Q:

A) 1122 | B) 1025 |

C) 1125 | D) 625 |

Answer: C) 1125

Explanation:

Explanation:

Total amount for two years =

Now , interest for third year =

Q:

A) Rs. 11828.80 | B) Rs. 19828.80 |

C) Rs. 9828.80 | D) Rs. 19328.80 |

Answer & Explanation
Answer: B) Rs. 19828.80

Explanation:

Explanation:

Let the sum be Rs. P

P{ - 1 } = 2828.80

It is in the form of

P(8/100)(2 + 8/100) = 2828.80

P = 2828.80 / (0.08)(2.08)

= 1360/0.08 = 17000

Principal + Interest = Rs. 19828.80

2
41

Q:

A) Rs. 1911 | B) Rs. 1909 |

C) Rs. 1901 | D) Rs. 1907 |

Answer & Explanation
Answer: C) Rs. 1901

Explanation:

Explanation:

P = Rs. 15225, n = 9 months = 3 quarters, R = 16% p.a. per quarter.

Amount =

= (15225 x 26/25 x 26/25 x 26/25) = Rs. 17126.05

=> C.I. = 17126 - 15625 = Rs. 1901.05.

1
23

Q:

A) 3 years | B) 4 years |

C) 2.5 years | D) 2 years |

Answer & Explanation
Answer: B) 4 years

Explanation:

Explanation:

> 2P or > 2

Now, (6/5 x 6/5 x 6/5 x 6/5) > 2.

So, n = 4 years.

3
28

Q:

A) Rs. 8840 | B) Rs. 8800 |

C) Rs. 8810 | D) None |

1
70

Q:

A) 20% p.a | B) 15% p.a |

C) 18% p.a | D) 24% p.a |

Answer & Explanation
Answer: A) 20% p.a

Explanation:

Explanation:

Rs.1440 - 1200 = Rs.240 is the interest on Rs.1200 for one year.

Rate of interest = (100 x 240) / (1200) = 20% p.a

1
105