2
Q:

# Two payments of $10,000 each must be made one year and four years from now. If money can earn 9% compounded monthly, what single payment two years from now would be equivalent to the two scheduled payments?  A) 19296 B) 19396 C) 19496 D) 19596 Answer: A) 19296 Explanation: The single equivalent payment will be PV + FV. FV = Future value of$10,000, 12 months later
 $10,000 *(1.0075)/12 $10,938.07
PV=  Present value of $10,000, 24 months earlier $10,000/(1.0075)24
 $8358.31 The equivalent single payment is$10,938.07 + $8358.31 =$19,296.38

Q:

The difference between the compound interest and simple interest on ₹x at 7.5% per annum for 2 years is ₹45. What is the value of x?

 A) 9,000 B) 7,000 C) 10,000 D) 8,000

Explanation:

0 312
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:

0 472
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:

0 116
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:

0 621
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:

3 511
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 1911
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 5642
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%