2,40,000 is taken as loan for three years compounded annually at 12.5 – McqOptions

MCQOPTIONS

1.	2,40,000 is taken as loan for three years compounded annually at 12.5 % p.a. At the end of first year, the interest is revised to 12 % p.a. The total amount to be repaid at the end of third year is:
A.	3,38,688
B.	3,42,648
C.	3,26,400
D.	3,34,800
Answer» E.

Discussion

No Comment Found

Related MCQs

<p>What would be the compound interest accrued on an amount of Rs.7850 at the rate of 14% per annum in two years?</p>
<p>A certain sum increases by 50 % in 5 years. Three sums x, y and z are lent for 10, 15 and 20 years respectively. If amount on each sum is equal, then find the ratio of x, y and z. </p>
<p>The simple and compound interest that can be earned in two years at the same rate is Rs 1500 and Rs 1575 respectively. What is the rate (% per annum) of interest?</p>
<p>A sum amounts to 6480 in 4 years and 9600 in 8 years when it is compounded annually. Find the sum?</p>
<p>A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was the sum lent (in Rs)?</p>
Compounding interest means interest accrues
<p>A sum of Rs 5,000 amounts to Rs 7,200 in 8 years at a certain rate percent p.a, interest compounded yearly. What will be the compound interest on a sum of Rs.6,550 in 4 years at the same rate of interest?</p>
<p>Mr. Sathya invested money in FD. How much will he get on maturity, if Rs. 14,500 is invested at 20 % per annum compound interest for 6 months, compounded quarterly</p>
<p>The difference between simple interest and compound interest on Rs. 1200 for one year at the rate of 10 percent half-yearly is-</p>
<p>Find the principal amount, the difference of which compound interest and simple interest for a period of 3 years at the rate of 10% per annum will be Rs 31-</p>