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- Question
On a certain principal if the simple interest for two years is Rs 2800 and compound interest for the two years is Rs 2996, what is the rate of Interest?
Options- A. 14 percent
- B. 7 percent
- C. 28 percent
- D. 21 percent
- Correct Answer
- 14 percent
- 1. A bank offers 10% compound interest per half year. A customer deposits Rs. 3600 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest is.
Options- A. Rs 1116
- B. Rs 2232
- C. Rs 558
- D. Rs 279 Discuss
- 2. At what rate of compound interest per annum will a sum of Rs 20000 become Rs 25088 in 2 years?
Options- A. 24 percent
- B. 8 percent
- C. 12 percent
- D. 16 percent Discuss
- 3. If compound interest received on a certain amount in the 3rd year is Rs. 12,100, what will be the compound interest (in Rs) for the 4th year on the same amount if rate of interest is 9%?
Options- A. 17080
- B. 15669
- C. 13189
- D. 14376 Discuss
- 4. In how many years will Rs 2,000 yield Rs 662 as compound interest at 10% per annum compounded annually?
Options- A. 3
- B. 2
- C. 4
- D. 5 Discuss
- 5. What is the difference (in Rs) in Compound interest earned in 1 year on a sum of Rs 25,000 at 20% per annum compounded semi-annually and annually?
Options- A. 125
- B. 250
- C. 500
- D. 375 Discuss
- 6. There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest (in rupees) of Rs 30000 after 2 years at the same rate?
Options- A. 6150
- B. 7687.5
- C. 4612.5
- D. 3075 Discuss
- 7. A bank offers 5% compound interest per half year. A customer deposits Rs 4800 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by way of interest?
Options- A. Rs 732
- B. Rs 1464
- C. Rs 366
- D. Rs 183 Discuss
- 8. There is 40% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 25000 after 3 years at the same rate?
Options- A. Rs 6492.8
- B. Rs 12985.6
- C. Rs 16232
- D. Rs 9739.2 Discuss
- 9. There is 40% increase in an amount in 8 years at simple interest. What will be the compound interest of Rs. 36000 after 2 years at the same rate?
Options- A. Rs 6150
- B. Rs 7687.5
- C. Rs 3690
- D. Rs 4612.5 Discuss
- 10. When 0.36 is written in simplest form, the sum of the numerator and the denominator is :
Options- A. 15
- B. 34
- C. 64
- D. 13 Discuss
Compound Interest problems
Search Results
Correct Answer: Rs 1116
Correct Answer: 12 percent
Correct Answer: 13189
Correct Answer: 3
Correct Answer: 250
Correct Answer: 3075
Correct Answer: Rs 732
Correct Answer: Rs 6492.8
Correct Answer: Rs 3690
Correct Answer: 34
Explanation:
0.36 = 36/100 = 9/25.
Sum of the numerator and denominator is 9 + 25 = 34
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