8
Q:

Reena took a loan of Rs. 1200 with simple interest for as many years as the rate of interest. If she paid Rs. 432 as interest at the end of the loan period, what was the rate of interest?

A) 3.6 B) 6
C) 18 D) Cannot be determined

Answer:   B) 6

Explanation:

Explanation:

Let rate = R% and time = R years.

Then, 

Q:

Sonika invested an amount of Rs.5800 for 2 years. At what rate of compound interest will she get an amount of Rs.594.50 at the end of 2 years ?

A) 6.5% B) 6%
C) 5% D) 4.5%
 
Answer & Explanation Answer: C) 5%

Explanation:

C.I = 

594.5 = 

 % .

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3 108
Q:

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 1155. The simple interest on the same sum for double the time at half the rate percent per annum is ?

A) Rs. 1100 B) Rs. 5500
C) Rs. 1400 D) Rs. 4120
 
Answer & Explanation Answer: A) Rs. 1100

Explanation:

Let the sum be Rs.x. Then, 

=> x =5500

sum = Rs. 5500.

So, S.I = Rs.

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2 208
Q:

There is 50% increase in an amount in 5 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate ?

A) Rs. 5422 B) Rs. 5489
C) Rs. 3972 D) Rs. 6145
 
Answer & Explanation Answer: C) Rs. 3972

Explanation:

Let p = Rs. 100.
Then, S.I is Rs. 50 and time = 5 years.

 = 10% p.a.

Now, p = Rs. 12,000 , T = 3 years and R = 10% p.a.
C.I. = Rs. = Rs. 

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4 199
Q:

The minimum number of half years in which a sum of money kept at 60% compound interest will be quadrupled is ?

A) 2 B) 4
C) 3 D) 6
 
Answer & Explanation Answer: D) 6

Explanation:

Let us assume Amount be 100 Rs and we calculate in CI

First year 60% of 100 = 60 amount (100+60) is 160

Second year 60% of 160 = 96 amount (160+96) is 256

Third year 60% of 256 =153.6 amount (256+153.6) is 409.6

Here the Amount of 100 Rs is quadrapled in 3 years.

One year contains 2 half years

Three year has 6 half years.

 It takes 6 half years.

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10 311
Q:

A certain sum is to be divided between A and B so that after 5 years the amount received by A is equal to the amount received by B after 7 years. The rate of interest is 10%, interest compounded annually. Find the ratio of amounts invested by them.

please solve this

Answer

Let the sum(principal) received by A and B are x and y.


(1+r) =  =


Then,  =


Hence, the ratio in which the sum is divided =121:100

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21 992