The difference between simple and compound interests compounded annually o

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The difference between simple and compound interests compounded annually on a certain sum of money for 2 years at 4% per annum is Re. 1. The sum (in Rs.) is:

Options:

A . 625

B . 630

C . 640

D . 650

Answer: Option A

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More Questions on This Topic :

Question 1. At what rate of compound interest per annum will a sum of Rs. 1200 become Rs. 1348.32 in 2 years?....

Question 2. The compound interest on Rs. 30,000 at 7% per annum is Rs. 4347. The period (in years) is:....

Question 3. What will be the compound interest on a sum of Rs. 25,000 after 3 years at the rate of 12 p.c.p.a.?....

Question 4. There is 60% increase in an amount in 6 years at simple interest. What will be the compound interest of Rs. 12,000....of Rs. 12,000 after 3 years at the same rate?

Question 5. What is the difference between the compound interests on Rs. 5000 for 1 years at 4% per annum compounded yearly an....1 years at 4% per annum compounded yearly and half-yearly?

Question 6. The least number of complete years in which a sum of money put out at 20% compound interest will be more than doub....at 20% compound interest will be more than doubled is:

Question 7. Albert invested an amount of Rs. 8000 in a fixed deposit scheme for 2 years at compound interest rate 5 p.c.p.a. H....amount will Albert get on maturity of the fixed deposit?

Question 8. . The effective annual rate of interest corresponding to a nominal rate of 6% per annum payable half-yearly is:....

Question 9. . If the simple interest on a sum of money for 2 years at 5% per annum is Rs. 50, what is the compound interest on ....same at the same rate and for the same time?

Question 10. . The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearl....for one year at 10% per annum reckoned half-yearly is:

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