A certain bank offers 8% rate of compound interest on the 1st year and 9% on the 2nd year in a certain fixed deposit scheme. If Rs. 17,658 is received after investing for 2 years in this scheme, then what was the amount (in Rs) invested?
1). 16000
2). 15000
3). 15500
4). 16500
The difference between compound interest and simple interest on a sum for 2 years at 10% per annum, when the interest is compounded annually is Rs. 18. If the interest were compounded half-yearly, the difference between the interests would be:
At what rate of interest will Rs. 20000 become Rs. 28800 after 2 year when interest is compounded annually?
1). 5%
2). 6%
3). 20%
4). 15%
The difference between compound interest and simple interest on a sum for 2 year at 20% per annum is Rs. 200. If the interest is compounded half yearly, then what is the difference (in Rs) between compound and simple interest for 1st year?
1). 50
2). 75
3). 100
4). 150
If a certain sum of money doubles itself in 7 years 8 months at simple interest, then what will be the yearly rate of interest (in %)?
1). \(18\frac{3}{{24}}\)
2). \(13\frac{1}{{23}}\)
3). \(26\frac{2}{{23}}\)
4). 30