Discussion
Home ‣ Aptitude ‣ Compound Interest Comments
- Question
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
- Correct Answer
- 2.5
- 1. 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
- 2. 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
- 3. In what time will Rs.1000 become Rs.1331 at 10% per annum compounded annually?
Options- A. 2years
- B. 3years
- C. 4years
- D. 5years Discuss
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. In how many years will Rs 25,000 yield Rs 8,275 as compound interest at 10% per annum compounded annually?
Options- A. 2
- B. 4
- C. 3
- D. 5 Discuss
- 9. 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.8600
- B. Rs.8830
- C. Rs.8500
- D. Rs.8820 Discuss
- 10. If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on the same at the same rate and for the same time?
Options- A. Rs.51.25
- B. Rs.52
- C. Rs.53
- D. Rs.54 Discuss
Compound Interest problems
Search Results
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: 7%
Explanation:
j=mi
Correct Answer: 3years
Explanation:
Principal = 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.
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: 10 percent
Correct Answer: 4
Correct Answer: 3
Correct Answer: Rs.8820
Explanation:
Amount
=Rs.[8000x(1+5/100)²]
= Rs.[8000 x 21/20x21/20]
= Rs.8820.
Correct Answer: Rs.51.25
Explanation:
Sum =Rs.(50 x 100/2x5)
= Rs. 500.
Amount
=[Rs.500x(1+5/100)²]
=Rs(500x21/20x21/20).
=Rs. 551.25
C.I
= Rs. (551.25 - 500)
= Rs. 51.25
Comments
There are no comments.More in Aptitude:
Programming
Copyright ©CuriousTab. All rights reserved.