49
Q:

The difference between the simple interest received from two different sources on Rs.1500 for 3 years is Rs.13.50. The difference between their rates of interest is

A) 0.1% B) 0.2%
C) 0.3% D) 0.4%

Answer:   C) 0.3%



Explanation:

(1500 x R1 x 3)/100 

=> 4500 (R1-R2) = 1350 

=> (R1-R2)= 1350/4500 = 0.3 %

Q:

The simple interest on a certain sum at the end of three years at 5%p.a. is ₹1,200. The compound interest on the same sum for the same period at the same rate is (interest compounded yearly):

 

A) ₹1,800 B) ₹1,261
C) ₹820 D) ₹1,260
 
Answer & Explanation Answer: B) ₹1,261

Explanation:
Report Error

View Answer Report Error Discuss

1 1077
Q:

A sum of money invested for 4 years and 9 months at a rate of 8% simple interest per annum became Rs. 1,035 at the end 0 of the period. What was the sum that was initially invested?

 

A) Rs. 700 B) Rs. 675
C) Rs. 725 D) Rs. 750
 
Answer & Explanation Answer: D) Rs. 750

Explanation:
Report Error

View Answer Report Error Discuss

4 319
Q:

At what percent of simple interest will a sum 0f money double itself in 15 years?

A) 6 1/3% B) 6 2/3%
C) 6 1/2% D) 6%
 
Answer & Explanation Answer: B) 6 2/3%

Explanation:
Report Error

View Answer Report Error Discuss

3 366
Q:

What is the total earning after 2 years from Rs.18,750 on variable compound interest if the rate of interest for the first 4 year is 4% and for the second, it is 8%?

A) ₹ 1,740 B) ₹ 1,760
C) ₹ 1,670 D) ₹ 2,310
 
Answer & Explanation Answer: D) ₹ 2,310

Explanation:
Report Error

View Answer Report Error Discuss

1 1893
Q:

The simple interest on a sum of Rs.50,000 at the end of two years is Rs.4,000. What would be the compound interest on the same sum at the same rate for the same period ?

 

A) 4,040   B) 4,080  
C) 4,008   D) 8,000  
 
Answer & Explanation Answer: B) 4,080  

Explanation:
Report Error

View Answer Report Error Discuss

1 1899
Q:

Rs. 775 invested for 6 years gives an interest of Rs. 372. The rate of simple interest per annum is:

 

A) 8% B) 7%
C) 9% D) 7.5 %
 
Answer & Explanation Answer: A) 8%

Explanation:
Report Error

View Answer Report Error Discuss

2 384
Q:

In how many wars will an amount be doubled at 28.75% annual rate of interest?

 

A) 3.00 B) 3.90
C) 3.47 D) 6.00
 
Answer & Explanation Answer: C) 3.47

Explanation:
Report Error

View Answer Report Error Discuss

0 1231
Q:

If in 13 years a fixed sum doubles at simple interest, what will be the interest rate per year? (Correct to two decimal places)

 

A) 8.69%   B) 7.69%  
C) 7.29%   D) 7.92%  
 
Answer & Explanation Answer: B) 7.69%  

Explanation:
Report Error

View Answer Report Error Discuss

0 232