Question:

1. The difference between the compound interest and simple interest on a certain sum at 6.25% p.a. for 2 years is Rs 70.31. What is the sum?

Options:
 A. Rs14000  approx B. Rs 16000  approx C. Rs 18000   approx D. Rs 20000   approx

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More Questions Related to Quantitative Aptitude > Compound Interest :

Question 1.

1. The difference between compound interest (compounded annually) and simple interest on a certain sum of money at 15% per annum in 2 years is Rs 225. Find the sum.

Options:
1.    Rs 10000
2.    Rs 11000
3.    Rs 12000
4.     none of these
Question 2.

1. If the amounts for a fixed principal after 3 years and 2 years at a certain rate of compound interest are in the ratio of 21 : 20, then the rate of interest is

Options:
1.    4 %
2.    5 %
3.    6 %
4.    7 %
Question 3.

1. A sum of money amounts to Rs 14,520 in 2 years and to Rs 15,972 in 3 years reckoning compound interest at the rate of

Options:
1.    5 %
2.    10 %
3.    15 %
4.    20 %
Question 4.

1. A money lender lends out a part of Rs 3364 at 5% compound interest for 3 years and the rest also at 5% compound interest, but for 5 years. If the final amount in both the cases is same, what is the amount lent out for 5 years?

Options:
1.    Rs 1200
2.    Rs1400
3.    Rs 1600
4.    Rs 1800
Question 5.

1. The population of a town increased by 5% of what it had been at the beginning of each year. If the population was 441000 in 1997, find the population in 1995.

Options:
1.    400000
2.    410000
3.    420000
4.    430000
Question 6.

1. Calculate the compound interest on Rs 1875 for 3 years if the rates of interest per annum are 5%, 6$$\frac{2}{3}$$% and 8$$\frac{1}{3}$$% respectively.

Options:
1.    Rs 300
2.    Rs 350
3.    Rs 400
4.    Rs 450