A bill falls due in 1 year.The creditor agrees to accept immediate payment of th

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Question
A bill falls due in 1 year.The creditor agrees to accept immediate payment of the half and to defer the payment of the other half for 2 years.By this arrangement ins Rs.40.what is the amount of the bill,if he money be worth 12.5%?
Options
A. 1200
B. 3000
C. 3600
D. 1300

Correct Answer

3600

Explanation

Let the sum be Rs. x. Then,

$[\frac{x}{2} + \frac{\frac{x}{2} � 100}{100 + (\frac{25}{2} � 2)}] - \frac{x � 100}{100 + (\frac{25}{2} � 1)} = 40$

(x/2)+(2x/5)-(8x/9) = 40

x=3600.

Therfore, amount of bill=Rs. 3600.

1. The difference between Simple Interest and Compound Interest at the rate of 12% on the same amount for 3 years is Rs. 112.32. What is the principal amount if interest is compounded annually?
Options
A. Rs. 25000
B. Rs. 2500
C. Rs. 50000
D. Rs. 5000

5. If a person repaid Rs. 22500 after 10 years of borrowing a loan, at 10% per annum simple interest find out what amount did he take as a loan?
Options
A. 11,225
B. 11,250
C. 10,000
D. 7,500

7. A sum of money invested at simpleinterest triples itself in 8 years. How many times will it become in 20 years time?
Options
A. 8 times
B. 7 times
C. 6 times
D. 9 times

9. Srinivasan invests two equal amounts in two banks giving 8% and 12% rate of interest respectively. At the end of year the interest earned is Rs. 1500. Find the sum invested in each.
Options
A. Rs. 5800
B. Rs. 15000
C. Rs. 7500
D. Rs. 17,000

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