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Tejaswani Masih

Asked: 3 years agoIn: Interest

Given below are two statements
Statement I: Compound interest involves the reinvestment of the earned interest, which in future years also earns interest
Statement II: Simple interest is the amount earned or paid on a sum of compound interest and principal amount
In light of the above statement, choose the most appropriate answer from the option given below

1. Both statement I and statement II are true
2. Both statement I and statement II are false
3. Statement I is correct but statement II is false
4. Statement I is incorrect but statement II is true

Roma Mangat

Asked: 3 years agoIn: Interest

A sum of money doubles itself in 10 years at simple interest. The rate of interest is
1. 10%
2. 13%
3. 18%
4. 15%

Basanti Kumar

Asked: 3 years agoIn: Interest

A sum at the same simple interest becomes amount to Rs. 457 in 5 years and Rs. 574 in 10 years. Find the value of the sum (in Rupees).

1. 340
2. 420
3. 500
4. 280

Mitesh Raj Parmar

Asked: 3 years agoIn: Interest

Rs. 12000 deposited on compound interest becomes double in 5 years. If it is deposited for 20 years on same compound interest, then this amount becomes
1. Rs. 129000
2. Rs. 219000
3. Rs. 921000
4. Rs. 192000

Abdul Bawa

Asked: 3 years agoIn: Interest

A laptop is sold for Rs. 1680 cash or for Rs. 1400 cash down payment together with Rs. 287 to be paid after one month. Find the rate of simple interest charged per annum.

1. 2.5%
2. 3.5%
3. 15%
4. 30%
5. None of these.

Taahid Suresh Bhardwaj

Asked: 3 years agoIn: Interest

How much is the compound interest on Rs. 1000 at 10% interest in 3 years?
1. Rs. 331
2. Rs. 1331
3. Rs. 133
4. Rs. 313

Mitesh Prashad

Asked: 3 years agoIn: Interest

A man borrows Rs.21630 on compound interest and return it in three equal year installments. Find the installment charge per year if the rate of 20/3% p.a?
1. Rs. 1000
2. Rs. 981
3. Rs. 1200
4. Rs. 2200
5. Rs.8192

Jatin Chandra Cheema

Asked: 3 years agoIn: Interest

A sum of money becomes 3/2 times of itself in 3 years at certain rate of interest. Find the rate of interest?
1. 16\(\frac{2}{3}\)%
2. 11\(\frac{1}{3}\)%
3. 9\(\frac{1}{3}\)%
4. 12\(\frac{1}{3}\)%

Geetanjali Dixit

Asked: 3 years agoIn: Interest

If the principal of Rs. 8000 at the rate of 5% per annum. Compounded annually for 3 years. Find the compound interest.
1. Rs. 3310
2. Rs. 8000
3. Rs. 9261
4. Rs. 1261

Chhaya Rajesh Sehgal

Asked: 3 years agoIn: Interest

What principal on compound interest has their amount Rs. 650 in one year and Rs. 676 in two years?
1. Rs. 520
2. Rs. 572
3. Rs. 600
4. Rs. 625

Load More Questions

A sum of money doubles itself in 10 years at simple interest. The rate of interest is
1. 10%
2. 13%
3. 18%
4. 15%

A sum at the same simple interest becomes amount to Rs. 457 in 5 years and Rs. 574 in 10 years. Find the value of the sum (in Rupees).

1. 340
2. 420
3. 500
4. 280

Rs. 12000 deposited on compound interest becomes double in 5 years. If it is deposited for 20 years on same compound interest, then this amount becomes
1. Rs. 129000
2. Rs. 219000
3. Rs. 921000
4. Rs. 192000

A laptop is sold for Rs. 1680 cash or for Rs. 1400 cash down payment together with Rs. 287 to be paid after one month. Find the rate of simple interest charged per annum.

1. 2.5%
2. 3.5%
3. 15%
4. 30%
5. None of these.

How much is the compound interest on Rs. 1000 at 10% interest in 3 years?
1. Rs. 331
2. Rs. 1331
3. Rs. 133
4. Rs. 313

A man borrows Rs.21630 on compound interest and return it in three equal year installments. Find the installment charge per year if the rate of 20/3% p.a?
1. Rs. 1000
2. Rs. 981
3. Rs. 1200
4. Rs. 2200
5. Rs.8192

A sum of money becomes 3/2 times of itself in 3 years at certain rate of interest. Find the rate of interest?
1. 16\(\frac{2}{3}\)%
2. 11\(\frac{1}{3}\)%
3. 9\(\frac{1}{3}\)%
4. 12\(\frac{1}{3}\)%

If the principal of Rs. 8000 at the rate of 5% per annum. Compounded annually for 3 years. Find the compound interest.
1. Rs. 3310
2. Rs. 8000
3. Rs. 9261
4. Rs. 1261

What principal on compound interest has their amount Rs. 650 in one year and Rs. 676 in two years?
1. Rs. 520
2. Rs. 572
3. Rs. 600
4. Rs. 625

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