Amit borrowed Rs. 20,000 from his friend at 15% per annum simple inter – McqOptions

MCQOPTIONS

1.	Amit borrowed Rs. 20,000 from his friend at 15% per annum simple interest he lent it to Tarun at the same but rate compounded annually. Find his gain after 2 years.
A.	324
B.	604
C.	450
D.	572
Answer» D. 572

Discussion

No Comment Found

Related MCQs

The compound interest on Rs. 10,000 in 2 years at 4% per annum, the interest being compounded yearly, is
What is be the compound interest (in Rs.) accrued on an amount of Rs. 15000 at the rate of 20 per cent annum in two years, if the interest is compounded half-yearly?
If the compound interest accrued on an amount of Rs. 15,000 in two years is Rs. 2,496, what is the rate of interest p.c.p.a.?
Irfan borrows a sum of Rs. 64000 at 5% pa compound interest. He repays a certain amount at the end of one year and the balance amount of Rs. 35700 at the end of the second year. What amount does he repay in the first year?
Akanskha invests Rs. x in insurance which gives her returns at 21% annually and Rs. y in mutual funds which gives her returns of 10% compounded half yearly. If Akanskha gets the same returns from both the investments after 1 year, then what is the square root of the ratio of x to y?
If Rs. 1000 amounts to Rs. 1166.40 in two years compounded annually, Find the rate of interest per annum.
If the simple interest on a sum of money at 5% per annum for 2 years is Rs. 1400, find the compound interest on the same sum for the same period at the same rate.
Find the compound interest on Rs. 10,000 at 20% per annum for 6 months. compounded quarterly.
Find the compound interest on Rs. 7500 in 2 years at 6% per annum, the interest being compounded half-yearly.
Find compound interest on Rs. 7000 at 21% per annum for 2 years 4 months, compounded annually.