15
Q:

# A sum of money invested at compound interest amounts to Rs. 800 in 3 years and to Rs. 840 in 4 years. The rate of interest per annum is

 A) 6% B) 4% C) 5% D) 7%

Explanation:

S.I. on Rs.800 for 1 year

=Rs[840 - 800]

= Rs.40

Rate

=(100x40/800x1)%

= 5%

Q:

A sum of Rs. 8,000 invested at 10% p.a. amounts to Rs. 9,261 in a certain time, interest compounded half-yearly. What will be the compound interest (in Rs. ) on the same sum for the same time at double the earlier rate of interest, when interest is compounded annually?

 A) Rs. 2,560 B) Rs. 2,480 C) Rs. 2,500 D) Rs. 2,520

Answer & Explanation Answer: A) Rs. 2,560

Explanation:

1 181
Q:

The compound interest on a certain sum at 16 2/3% p.a. for 3 years is Rs.6,350. What will be the simple interest on the same sum at the same rate for 5 2/3 years?

 A) ₹10,200 B) ₹11,400 C) ₹7,620 D) ₹9,600

Explanation:

0 1463
Q:

A and B together borrowed a sum of Rs.51,750 at an interest rate of 7% p.a. compound interest in such a way that to settle the loan, A paid as much amount after three years as paid by B after 4 years from the day of borrowing. The sum (in Rs) borrowed by B was:

 A) 25,650 B) 26,750 C) 25,000 D) 24,860

Explanation:

0 5298
Q:

A certain amount of money at compound interest grows to Rs.66,550 in 3 years and Rs.73,205 in 4 years. The rate percent per annum is:

 A) 9% B) 5% C) 11% D) 10%

Explanation:

0 4303
Q:

A sum lent out at compound interest amounts to Rs. 1,250 in one year and to Rs. 1,458 in 3 years at a certain rate percentage p.a. What is the simple interest on the same sum for 27/5 years at the same rate of interest?

 A) Rs. 600 B) Rs. 520 C) Rs. 500 D) Rs. 480

Answer & Explanation Answer: C) Rs. 500

Explanation:

0 242
Q:

What will be the difference in compound interest on a sum of Rs.7,800 at 8% for 1 year, when the interest is paid yearly and half yearly?

 A) ₹ 29.18 B) ₹ 12.48 C) ₹ 24.72 D) ₹ 19.46

Answer & Explanation Answer: B) ₹ 12.48

Explanation:

0 1887
Q:

Amit borrowed a sum of Rs. 25,000 on simple interest. Bhola borrowed the same amount on compound interest(interest compounded yearly). At the end of 2 years, Bhola had to pay Rs. 160 more interest than Amit. The rate of interest charged per annum is:

 A) 1625∘∘ B) 825∘∘ C) 8∘∘ D) 318∘∘

Explanation:

2 318
Q:

A sum of Rs 15000 is lent at compound interest (compounded annually) at an interest rate of 20% per annum. If the interest is compounded half yearly, then how much more interest (in Rs) will be obtained in one year?

 A) 225 B) 150 C) 75 D) 300