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

<p>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 </p>
<p>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.</p>
<p>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.</p>
<p>What sum of money must be given as simple interest for six months at 4% per annum in order to earn 150 interest?</p>
<p>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%. </p>
<p>A sum of 3000 yields an interest of 1080 at 12% per annum simple interest in how many years ?</p>
<p>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?</p>
<p>A sum become Rs. 10,650 in 5 years and Rs.11076 in 6 years at simple interest. What is the sum?</p>
<p>At what simple rate of interest a sum is double in 8 years?</p>
<p>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-</p>