Compound Interest - Data Intensity 2 Multiple Questions and Answers.
Exercise Questions ::
Compound Interest
21. | The difference between C.I. and S.I. on an amount of Rs. 15,000 for 2 years is Rs. 96. What is the rate of interest per annum? |
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| A. | 8 |
| B. | 10 |
| C. | 12 |
| D. | Cannot be determined |
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Published by:Michael Daani
22. | A sum of money is borrowed and paid back in two annual installments of Rs. 882 each allowing 5% C.I. The sum borrowed was? |
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| A. | Rs. 1620 |
| B. | Rs. 1640 |
| C. | Rs. 1680 |
| D. | Rs. 1700 |
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Published by:Michael Daani
23. | What annual payment will discharge a debt of Rs. 1025 due in 2 years at the rate of 5% compound interest? |
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| A. | Rs. 550 |
| B. | Rs. 551.25 |
| C. | Rs. 560 |
| D. | Rs. 560.75 |
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Published by:Michael Daani
Published by:Michael Daani
25. | A sum of money placed at C.I. interest doubles itself in 5 years. It will amount to eight times itself at the same rate of interest in? |
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| A. | 7 years |
| B. | 10 years |
| C. | 15 years |
| D. | 20 years |
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Published by:Michael Daani
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