On a certain sum of money, the difference between the compound interest for a ye

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On a certain sum of money, the difference between the compound interest for a year, payable half yearly, and the simple interest for a year is Rs. 56. If the rate of interest in both the cases is 16%, then the sum is ?

Options:

A . Rs. 1080

B . Rs. 7805

C . Rs. 8750

D . Rs. 5780

Answer: Option C

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Question 3. The difference between the amount of compound interest and simple interest accrued on an amount of Rs. 26000 at the end ....Rs. 2994.134. What is the rate of interest p.c.p.a ?

Question 4. A sum of money becomes eight times in 3 years, If the rate is compounded annually. In how much time will the same amount....amount at the same compound rate become sixteen times ?

Question 5. A sum of money placed at compound interest double itself in 4 years. In how many years will it amount to four times itse....many years will it amount to four times itself ?

Question 6. A money lender borrows money at 4% per annum and pays the interest at the end of the year. He lends it at 6% per annum c....a year. The amount of money be borrows, is ?

Question 7. The compound interest on Rs. 30000 at 7% per annum for a certain time is Rs. 4347. The times is = ?....

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

Question 9. A sum of Rs. 8000 will amount to Rs. 8820 in 2 years if the interest is calculated every year. The rate of compound inte....every year. The rate of compound interest is = ?

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