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Home Aptitude Compound Interest Comments

  • Question
  • 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

  • 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

  • Tags: Bank Exams, Bank PO

    Compound Interest problems


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    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. The difference between the compound interest and simple interest on an amount of Rs.15000 for two years is Rs.96. what is the rate of interest per annum

    • Options
    • A. 8
    • B. 10
    • C. 12
    • D. 13
    • Discuss
    • 7. If you deposit $5000 into an account paying 6% annual interest compounded monthly, how long until there is $8000 in the account?

    • Options
    • A. 6.9
    • B. 7.9
    • C. 8.9
    • D. 9.9
    • Discuss
    • 8. Calculate the future value of $3,000 invested at 7% for 5 years

    • Options
    • A. 4207.66
    • B. 5207
    • C. 4376
    • D. 5687
    • Discuss
    • 9. Assume that money can be invested at 8% compounded quarterly,which is larger,$2500 now or $3800 in 5 years?

    • Options
    • A. 1557.29
    • B. 2557.29
    • C. 2567
    • D. 2457
    • Discuss
    • 10. The periodic interest rate corresponding to: 9.75% compounded semiannually

    • Options
    • A. 4.875
    • B. 3.785
    • C. 4.865
    • D. 4.975
    • Discuss


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