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Compound interest Test-3

  • Remaining Timing :-

(1). A worker borrows a certain sum at 10% C.I. per annum and clears the loan in two equal annual installments of Rs.484 each. How much did he borrow?

  • (a). 820
  • (b). 840
  • (c). 260
  • (d). 420
  • (e). None of these
Answer : 840

Explanation:

(2). If the simple interest for the certain sum of money for 3 years at 5% is Rs.150/-, find the corresponding compound?

  • (a). 155.125
  • (b). 157.625
  • (c). 157.8
  • (d). 155.545
  • (e). None of these
Answer : 157.625

Explanation:

(3). The C.I on a certain sum is Rs.104 for 2 years and S.I is Rs.100. what is value of 'R'?

  • (a). 10
  • (b). 5
  • (c). 8
  • (d). 20
  • (e). None of these
Answer : 8

Explanation:

(4). Find the C.I on Rs. 18,750 in 2 years, the rate of interest being 4% for the first year and 8% for the second year.

  • (a). 2310
  • (b). 2110
  • (c). 4310
  • (d). 5312
  • (e). None of these
Answer : 2310

Explanation:

(5). What sum of the money at C.I will amount to Rs.2249.52 in 3 years if the rate of interest is 3% for the first year, 4% for the second years, and 5% for the third year?

  • (a). 5000
  • (b). 4000
  • (c). 3000
  • (d). 2000
  • (e). None of these
Answer : 2000

Explanation: