A certain sum invested at 4% per annum compound interest, compounded half-yearly, amounts to Rs 7803 after the end of one year. The sum is?
1). 7000
2). 7200
3). 7500
4). 7700
The rate of simple interest per annum of bank being decreased from 5% to \(3\frac{1}{2}\%\), the annual income of a person from interest was less by Rs. 105. The sum deposited at the bank was
1). Rs. 7,000
2). Rs. 6,000
3). Rs. 7,200
4). Rs. 6,800
What is the difference (in Rs.) between the compound interests on Rs. 4000 for 1 year at 12% per annum compounded yearly and half - yearly?
A person invests in the stock market at 10% per annum, compounded annually, for 1 years. If the interest was compounded half-yearly, he would have received Rs. 75 more. Find the sum that invest in the stock market.
1). Rs. 40,000
2). Rs. 35,000
3). Rs. 30,000
4). Rs. 38,000
Ravi took a loan of certain amount from a bank. If the difference of compound interest and simple interest on that amount for 3 years at the rate of 5% per annum is Rs. 11.40, then the amount is
1). Rs. 1500
2). Rs. 1475
3). Rs. 1395
4). Rs. 1495