The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525.

Register / Login

Check All Courses

Question

The compound interest on a certain sum for 2 years at 10% per annum is Rs. 525. The simple interest on the same sum for double the time at half the rate percent per annum is:

Options:

A . Rs. 400

B . Rs. 500

C . Rs. 600

D . Rs. 800

Answer: Option B

Let the sum be Rs. P.

Then,

P

1 +
10

2
- P

= 525
100

P

11

2
- 1

= 525
10

P =

525 x 100

= 2500.
21

Sum = Rs . 2500.

So, S.I. = Rs.

2500 x 5 x 4

= Rs. 500
100

Was this answer helpful ?

Next Question

Submit Comment/FeedBack

More Questions on This Topic :

Question 1. The difference between simple interest and compound on Rs. 1200 for one year at 10% per annum reckoned half-yearly is:....

Question 2. The difference between compound interest and simple interest on an amount of Rs. 15,000 for 2 years is Rs. 96. What is t....Rs. 96. What is the rate of interest per annum?

Question 3. What will be compounded amount?....

Question 4. What is the rate of compound interest?....

Question 5. An amount of money was lent for 3 years. What will be the difference between the simple and the compound interest earned....the compound interest earned on it at the same rate?

Question 6. The Compound interest on Rs 16000 for 9 months at 20% P.a compounded quarterly is: ....

Question 7. If the interest is payable annually than the principal on which the compound interest for 3 years at 10% P.a is Rs 33/-....years at 10% P.a is Rs 33/- is given by:

Question 8. A sum of money placed at compound interest doubles itself in 5 years in how many years it would to 8 times of itself at....8 times of itself at the same rate of interest?

Question 9. The difference between compound interest and simple interest on a sum for 2 years at 8% P.a is Rs 786. The sum is: ....

Question 10. If the rate of interest be 4% per annum for first year 5% per annum for the second year and 6% per annum from the third....compound interest of Rs 10000 for 3 years will be

Latest Videos

Chapter 1 - GLOBAL STEEL SCENARIO & INDI Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

Latest Test Papers

Chapter 3.1 : Overview of Finance & Acco Chapter 3 : Finance & Accounts SAIL E0 - GFM 2024

Chapter 2.1 : Overview Chapter 2 : Materials Management SAIL E0 - GFM 2024

Chapter 1.1 : Personnel Functions- An ov Chapter 1 : Personnel Management SAIL E0 - GFM 2024

GPOE / GPA Combined 1 Free CBT Mock Test SAIL E0 2024

CBT Mixed Test 1 GPOE/GPA SAIL E0 2024