- Home
- Quantitative
- English
- Reasoning
- IT Officer
- Programming
-
Computer
- Computer Awareness Questions Answers - Set 1
- Computer Awareness Questions Answers - Set 2
- Important Abbreviations Computer Awareness Questions Answers
- Important File Extensions Questions Answers
- Computer System Architecture Questions Answers
- MS Office Questions Answers
- MS Excel Questions Answers
- MS PowerPoint Questions Answers
-
GK
- Geography Questions Answers
- Indian History Questions Answers
- World History Questions Answers
- Indian Economy Questions Answers
- Indian Polity and Constitution
- Physics Questions Answers
- Chemistry Questions Answers
- Biology Questions Answers
- First In India
- First In World
- Longest and Largest
- Books and Authors
- Important Days of year
- Countries and Capitals
- Inventions and Inventors
-
Current Affairs
- Current Affairs
- Current Affairs 2018
- Current Affairs 2018 - 2019 PDF
- Current Affairs August 2019
- Current Affairs July 2019
- Current Affairs June 2019
- Current Affairs May 2019
- Current Affairs April 2019
- Current Affairs March 2019
- Current Affairs February 2019
- Current Affairs January 2019
- Current Affairs December 2018
- Current Affairs November 2018
- Current Affairs October 2018
- Current Affairs September 2018
- Govt Jobs
- Exams
- Online Quiz
- You are here
- Home
- Quantitative Aptitude
- Arithmetic Aptitude Questions Answers
- Compound Interest Questions Answers
- Aptitude Question
- Current Affairs 2019
- Current Affairs 2018
- Current Affairs December 2018
- Current Affairs November 2018
- Current Affairs October 2018
- Current Affairs September 2018
- Current Affairs August 2018
- Current Affairs July 2018
- Current Affairs June 2018
- Current Affairs May 2018
- Current Affairs April 2018
- Current Affairs March 2018
- Current Affairs February 2018
- Current Affairs January 2018
- Current Affairs 2018
- Current Affairs PDF
- Current Affairs PDF Download
- Current Affairs July 2019 PDF
- Current Affairs June 2019 PDF
- Current Affairs May 2019 PDF
- Current Affairs April 2019 PDF
- Current Affairs March 2019 PDF
- Current Affairs February 2019 PDF
- Current Affairs January 2019 PDF
- Current Affairs December 2018 PDF
- Current Affairs November 2018 PDF
- Current Affairs October 2018 PDF
- Current Affairs September 2018 PDF
- Current Affairs August 2018 PDF
- Current Affairs July 2018 PDF
- Current Affairs June 2018 PDF
- Current Affairs May 2018 PDF
- Current Affairs April 2018 PDF
- Current Affairs March 2018 PDF
- Current Affairs February 2018 PDF
- Current Affairs January 2018 PDF
Question Detail
A sum of money invested at compound interest to Rs. 800 in 3 years and to Rs 840 in 4 years. The rate on interest per annum is.
- 4%
- 5%
- 6%
- 7%
Answer: Option B
Explanation:
S.I. on Rs 800 for 1 year = 40
Rate = (100*40)/(800*1) = 5%
1. If the simple interest on a sum of money for 2 years at 5% per annum is Rs.50, what will be the compound interest on same values
- Rs.51.75
- Rs 51.50
- Rs 51.25
- Rs 51
Answer: Option C
Explanation:
\begin{aligned}
S.I. = \frac{P*R*T}{100} \\
P = \frac{50*100}{5*2} = 500\\
Amount = 500(1+\frac{5}{100})^2 \\
500(\frac{21}{20} * \frac{21}{20}) \\
= 551.25 \\
C.I. = 551.25 - 500 = 51.25
\end{aligned}
2. Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually
- Rs 312
- Rs 412
- Rs 512
- Rs 612
Answer: Option D
Explanation:
Please apply the formula
\begin{aligned}
Amount = P(1+\frac{R}{100})^n \\
\text{C.I. = Amount - P}
\end{aligned}
3. Effective annual rate of interest corresponding to nominal rate of 6% per annum compounded half yearly will be
- 6.09%
- 6.10%
- 6.12%
- 6.14%
Answer: Option A
Explanation:
Let the amount Rs 100 for 1 year when compounded half yearly, n = 2, Rate = 6/2 = 3%
\begin{aligned}
Amount = 100(1+\frac{3}{100})^2 = 106.09
\end{aligned}
Effective rate = (106.09 - 100)% = 6.09%
4. On a sum of money, simple interest for 2 years is Rs 660 and compound interest is Rs 696.30, the rate of interest being the same in both cases.
- 8%
- 9%
- 10%
- 11%
Answer: Option D
Explanation:
Difference between C.I and S.I for 2 years = 36.30
S.I. for one year = 330.
S.I. on Rs 330 for one year = 36.30
So R% = \frac{100*36.30}{330*1} = 11%
5. We need to divide Total Sum Rs. 3364 between Ram and Sham so that Ram's share at the end of 5 years may equal to Sham's share at the end of seven years with compound interest rate at 5 percent.
- 1864 and 1500
- 1764 and 1600
- 1664 and 1700
- 1564 and 1800
Answer: Option B
Explanation:
It is clear from question that Ram's share after five years = Sham's share after seven years
Hence we can conclude following :
\begin{aligned}
\text{(Rams's present share)}\left(1 + \dfrac{5}{100}\right)^5 = \text{(Sham's present share)}\left(1 + \dfrac{5}{100}\right)^7\\
=> \dfrac{\text{(Ram's present share)}}{\text{(Sham's present share)}}= \dfrac{\left(1 + \dfrac{5}{100}\right)^7}{\left(1 + \dfrac{5}{100}\right)^5} \\ = \left(1 + \dfrac{5}{100}\right)^{(7-5)} = \left(1 + \dfrac{5}{100}\right)^2 \\ = \left(\dfrac{21}{20}\right)^2 = \dfrac{441}{400}
\end{aligned}
Ram's present share : B's present share = 441 : 400
\begin{aligned}
\text{As amount is Rs.3364, Ram's share = }3364 \times \dfrac{441}{(441+400)} \\\\
= 3364 \times \dfrac{441}{841} = 4 \times 441 = \text{ Rs. 1764}
\end{aligned}
So Sham's share is = 3364-1764 = 1600
Thanks ! Your comment will be approved shortly !
-
Admin 11 years ago
Hello Harish,
We need to calculate the S.I. for one year, so that we can calculate the Rate by putting it in formula of simple interest.
But if you are confused that why it is being calculated by S.I. formula rather than Compound interest formula. Then please be informed that you can calculate it either way, answer will be same. So to save time and to solve it quickly we use Simple Interest formula. -
harish 11 years ago
i need full explination plz icant understand how it is why should we find first find the simpleintrest
- Copyright 2014 - All rights reserved
- Terms Of Use & Privacy Policy
- Contact Us
- Copyright