Find the principal on amount rs. 11800 at 6% per annum for 3 years being simple interest annually?

Q:

The compound interest on a certain sum of money at 11% for 2 years is ₹6963. Its simple interest (in ₹) at the same rate and for the same period is:

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3 6563

Q:

The compound interest on a certain sum of money at 21% for 2 years is ₹9,282. Its simple interest (in ₹) at the same rate and for the same period is:

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2 4186

Q:

₹4,000 is given at 5% per annum for one year and interest is compounded half yearly. ₹2,000 is given at 40% per annum compounded quarterly for 1 year. The total interest received is nearest to:

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1 8837

Q:

A sum amounts to ₹18,600 after 3 years and to ₹27,900 after 6 years, at a certain rate percent p.a., when the interest is compounded annually. The sum is:

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Q:

A sum of ₹x was borrowed and paid back in two equal yearly instalments, each of ₹35,280. If the rate of interest was 5%, compounded annually, then the value of x is:

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4 7855

Q:

What is the compound interest on a sum of ₹8,100 for years at 8% per annum, if the interest is compounded 5-monthly? (Nearest to ₹1)

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2 9828

Q:

Ram deposited an amount of ₹ 8,000 in a bank’s savings account with interest 6.5% compounded monthly. What amount will he get at the end of 18 months?

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3 3773

Q:

The difference between the compound interest and simple interest on ₹ x at 9% per annum for 2 years is ₹20.25. What is the value of x ?

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4 2154

6) The simple interest on a certain sum of money at rate of interest 5% per annum for 2 years is Rs. 500. What is the compound interest on the same sum for the same period and at the same rate of interest?

1. Rs.412.5
2. Rs.400
3. Rs.500
4. Rs.512.5

The Correct answer is (D)

Explanation:

S.I. = 500

r = 5%

t = 2 years

Before finding C.I. we have to find the sum or principal;

Apply formula; Principal =

Now we have to find the Amount;

Apply formula; Amount =

Amount = 5000

= 5000 * 1.05 * 1.05 = Rs. 5512.5

C.I. = Amount - Principal

C.I. = 5512.5 - 5000 = Rs. 512.5 (Option D)

7) In how many years the compound interest on Rs. 10000 at the rate of 10% will be Rs. 2100 ?

1. 1.5 years
2. 2 years
3. 2.5 years
4. 3 years

The Correct answer is (B)

Explanation:

Principal = Rs. 10000

r = 10%

C.I. = Rs. 2100

8) The difference between Simple Interest and Compound Interest on a certain sum of money for 2 years is Rs.200. If the rate of interest is 12

1. Rs. 11800
2. Rs. 12000
3. Rs. 12800
4. Rs. 13000

The Correct answer is (C)

Explanation:

If the difference between the C.I. and S.I. on a certain sum of money for 2 years at rate of interest r % is Rs. X, then the sum is given by;

Sum = X

We have;

X = Rs. 200

t = 2 years

r = 12

= 200 *

= 200 *

= 200 * 64

= Rs. 12800 (Option C)

9) If the difference between Simple Interest and Compound Interest on a sum of money for 3 years is Rs. 200 and the rate of interest is 10%, what is the sum?

1. Rs. 6451.6
2. Rs. 6351.6
3. Rs. 6251.6
4. Rs. 6151.6

The Correct answer is (A)

Explanation:

If the difference between C.I. and S.I. on a certain sum for 3 years at rate of interest r% is Rs. X, then the sum is given by;

Sum =

We have;

X = Rs. 200

r = 10%
Therefore, sum =

10) The difference between simple interest and compound interest on a sum of money for 1 year at 4% per 6 months is 4, what is the sum?

1. Rs. 2100
2. Rs. 2300
3. Rs. 2500
4. Rs. 3000

The Correct answer is (C)

Explanation:

Let the sum = Rs. X

t = 1 year = 2 half years (6 months)

r = 4% for 6 months

On what principal will the simple interest be Rs 7008 in 6 years 3 months at 5% per year?

What is the formula to find the principal in simple interest?

What principal in investment will yield amounts of 6156 and 7290 in two and five years respectively at a specific equal rate of simple?

At what simple rate of interest a sum is double in 8 years?