5
Q:

Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years?I. The rate of interest is 5 p.c.p.a.II. Simple interest fetched on the same amount in one year is Rs. 600.III. The amount borrowed is 10 times the simple interest in 2 years.

 A) .I only B) III only C) I or II D) II and Either I or III only

Answer:   D) II and Either I or III only

Explanation:

I. gives, Rate = 5% p.a.

II. gives, S.I. for 1 year = Rs. 600.

III. gives, sum = 10 x (S.I. for 2 years).

Now I, and II give the sum.

For this sum, C.I. and hence amount can be obtained.

Thus, III is redundant.

Again, II gives S.I. for 2 years = Rs. (600 x 2) = Rs. 1200.

Now, from III, Sum = Rs. (10 x 1200) = Rs . 12000.

Thus,Rate =$100*12002*12000$ =5%

Thus, C.I. for 2 years and therefore, amount can be obtained.

Thus, I is redundant.

Hence, I or III redundan
Q:

The difference between compound interest and simple interest on ₹ x at 8% per annum for 2 years is ₹ 48. What is the value of x?

 A) 7500 B) 7400 C) 8000 D) 7800

Explanation:

0 326
Q:

The difference between the compound interest and simple interest on Rs. x at 12% per annum for 2 years is ₹43.20. What is the value of x?

 A) 3,000 B) 2,500 C) 2,800 D) 2,400

Explanation:

0 87
Q:

The difference between the compound interest and simple interest on ₹x at 7% per annum for 2 years is ₹24.50. What is the value of x?

 A) 5,000 B) 4,800 C) 6,000 D) 5,400

Explanation:

0 494
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

Explanation:

3 507
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:

2 1901
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:

1 5631
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 4654
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