The simple interest on a certain sum computes to Rs. 400 in 2 years and the compound interest on the same sum at the same rate and for the same time computes to Rs. 410.Find the rate percent?
2%
3%
4%
5%
Find out the capital required to earn a monthly interest of Rs.6000 at 12% simple interest.
6 lakhs
7 lakhs
8 lakhs
5 lakhs
A certain sum of money,placed out at compound interest amounts to Rs.6,272 in 2 years and to Rs. 7024.64 in 3 years.Find the sum of money?
Rs. 4000
Rs. 5000
Rs. 5500
Rs. 6500
If an amount of Rs. 2500 is deposited in a scheme, for five years and interest is compounded at 20% yearly what is the amount get?
Rs.7821
Rs.1100
Rs. 6221
Rs. 3421
A financial company claims that it charges only 20% interest on loans.But if a person takes out a loan of 100 rupees, he would get only 80 rupees,after subtracting the annual interest of 200 rupees at the outset.And he has to pay back 100 rupees after one year.What is their actual rate of interest?
20
25%
23
21%
A TV manufacturer reduces the price of a particular model by 5% every year.The current price of this model is 8000 rupees.What would be the price after 3 years?
Rs.5673
Rs.9086
Rs. 6859
Rs. 3456
At what rate percent per annum simple interest will a sum of money triple itself in 25 years.
8
8.3
9.1
10
In how many years will Rs.2000 amount Rs.2,662 at 10% compound interest
3
4
5
2
Calculate the compound interest on Rs. 5,000 in 2 years, if the rates of interest for the successive years be 8% and 10% respectively?
Rs. 940
Rs. 905
Rs. 960
Rs. 990
Devan availed a loan of Rs. 45000 from a bank for constructing his house.If the banks compounds yearly interest at 16% what is the amount he has to remit at the end of 3 years?
Rs. 70240
Rs. 7650
Rs. 2110
Rs. 8750