Compound Interest
11.
A borrowed sum was paid in the two annual instilment of RS 121 each. If the rate of compound interest is 10% pa, what Sam was borrowed ?
A.
217. 80 B.
210 C.
220 D.
200

Answer: Option B

Explanation: No..

12.
Find the least number of compounds of complete year in which a sum of money put out at 20% compound interest, will be more than double
A.
3 yr B.
4 yr C.
5 yr D.
6 yr

Answer: Option B

Explanation: No..

13.
A sum of money is borrowed and paid back in two annual instilments of Rs 1764 each, allowing 5% compound interest. What was the sum borrowed?
A.
4000 B.
3340 C.
3000 D.
3280

Answer: Option D

Explanation: No..

14.
The income of a company increases 20% pa. if its income is Rs 2664000 in the year 1998, what was tis income in 1996?
A.
1800000 B.
4536527 C.
1850000 D.
3830000

Answer: Option C

Explanation: No..

15.
The simple interest on certain on a certain sum of money for 3 yr at 8% pa is half the compound interest on Rs 8000 for 2 yr at 10% pa. Find the sum placed on simple interest ?
A.
3500 B.
3800 C.
4000 D.
3600

Answer: Option D

Explanation: No..

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