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Difference between compound interest and simple interest on Rs 8000 at 5% P.a for 3 years is _____ ?
A. Rs 61
B. Rs 600
C. Rs 50
D. Rs 60P=Rs 8000R=5%T=3 years.S.I=PTR100
=8000×3×5100
=1200.C.I=P(1+R100)T−P
=8000(1+5100)3−8000
=9261−8000=1261.∴ Difference between C.I and S.I
=Rs (1261−1200)=Rs 61What will be the compound interest on Rs 25000 after 3 years at 12% Per annum ?
A. Rs 9720
B. Rs 10483.20
C. Rs 9000.30
D. None of theseHow much would a sum of Rs 16000 approximately amount to in 2 years at 10% P.a compounded half-yearly ?
A. Rs 18973
B. Rs 19880
C. Rs 17423
D. Rs 19448Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is: ______ ?
A. Rs 2524
B. Rs 2522
C. Rs 2518
D. Rs 2520If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/- is given by: ______ ?
A. Rs 1050
B. Rs 1100
C. Rs 900
D. Rs 1000Difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is: _____ ?
A. Rs 170000
B. Rs 120000
C. Rs 100000
D. Rs 11000A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at the same rate of interest ?
A. 15 years
B. 20 years
C. 7 years
D. 10 yearsHence,in 15 Years amount to eight times itself .
A man deposited Rs 6000 in a bank at 5% P.a simple interest another man deposits Rs 5000 at 8% P.a Compounded interest. After 2 years the difference of their interest will be ______ ?
A. Rs 600
B. Rs 832
C. Rs 230
D. Rs 232Difference in interests = Rs. 832− Rs. 600= Rs. 232.
Difference between simple and compound interest (compounded-annually) on a sum of money for 2 years at 10% per annum is Rs 65. The sum is ______ ?
A. Rs 65065
B. Rs 65650
C. Rs 6500
D. Rs 6565Effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half yearly is : ____?
A. Rs 6.08%
B. Rs 6.09%
C. Rs 6.06%
D. Rs 6.07%What will be the effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is: 6.09%