What annual payment will discharge a debt of Rs. 38100 due in 3 years at 16 2/3 percent per annum compound interest?
1). Rs. 11300
2). Rs. 12700
3). Rs. 10800
4). Rs. 9981
Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers.
Quantity A: An amount of sum fetched a total simple interest of Rs. 800 at the rate of 8% per annum in 5 years. What is the sum?
Quantity B: 2000
The compound interest on a sum of money is three times the simple interest on the same amount of money when it is invested at the rate of 10%interest for a period of 2 years. Find the sum of money being invested upon?
1). Rs. 1331
2). Rs. 1534
3). Rs. 3431
4). Cannot be determined
Shubham took a loan of Rs. 250000 with simple interest for as many years as the rate of interest. If he paid Rs. 10000 as interest at the end of the loan period, what was the rate of interest for him?
1). 4.7%
2). 3.5%
3). 3%
4). 5%
A sum of money amounts to Rs. 7719.8 at the rate of 10% compounded annually for 3 years. The sum of money is