The amount (in Rs) received at 10% per annum compound interest after 3 yrs is Rs. 119790. What was the principal?
1). 90000
2). 100000
3). 80000
4). 75000
Bill Gates borrows $7000 from Zuckerberg at the rate of r% per annum. After 3 years he again borrows $3000 and paid a total of $5325 as simple interest after 8 years from the first time he borrowed the money. Find the value of ‘r’?
1). 5.5%
2). 9.5%
3). 7.5%
4). 12.5%
How much payment will discharge a debt of Rs. 375 at the end of three years at a rate of 20% per annum at compound interest?
1). Rs. 648
2). Rs. 650
3). Rs. 720
4). Rs. 730
Sharad invested equal amounts in 2 schemes A and B at the same rate of interest. Scheme A offers S.I while scheme B offers compound interest. After 2 years he got Rs.2000 from scheme A as interest and Rs.2250 from scheme B. If the rate of interest is increased by 4%. What will be the total interest after two years from both schemes?
1). Rs. 2320.4
2). Rs. 5000
3). Rs. 4976.4
4). Rs. 4000
A sum is to be paid back in 2 equal annual installments. The interest is compounded annually at 2% per annum. If each installment be Rs. 25600 then what is the sum?