On a certain sum of money, a man paid an interest of Rs. 5044 after 3 years at a rate of 5% per annum compounded annually. Find the sum.
1). Rs. 42000
2). Rs. 58000
3). Rs. 31100
4). Rs. 32000
A bank offers 15% simple interest per annum. A customer deposits Rs. 7200 each on 1st January and 1st July of a year. At the end of the year, the amount he would have gained by means of interest is
1). Rs. 6803
2). Rs.1660.5
3). Rs. 1701
4). Rs. 850
At a certain rate per annum, the simple interest on a sum of money for one year is Rs. 260 and the compound interest on the same sum for two years is Rs. 540.80. The rate of interest per annum is
1).
4%
On what sum of money will the C.I. of 2 yrs be the same as the S.I. on Rs. 412 for 10 yrs, the rate of interest being 6% per annum?
The difference between compound interest and simple interest of a certain sum of money at 20% per annum for 2 years is Rs. 58. Then the sum is
1). Rs. 1,000
2). Rs. 1,450
3). Rs. 1,550
4). Rs. 2,000