Mr. Dutta desired to deposit his retirement benefit of Rs. 3 lacs partly to a post office and partly to a bank at 10% and 6% interests respectively . If his monthly Interest Income was Ra.2000, then the difference of his deposits In the post office and In the bank was :
1). Rs.50,000
2). Rs.40,000
3). Nil
4). Rs.1,00,000
A sum of money Is paid back In two annual Instalments of Rs. 17.640 each, allowing 5% compound Interest compounded annually. The sum borrowed was
1). Rs.32,800
2). Rs.32,200
3). Rs.32,000
4). Rs.32,400
Rs. 16,820 Is divided between two brothers of age 27 years and 25 years. They Invested their money at 5% per annum compound interest In such a way that both will receive equal money at the age of 40 years. The share (In Rs.) of elder brother is
1). 8,280
2). 8,410
3). 8,820
4). 8,000
A sum off 210 was taken as a loan. This is to be paid back In two equal Instalments. If the rate of Interest be 10% compounded annually, then the value of each instalment is.
1). Rs.127
2). Rs.121
3). Rs.210
4). Rs.225
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.
1). Rs.6.651
2). Rs.6.615
3). Rs.6.516
4). Rs.6.156