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Home Aptitude Compound Interest Comments

  • Question
  • The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:


  • Options
  • A. 625
  • B. 635
  • C. 645
  • D. 655

  • Correct Answer
  • 625 

    Explanation

    Let the sum be Rs. x. Then

    C.I=x[1+4/100)^2-x]=[626/675x-x]

    S.I=x^2/25

    C.I-S.I=1

  • Tags: Bank Exams, Bank PO

    Compound Interest problems


    Search Results


    • 1. Sharon Stone deposits $2000 at the end of each year in an account earning 10% compounded annually. Determine how much money she has after 25 years. How much interest did she earn?

    • Options
    • A. 146694.12
    • B. 13452
    • C. 18232
    • D. 15627
    • Discuss
    • 2. Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

    • Options
    • A. 1126.19
    • B. 1237
    • C. 2863
    • D. 1892
    • Discuss
    • 3. Give an investment of $13200,compound amount of $22680.06 invested for 8 years,what is the interest rate if interest rate is compounded anually?

    • Options
    • A. 6%
    • B. 5%
    • C. 7%
    • D. 8%
    • Discuss
    • 4. An amount of 5,000 is invested at a fixed rate of 8 per cent per annum. What amount will be the value of the investment in five years time, if the interest is compounded annually

    • Options
    • A. 7346.64
    • B. 8346
    • C. 3456
    • D. 4567
    • Discuss
    • 5. Calculate the effective interest rate of a 10% annual rate compounded continuously.

    • Options
    • A. 9.52%
    • B. 10.52%
    • C. 11.52%
    • D. 12.52%
    • Discuss
    • 6. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:

    • Options
    • A. 2
    • B. 3
    • C. 4
    • D. 5
    • Discuss
    • 7. For S = $21,000, payments (R) of $1500 at the end of each 6-month periodi= 10% compounded semi-annually. Find the minimum number of payments to accumulate 21,000.

    • Options
    • A. 10
    • B. 11
    • C. 12
    • D. 13
    • Discuss
    • 8. Sharon Stone deposits $500 at the beginning of each 3 months in an account earning 10% compounded quarterly. Determine how much money she has after 25 years

    • Options
    • A. 22681.19
    • B. 23456
    • C. 44577
    • D. 25685
    • Discuss
    • 9. What lump sum deposited today would allow payments of $2000/year for 7 years at 5% compounded annually?

    • Options
    • A. 11572.71
    • B. 11876
    • C. 189756
    • D. 11576
    • Discuss
    • 10. Kashundra Jones plans to make a lump sum deposit so that she can withdraw $3,000 at the end of each quarter for 10 years. Find the lump sum if the money earns 10% per year compounded quarterly

    • Options
    • A. 75263.64
    • B. 76345
    • C. 76389
    • D. 56897
    • Discuss


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