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- Question
In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?
Options- A. 2years
- B. 3years
- C. 4years
- D. 5years
- Correct Answer
- 3years
ExplanationPrincipal = Rs.1000;
Amount = Rs.1331;
Rate = Rs.10%p.a.
Let the time be n years.Then
[1000(1+10/100)?n;]
= 1331.
= (1331/1000)
= (11/10)³
Therefore n = 3 years.
- 1. 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.1650
- B. Rs.1550
- C. Rs.1750
- D. Rs.1850 Discuss
- 2. 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
- 3. If the difference between the compound interest and the simple interest on a certain sum at the rate of 5% per annum for 2 years is Rs. 20, then the sum is
Options- A. Rs. 2000
- B. Rs. 4000
- C. Rs. 6000
- D. Rs. 8000 Discuss
- 4. On a certain principal if the simple interest for two years is Rs 1400 and compound interest for the two years is Rs 1449, what is the rate of Interest?
Options- A. 7 percent
- B. 3.5 percent
- C. 14 percent
- D. 10 percent Discuss
- 5. At what rate of compound interest per annum will a sum of Rs 20000 become Rs 23328 in 2 years?
Options- A. 8 percent
- B. 16 percent
- C. 24 percent
- D. 12 percent Discuss
- 6. Determine the nominal rate of interest if: The periodic rate is 1.75% per quarter.
Options- A. 7%
- B. 8%
- C. 9%
- D. 10% Discuss
- 7. A $1000 face value Series S50 compound interest Canada Savings Bond (CSB) was presented to a credit union branch for redemption.What amount did the owner receive if the redemption was requested on:January 17, 2001?
Options- A. 1206
- B. 1306
- C. 1406
- D. 1506 Discuss
- 8. What is the difference (in Rs) between the compound interests on Rs. 1000 for 1 year at 10% per annum compounded yearly and half-yearly?
Options- A. 1.5
- B. 0.5
- C. 2.5
- D. 3.5 Discuss
- 9. If the amount received at the end of 2nd and 3rd year at compound interest on a certain Principal is Rs 30250, and Rs 33275 respectively, what is the rate of interest?
Options- A. 10 percent
- B. 5 percent
- C. 20 percent
- D. 16 percent Discuss
- 10. A sum of Rs. 2000 amounts to Rs. 4000 in two years at compound interest. In how many years does the same amount becomes Rs. 8000.
Options- A. 2
- B. 4
- C. 6
- D. 8 Discuss
Compound Interest problems
Search Results
Correct Answer: Rs.1750
Explanation:
C.I. =Rs[4000x(1+10/100)²-4000]
Rs.(4000x11/10x11/10-4000) = Rs.940.
Sum
=Rs. [420 *100 /3 * 8]
= Rs.1750.
Correct Answer: Rs.612
Explanation:
Amount
= Rs[7500x(1+4/100)²]
=Rs.(7500 * 26/25 * 26/25)
=Rs.8112
C.I
= Rs(8112 - 7500)
=Rs.612
Correct Answer: Rs. 8000
Correct Answer: 7 percent
Correct Answer: 8 percent
Correct Answer: 7%
Explanation:
j=mi
Correct Answer: 1306
Explanation:
I = ptr
Therefore, the total amount the owner received on January 17, 2001 was
$1295.57 + $10.47 = $1306.04
Correct Answer: 2.5
Correct Answer: 10 percent
Correct Answer: 4
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