If the amount received at the end of 2nd and 3rd year at compound interest on a certain Principal is Rs 30250, and Rs 33275 respectively, what is the
rate of interest?
1). 10 percent
2). 5 percent
3). 20 percent
4). 16 percent
A bank offers 20% compound interest per half year. A customer deposits Rs 7600 each on 1st January and 1st July of a year. At the end of the year, the
amount he would have gained from interest is
1). Rs 9727
2). Rs 2432
3). Rs 4864
4). Rs 1216
At what rate of compound interest per annum will a sum of Rs 20000 become Rs 23328 in 2 years?
1). 8 percent
2). 16 percent
3). 24 percent
4). 12 percent
A bank offers 5% compound interest per half year. A customer deposits Rs 4800 each on 1st January and 1st July of a year. At the end of the year, the
amount he would have gained by way of interest?
1). Rs 732
2). Rs 1464
3). Rs 366
4). Rs 183
Simple interest on a certain sum of money for 3 years at 18% per annum is half the compound interest on Rs. 9000 for 2 years at 10% per annum. The sum
placed on simple interest is:
1). Rs 3500
2). Rs 875
3). Rs 1750
4). Rs 1400