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Home Aptitude Compound Interest Comments

  • Question
  • 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

  • Correct Answer


  • Explanation

    [15000 *(1+r/100)^2-15000]-(15000*r*2)/100=96

    r=8

  • Tags: Bank Exams, Bank PO

    Compound Interest problems


    Search Results


    • 1. 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
    • 2. 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
    • 3. 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
    • 4. 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
    • 5. 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
    • 6. 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
    • 7. Calculate the future value of $3,000 invested at 7% for 5 years

    • Options
    • A. 4207.66
    • B. 5207
    • C. 4376
    • D. 5687
    • Discuss
    • 8. 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
    • 9. The periodic interest rate corresponding to: 9.75% compounded semiannually

    • Options
    • A. 4.875
    • B. 3.785
    • C. 4.865
    • D. 4.975
    • Discuss
    • 10. Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?

    • Options
    • A. 19296
    • B. 19396
    • C. 19496
    • D. 19596
    • Discuss


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