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  • 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.61.25
  • C. Rs.51
  • D. Rs.42

  • Correct Answer
  • Rs.51.25 

    Explanation

    Sum = Rs.(50*100)/2*5=Rs.500

    Amount=Rs.[500*(1+5/100)2]

    = Rs. 551.25

     

     C.I = Rs.(551.25-500)= Rs.51.25

    • Tags: Bank Exams, Bank PO

    Compound Interest problems

    Search Results

    • 1. What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.

    • Options
    • A. I alone sufficient while II alone not sufficient to answer
    • B. II alone sufficient while I alone not sufficient to answer
    • C. Either I or II alone sufficient to answer
    • D. Either I or II alone sufficient to answer
      • Discuss
    • 2. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

    • Options
    • A. 3years
    • B. 2years
    • C. 4years
    • D. 6years
      • Discuss
    • 3. What is the difference between the compound interests on Rs. 5000 for 112 years at 4% per annum compounded yearly and half-yearly?

    • Options
    • A. Rs.3.06
    • B. Rs.2.04
    • C. Rs.3.65
    • D. Rs.5.40
      • Discuss
    • 4. Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.

    • Options
    • A. Rs.2522
    • B. Rs.2422
    • C. Rs.3522
    • D. Rs.2322
      • Discuss
    • 5. If the amount received at the end of 2nd and 3rd year at compound Interest on a certain Principal is Rs 9,600 and Rs 10,272 respectively, what is the rate of interest (in %)?

    • Options
    • A. 7
    • B. 8
    • C. 6
    • D. 5
      • Discuss
    • 6. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is

    • Options
    • A. Rs.2
    • B. Rs.3
    • C. Rs.4
    • D. Rs.5
      • Discuss
    • 7. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum?

    • Options
    • A. 8
    • B. 10
    • C. 12
    • D. 14
      • Discuss
    • 8. An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200

    • Options
    • A. I alone sufficient while II alone not sufficient to answer
    • B. alone sufficient while I alone not sufficient to answer
    • C. Both I and II are not sufficient to answer
    • D. Both I and II are necessary to answer
      • Discuss
    • 9. If you deposit $6500 into an account paying 8% annual interest compounded monthly, how much money will be in the account after 7 years?

    • Options
    • A. 11358.24
    • B. 12334
    • C. 15789
    • D. 12386
      • Discuss
    • 10. How much money would you need to deposit today at 9% annual interest compounded monthly to have $12000 in the account after 6 years?

    • Options
    • A. 9007
    • B. 4007
    • C. 7007.08
    • D. 8oo7
      • Discuss

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