0
Q:

Find the compound interest on Rs.16,000 at 20% per annum for 9 months, compounded quartely.

A) Rs.2522 B) Rs.2422
C) Rs.3522 D) Rs.2322

Answer:   A) Rs.2522



Explanation:

Principal = Rs.16,000;

Time=9 months = 3 quarters;

Amount

=Rs.[16000x(1+5/100)³] =[16000x21/20x21/20x21/20]

= Rs.18522.

 

C.I

= Rs.(18522 - 16000)

= Rs.2522.

Subject: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO
Q:

If Rs. 2,000 is invested at the rate of 20% per annum, compounded half-yearly, then the amount after 18 months will be:

A) Rs.2628 B) Rs.2662
C) Rs.2600 D) Rs.3200
 
Answer & Explanation Answer: D) Rs.3200

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

2 668
Q:

Calculate the principal if an amount of Rs. 441 is received on compound interest at the rate of 5% per annum after 2 years.

 

A) Rs.400 B) Rs.390
C) Rs.380 D) Rs.350
 
Answer & Explanation Answer: A) Rs.400

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

2 493
Q:

Gitesh took a loan for 4 years at 5% Compound Interest. If the total interest paid was Rs. 431.01, Calculate the principal.

A) Rs. 2000 B) Rs. 2050
C) Rs. 2100 D) Rs. 2150
 
Answer & Explanation Answer: A) Rs. 2000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

0 453
Q:

A sum of Rs 20000 becomes Rs 32000 in 12 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?

 

A) 21750 B) 22050
C) 23250 D) 24650
 
Answer & Explanation Answer: B) 22050

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

0 387
Q:

A sum of Rs 4000 becomes Rs 5800 in 3 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 2 years?

 

A) 4430   B) 5450  
C) 5290   D) 4970
 
Answer & Explanation Answer: C) 5290  

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

1 418
Q:

The maturity value of a certain sum after two years at 20% p.a. interest compounded annually is Rs. 14,400/-. Find the Principal amount.

A) Rs.9000 B) Rs.9500
C) Rs.10,000 D) Rs.10,500
 
Answer & Explanation Answer: C) Rs.10,000

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

1 413
Q:

Shams invested Rs. 5000 at 10% per annum compound interest. After n years, Shams received Rs. 1655 more. Find the value of n.

 

A) 3 years B) 4 years
C) 2 years D) 1 year
 
Answer & Explanation Answer: A) 3 years

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

4 874
Q:

A sum of Rs 6000 becomes Rs 7200 in 2 years, when invested in a scheme of simple interest. If the same sum is invested in a scheme of compound interest with same yearly interest rate (compounding of interest is done yearly), then what will be the amount (in Rs) after 3 years?

 

A) 7434   B) 8244  
C) 7864   D) 7986
 
Answer & Explanation Answer: D) 7986

Explanation:
Report Error

View Answer Report Error Discuss

Filed Under: Compound Interest
Exam Prep: Bank Exams

3 557