A.Rs. 120
B.Rs. 121
C.Rs. 122
D.Rs. 123
“ShowAnswer=Option B
Compound Interest
The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:
A.625
B.630
C.640
D.650
Show AnswerAnswer=Option A
There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000 after 3 years at the same rate______?
A.Rs. 2160
B.Rs. 3120
C.Rs. 3972
D.Rs. 6240
E.None of these
Show AnswerAnswer=Option C
What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly and half-yearly______?
A.Rs. 2.04
B.Rs. 3.06
C.Rs. 4.80
D.Rs. 8.30
Show AnswerAnswer=Option A
What is the compound interest earned at the end of 3 years? I. Simple interest earned on that amount at the same rate and for the same period is Rs. 4500. II. The rate of interest is 10 p.c.p.a. III. Compound interest for 3 years is more than the simple interest for that period by Rs. 465.
A.I and II only
B.II and III only
C.I and III only
D.I and Either II or III only
E.Any two of the three
Show AnswerAnswer=Option D
Mr. Gupta borrowed a sum of money on compound interest. What will be the amount to be repaid if he is repaying the entire amount at the end of 2 years? I. The rate of interest is 5 p.c.p.a. II. Simple interest fetched on the same amount in one year is Rs. 600. III. The amount borrowed is 10 times the simple interest in 2 years.
A.I only
B.III only
C.I or II only
D.II and Either I or III only
E.All I, II and III are required
Show AnswerAnswer=Option D
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.
A.I only
B.I and II only
C.II and III only
D.I and III only
E.None of these
Show AnswerAnswer=Option A
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.Any two of the three
E.I only or II and III only
Show AnswerAnswer=Option E
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.
A.I alone sufficient while II alone not sufficient to answer
B.II alone sufficient while I alone not sufficient to answer
C.Either I or II alone sufficient to answer
D.Both I and II are not sufficient to answer
E.Both I and II are necessary to answer
Show AnswerAnswer=Option E
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%.
A.I alone sufficient while II alone not sufficient to answer
B.II alone sufficient while I alone not sufficient to answer
C.Either I or II alone sufficient to answer
D.Both I and II are not sufficient to answer
E.Both I and II are necessary to answer
Show AnswerAnswer=Option C