- 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
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%
1. Simple interest on a certain sum of money for 3 years at 8% per annum is half the compound interest on Rs. 4000 for 2 years at 10% per annum. The sum placed on simple interest is
- Rs 1650
- Rs 1750
- Rs 1850
- Rs 1950
Answer: Option B
Explanation:
\begin{aligned}
C.I. = (4000 \times(1+\frac{10}{100})^2 - 4000) \\
= 4000 * \frac{11}{10} * \frac{11}{10} - 4000 \\
= 840 \\
\text{So S.I. = } \frac{840}{2} = 420\\
\text{So Sum = } \frac{S.I. * 100}{R*T} \\
= \frac{420 * 100}{3*8} \\
= Rs 1750
\end{aligned}
2. 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%
3. The present worth of Rs.169 due in 2 years at 4% per annum compound interest is
- Rs 155.25
- Rs 156.25
- Rs 157.25
- Rs 158.25
Answer: Option B
Explanation:
In this type of question we apply formula
\begin{aligned}
Amount = \frac{P}{(1+\frac{R}{100})^n} \\
Amount = \frac{169}{(1+\frac{4}{100})^2} \\
Amount = \frac{169 * 25 * 25}{26*26} \\
Amount = 156.25
\end{aligned}
4. What will be the difference between simple and compound interest @ 10% per annum on the sum of Rs 1000 after 4 years
- Rs 62.10
- Rs 63.10
- Rs 64.10
- Rs 65.10
Answer: Option C
Explanation:
\begin{aligned}
S.I. = \frac{1000*10*4}{100} = 400 \\
C.I. = [1000(1+\frac{10}{100})^4 - 1000] \\
= 464.10
\end{aligned}
So difference between simple interest and compound interest will be 464.10 - 400 = 64.10
5. 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}
Thanks ! Your comment will be approved shortly !
- Copyright 2014 - All rights reserved
- Terms Of Use & Privacy Policy
- Contact Us
- Copyright