78
Q:

What annual payment will discharge a debt of Rs.7620 due in 3years at1623 % per annum interest?

A) 5430 B) 4430
C) 3430 D) 2430

Answer:   C) 3430



Explanation:

Let each installment be Rs.x. Then, 

(P.W. of Rs.x due 1 year hence) + (P.W of Rs.x due 2 years hence) + (P.W of Rs. X due 3 years hence) = 7620.

 

x1+503x100+x1 +503x1002+x1 +503x1003 = 7620

 

 6x7+36x49+216x343=7620

 

 294x + 252x + 216x = 7620 x 343

 

 => x = 3430

 

 Amount of each installment = Rs.3430

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:
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0 388
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:
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2 312
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:
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0 298
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

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0 251
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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1 265
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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1 267
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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4 584
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

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2 390