A sum is to be paid back in 3 equal annual instalments. The interest i – McqOptions

MCQOPTIONS

1.	A sum is to be paid back in 3 equal annual instalments. The interest is compound annually at 30% per annum. If each instalment be Rs.21970 then what is the sum?
A.	Rs.39,800
B.	Rs.39,900
C.	Rs.39,950
D.	Rs.39,990
Answer» C. Rs.39,950

Discussion

No Comment Found

Related MCQs

The simple interest and the true discount on a certain sum for a given period and at a given rate are 25 and 20 respectively. The sum is
The simple interest on a certain sum of the money at 4 % per annum for 4 years is Rs.80 more than the interest on the same sum for 3 years at 5 % per annum. Find the sum.
A man invested Rs. 9600 in two equal parts on SI for T years and (T + 2) years at the rates of 12.5% p.a and 16% p.a respectively. If the man got a total interest of Rs. 4272, then find the value of T.
What sum of money must be given as simple interest for six months at 4% per annum in order to earn 150 interest?
Aryan invested 5200 at 4 %, 6 % and 8 % per annum simple interest. At the end of the year, he got the same interest in all the three cases, find the money invested at 4%.
A sum of 3000 yields an interest of 1080 at 12% per annum simple interest in how many years ?
A sum becomes 5 times of itself in 3 years at compound interest (interest is compounded annually). In how many years will the sum becomes 125 times of itself?
A sum become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?
At what simple rate of interest a sum is double in 8 years?
A sum of money was invested at a certain rate of simple interest for 2 years. Had it been invested at 1% higher rate, it would have fetched Rs.192 more interest. The sum of money is-