1
Q:

# If the simple interest on a sum of money at 5% per annum for 3 years is Rs. 1200, find the compound interest on the same sum for the same period at the same rate.

 A) Rs.1251 B) Rs.1261 C) Rs.1271 D) Rs,1281

Answer:   B) Rs.1261

Explanation:

Clearly, Rate = 5% p.a .,

Time = 3 years

S.I =Rs.1200.

So,Principal

=Rs.(100 x 1200/3x5)

=Rs.8000.

Amount

=Rs.[8000 x (1+5/100)³]

=Rs(8000x21/20x21/20x21/20)

= Rs.9261

C.I

=Rs.(9261-8000)

=Rs.1261.

Subject: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO
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Answer & Explanation Answer: D) Rs.3200

Explanation:
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3 765
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.

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Answer & Explanation Answer: A) Rs.400

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

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Answer & Explanation Answer: A) Rs. 2000

Explanation:
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0 534
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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?

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Answer & Explanation Answer: B) 22050

Explanation:
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0 431
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:
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1 493
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:
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1 465
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

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4 975
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?

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Answer & Explanation Answer: D) 7986

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3 615