View in English View in Hindi |

The difference between the simple and the compound interest on a certain sum of money at 4% per annum in 2 years is 10 rs. What is the sum ? |

A) 5,000 B) 6,000 C) 6,250 D) 7,500 Correct Answer : 6,250 Explanation :Let the sum is 100 then So, 0.16 : 10 : : 100 : P |

The effective annual rate of interest corresponding to a nominal rate of 22% per annum payable half-yearly is? |

A) 44% B) 23.21% C) 46.42% D) 22% Correct Answer : 23.21% Explanation :Amount = P[1+(R/2)/100] Let the amount is 100 for one year Then, Effective rate = 123.21 -100 = 23.21% |

Raj borrowed Rs. 5000 at 10% per annum on simple interest and lent the same amount at 15% per annum on compound interest. At the end of 2 years, he would ? |

A) Gain Rs. 612.5 B) Gain Rs. 621.5 C) Loss Rs. 612.5 D) Loss Rs. 621.5 Correct Answer : Gain Rs. 612.5 Explanation :Simple interest paid by Raj At the end of 2 years Amount gained by Raj on lent it on compound interest Amount gain by Raj = 1612.5 - 1000 = 612.5 |

The difference between the compound interest and the simple interest earned at the end of the third year on a sum of money at a rate of 10% per annum is Rs 77.5. What is the sum? |

A) Rs 3500 B) Rs 2500 C) Rs 3000 D) Rs 2000 Correct Answer : Rs 2500 Explanation :Let Principle Amount =P, Time T = 3 and Rate R = 10% Now, CI - SI = 77.5 |