ExamCompetition Forum Question Papers Ask A Question Mock Test Learn & Earn Sign Up Login Menu



0 vote

The compound interest on Rs.30,000 at 7% per annum for a certain time is Rs.4,347. The time is

Asked on by | Votes 0 | Views: 64 | Tags: mathematics     | compound interest     | quantitative aptitude     | ssc     | Add Bounty

The compound interest on Rs.30,000 at 7% per annum for a certain time is Rs.4,347. The time is
1). 3 years
2). 4 years
3). 2 years
4). 2.5 years

SSC CGL Books


Share on Facebook      Share on Whatsapp       Share on Twitter




2 answers

2 vote
Answered by on | Votes 2 |
option 3 is the right answer

Join Telegram Group




0 vote
Answered by on | Votes 0 |

Here is the right answer

A = P $(1+\frac{(R)^{t}}{100})$

30000 + 4347

$\frac{34347}{30000}$ =$\frac{107}{100}$

Time = 2 years




Answer This Question

Name:
Email:
Answer :
Sum of (5+4)
Submit:

Other Questions

1. A sum amounts to Rs 7727.104 at the rate of 12% per annum compounded annually after three years. What is the value of principal (in Rs)?

2. A person deposited a sum of Rs.6,000 In a bank at 5% per annum simple Interest. Another person deposited Rs.5,000 at 8% per annum compound Interest After two years, the difference of their Interests will be

3. If the amount is 2.25 times of the sum after 2 years at compound interest (compound annually). the rate of interest per annum is :

4. A sum of * 6.000 is deposited for 3 years at 5% per annum compound interest (compounded annually). The difference of interests for 3 and 2 years will be

5. On what sum does the difference between the compound interest and the simple interest for 3 years at 10% is Rs.31

6. A sum of money becomes eight times In 3 years. If the rate Is compounded annually. In how much time will the same amount at the same compound rate become sixteen times

7. A loan off Rs.12,300 at 5% per annum compound Interest, is to be repaid In two equal annual instalments at the end of every year. Find the amount of each instalment.

8. The difference between the simple and compound Interest on a certain sum of money for 2 years at 4% per annum is Rs.4, The sum is

9. A sum of money Invested at compound Interest amounts to Rs.650 at the end of first year and Rs.676 at the end of second year. the sm of money is :

10. On what sum of money will the difference between simple Interest and compound Interest for 2 years at 5% per annum be equal to Rs.63