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- 1. Certain loan amount was repaid in two annual installments of Rs.1331/- each. If the rate of interest be 10% per annum Compounded annually the sum borrowed was?
A.Rs.121/-
B.Rs.2130/-
C.Rs.2310/-
D.Rs.1331/-
Answer & Explanation
Answer: Option C 
Principal = (P.W of Rs. 1331/- due 1 year hence) + (P.W of Rs. 1331/- due 2 years hence)
= [1331/(1 + 10/100) + 1331/(1 + 10/100)2]
= [1331/(110/100) + 1331/(110/100 × 110/100)]
= 13310/11 + 133100/121 = 1210 + 1100 = Rs.2310/-
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- 2. A sum of money deposited at C.I. amounts to Rs.3650 in 2 years and to Rs.4015 in 3 years. Find the rate percent?
A.10%
B.15%
C.20%
D.25%
Answer & Explanation
Answer: Option A
3650 -------- 365
100 -------- ? (10%)
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- 3. The difference between simple interest and C.I. at the same rate for Rs.5000 for 2 years in Rs.72. The rate of interest is?
A.10%
B.12%
C.6%
D.8%
Answer & Explanation
Answer: Option B
5000 = 72(100/R)2
5 R2 = 720 => R = 12
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- 4. Find the least number of complete years in which a sum of money put out at 25% compound interest will be more than double of itself?
A.1 year
B.6 years
C.2 years
D.4 years
Answer & Explanation
Answer: Option D
4 years
View Answer
- 5. Find the sum lend at C.I. at 5 p.c per annum will amount to Rs.441 in 2 years?
A.Rs.420
B.Rs.380
C.Rs.400
D.Rs.375
Answer & Explanation
Answer: Option C
441 = P(21/20)2
P = 400
View Answer
To whom this Compound Interest Questions and Answers section is beneficial?
Students can learn and improve on their skillset for using Verbal Ability effectively and can also prepare for competitive examinations like...
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