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A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be_________?
A. Rs 230
B. Rs 232
C. Rs 600
D. Rs 832
Compound Interest · Easy · 3 weeks ago
A money lender borrows money at 4% P.a and pays interest at the end of the year. He lends it at 6% P.a compound interest compounded half-yearly and receives the interest at the end of the year. Thus be gains Rs 104.50 a year. The amount of money he borrows is_________?
A. Rs 4500
B. Rs 5000
C. Rs 5500
D. Rs 6000
Compound Interest · Easy · 3 weeks ago
If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third year then the compound interest of Rs 10000 for 3 years will be_________?
A. Rs 1575.20
B. Rs 1600
C. Rs 1625.80
D. Rs 2000
Compound Interest · Easy · 3 weeks ago
A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest?
A. 7 years
B. 10 years
C. 15 years
D. 20 years
Compound Interest · Easy · 3 weeks ago
The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is:_________?
A. Rs 100000
B. Rs 11000
C. Rs 120000
D. Rs 170000
Compound Interest · Easy · 3 weeks ago
If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by:__________?
A. Rs 900
B. Rs 1000
C. Rs 1050
D. Rs 1100
Compound Interest · Easy · 3 weeks ago
The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is:__________?
A. Rs 2518
B. Rs 2520
C. Rs 2522
D. Rs 2524
Compound Interest · Easy · 3 weeks ago
How much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly?
A. Rs 17423
B. Rs 18973
C. Rs 19448
D. Rs 19880
Compound Interest · Easy · 3 weeks ago
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