85
Q:

What is the rate of interest p.c.p.a.?

I. An amount doubles itself in 5 years on simple interest.

II. Difference between the compound interest and the simple interest earned on a certain amount in 2 years is Rs. 400.

III. Simple interest earned per annum is Rs. 2000

A) I only B) II and III only
C) All I, II and III D) I only or II and III only

Answer:   D) I only or II and III only



Explanation:

I.P*R*5100=PR=20

 II.P1+R1002-P-P*R*2100=400=>pR2=4000000

 III.P*R*1100=2000=>PR=200000

 PR2PR=4000000200000R=20

 

Thus I only or (II and III) give answer.

 

 Correct answer is (D)

Subject: Compound Interest
Exam Prep: Bank Exams
Job Role: Bank PO
Q:

The compound interest on Rs. 1000 at 10% per annum for 3 years in (Rs.) is

A) Rs. 1331 B) Rs. 331
C) Rs. 300 D) Rs. 1300
 
Answer & Explanation Answer: B) Rs. 331

Explanation:
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0 795
Q:

If the amount received at 10% per annum Compound interest after 3 yrs is Rs 19965, then what will have been the principal (in Rs) amount?

A) 16000 B) 15000
C) 17000 D) 18000
 
Answer & Explanation Answer: B) 15000

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2 763
Q:

On a certain principal if the simple interest for two years is Rs 1400 and compound interest for the two years is Rs 1449, what is the rate of Interest?

A) 7 percent B) 3.5 percent
C) 14 percent D) 10 percent
 
Answer & Explanation Answer: A) 7 percent

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4 1045
Q:

The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 5% per annum is Rs 45. The sum is

A) Rs 36000 B) Rs 72000
C) Rs 18000 D) Rs 54000
 
Answer & Explanation Answer: C) Rs 18000

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2 832
Q:

A sum of Rs. 2000 amounts to Rs. 4000 in two years at compound interest. In how many years does the same amount becomes Rs. 8000.

A) 2 B) 4
C) 6 D) 8
 
Answer & Explanation Answer: B) 4

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3 1085
Q:

At what rate of compound interest per annum will a sum of Rs 50000 become Rs 73205 in 2 years?

A) 21 percent B) 19 percent
C) 17 percent D) 15 percent
 
Answer & Explanation Answer: A) 21 percent

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1 1000
Q:

If a sum of Rs.12500 is invested for 1 year at 12% per annum interest being compounded semi­-annually, then interest earned is

A) Rs.1505 B) Rs.1535
C) Rs.1545 D) Rs.1550
 
Answer & Explanation Answer: C) Rs.1545

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6 1109
Q:

If the amount received at the end of 2nd and 3rd year at compound interest on a certain Principal is Rs 30250, and Rs 33275 respectively, what is the rate of interest?

A) 10 percent B) 5 percent
C) 20 percent D) 16 percent
 
Answer & Explanation Answer: A) 10 percent

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3 910