Question 1301 Compound Interest

What will be the compound interest earned on an amount of Rs. 5000 in 2 years? I. The simple interest on the same amount at the same rate of interest in 5 years is Rs. 2000. II. The compound interest and the simple interest earned in one year is the same. III. The amount becomed more than double on compound interest in 10 years.

Correct answer A. I only

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Question 1302 Compound Interest

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.

Correct answer E. I only or II and III only

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Question 1303 Compound Interest

An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned on it at the same rate? I. The rate of interest was 8 p.c.p.a. II. The total amount of simple interest was Rs. 1200.

Correct answer B. II alone sufficient while I alone not sufficient to answer

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Question 1304 Compound Interest

What will be compounded amount? I. Rs. 200 was borrowed for 192 months at 6% compounded annually. II. Rs. 200 was borrowed for 16 years at 6%.

Correct answer B. II alone sufficient while I alone not sufficient to answer

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Question 1305 Compound Interest

What is the rate of compound interest? I. The principal was invested for 4 years. II. The earned interest was Rs. 1491.

Correct answer B. II alone sufficient while I alone not sufficient to answer

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