 7. $10,000 face value strip bond has 15 years remaining until maturity. If the prevailing market rate of return is 6.5% compounded semiannually, what is the fair market value of the strip bond?

    • Options
    • A. 1710.29
    • B. 2710.29
    • C. 3710.29
    • D. 4710.29
    • Discuss
    • 8. A five-year promissory note with a face value of $3500, bearing interest at 11% compounded semiannually, was sold 21 months after its issue date to yield the buyer 10% compounded quarterly.What amount was paid for the note

    • Options
    • A. 4336.93
    • B. 5336
    • C. 6336
    • D. 7336
    • Discuss
    • 9. There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate ?

    • Options
    • A. Rs. 5422
    • B. Rs. 5489
    • C. Rs. 3972
    • D. Rs. 6145
    • Discuss
    • 10. Compound interest earned on a sum for the second and the third years are Rs.1200 and Rs.1440 respectively. Find the rate of interest ?

    • Options
    • A. 20% p.a
    • B. 15% p.a
    • C. 18% p.a
    • D. 24% p.a
    • Discuss


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