0
Q:

What amount must you invest now at 4% compounded monthly to accumulate $10,000 after 3 year

A) 8695 B) 7695
C) 3695 D) 4695

Answer:   A) 8695



Explanation:

Given: j = 4%, m=  12, FV = $10,000, Term=  3.5 years
Then n  =m  *Term  12(3.5)  42

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
 
Answer & Explanation Answer: D) 8,000

Explanation:
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0 420
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
 
Answer & Explanation Answer: A) 7500

Explanation:
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0 547
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
 
Answer & Explanation Answer: A) 3,000

Explanation:
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0 120
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
 
Answer & Explanation Answer: A) 5,000

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0 678
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:
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3 514
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
 
Answer & Explanation Answer: A) ₹10,200

Explanation:
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2 1913
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
 
Answer & Explanation Answer: C) 25,000

Explanation:
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1 5645
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%
 
Answer & Explanation Answer: D) 10%

Explanation:
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0 4667